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USD/JPY Target Level: 109.0150

USD/JPY Target Level: 109.0150

Falling Wedge identified at 07-Nov-2019 05:30 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 109.0150 within the next 7 hours. Supported by RSI below 40 Chart 15 MinutesPattern Falling WedgeLength 89 CandlesIdentified 07-Nov-2019 05:30 UTC
XAU/USD Target Level: 1478.8000

XAU/USD Target Level: 1478.8000

Channel Down identified at 06-Nov-2019 22:00 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 1478.8000 within the next day. Supported by RSI above 60 Chart 30 MinutesPattern Channel DownLength 156 CandlesIdentified 06-Nov-2019 22:00 UTC
CAD/CHF Target Level: 0.7551

CAD/CHF Target Level: 0.7551

Triangle identified at 06-Nov-2019 05:45 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7551 within the next 10 hours. Supported by RSI below 40 Chart 15 MinutesPattern TriangleLength 124 CandlesIdentified 06-Nov-2019 05:45 UTC
EUR/CHF Target Level: 1.1029

EUR/CHF Target Level: 1.1029

Channel Down identified at 05-Nov-2019 19:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1029 within the next 6 hours. Supported by RSI below 40 Chart 1 hourPattern Channel DownLength 30 CandlesIdentified 05-Nov-2019 19:00 UTC
GBP/USD Target Level: 1.2976

GBP/USD Target Level: 1.2976

Rising Wedge identified at 05-Nov-2019 08:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2976 within the next 3 days. Supported by RSI below 40 Chart 1 hourPattern Rising WedgeLength 191 CandlesIdentified 05-Nov-2019 08:00 UTC
XAU/USD Target Level: 1480.6000

XAU/USD Target Level: 1480.6000

Descending Triangle identified at 04-Nov-2019 05:00 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 1480.6000 within the next 2 days. Supported by RSI above 60 Chart 4 hourPattern Descending TriangleLength 60 CandlesIdentified 04-Nov-2019 05:00 UTC
GBP/NZD Target Level: 2.0180

GBP/NZD Target Level: 2.0180

Channel Down has broken through the resistance line at 04-Nov-2019 16:00 UTC. Possible bullish price movement forecast for the next 16 hours towards 2.0180. Supported by RSI below 40 Chart 1 hourPattern Channel DownLength 68 CandlesIdentified 04-Nov-2019 16:00 UTC
EUR/NZD Target Level: 1.7377

EUR/NZD Target Level: 1.7377

Falling Wedge has broken through the resistance line at 04-Nov-2019 11:00 UTC. Possible bullish price movement forecast for the next 16 hours towards 1.7377. Supported by RSI below 40 Chart 30 MinutesPattern Falling WedgeLength 96 CandlesIdentified 04-Nov-2019 11:00 UTC
AUD/USD Target Level: 0.6930

AUD/USD Target Level: 0.6930

Rising Wedge identified at 01-Nov-2019 08:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.6930 within the next 2 days. Supported by Upward sloping Moving Average Chart 4 hourPattern Rising WedgeLength 54 CandlesIdentified 01-Nov-2019 08:00 UTC
Trade of the Day:  EUR/GBP

Trade of the Day: EUR/GBP

By: Dima Chernovolov EUR/GBP continues to fall inside the 4-hour Falling Wedge chart pattern which was identified previously by Autochartist. Autochartist rates the quality of this Falling Wedge at the 6-bar level – which is the result of the slow Initial Trend (1 bar), above-average Uniformity (6 bars) and near-maximum Clarity (9 bars). EUR/GBP is…