Daily Forex Update: EUR/USD

От: Дима Chernovolov

Autochartist recently identified the breakout of the high Quality Up Channel on the daily EUR/USD charts. Autochartist rates the Quality of this chart pattern at the 8 bars level – which is the result of the strong Initial Trend (8 брусья), above-average Uniformity (6 брусья) и выше четкость (7 брусья). The strength of this Up Channel breakout is measured by Autochartist at the 10-bar level – which adds to the probability the pair will continue to fall to the Forecast Price 1.1069 in the coming trading sessions.

17052016dailyfximage1

As you can see from the daily EUR/USD chart below, the top of this Up Channel formed when the pair reversed down with the daily Japanese candlesticks reversal pattern Falling Star from the major long-term resistance level 1.1600 (which also previously reversed the price in August of 2015, as can be seen below). The breakout of this chart pattern continues the previous downward impulse from 1.1600. The pair will need to break the support level 1.1200 (monthly low from April) to reach the Forecast Price 1.1069.

17052016dailyfximage2

To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.

& NBSP;

Для получения более подробной информации об этом и других продуктах Autochartist посетите www.autochartist.com

3 Нравится
1984 Просмотры

Вам также может понравиться

Leave A Comment

Please enter your name. Please enter an valid email address. Please enter message.

Зарегистрироваться






* = Обязательное поле