От: Дима Chernovolov
AUD/CAD continues to fall inside the Up Channel chart pattern which was recently identified by Autochartist on the hourly charts. Autochartist rates the Quality of this Up Channel at the 4 bar level – which reflects the slow Initial Trend (three bars), average Uniformity (5 брусья) и выше четкость (6 брусья). AUD/CAD is expected to continue to fall toward the lower support trendline of this Up Channel.
As can be seen from the weekly AUD/CAD chart below, the top of this Up Channel formed when the pair reversed down from the powerful resistance level 1.0330 (which also reversed the pair with the weekly Japanese candlesticks reversal pattern Falling Star at the end of 2016). The proximity of this resistance level and the overbought reading on the weekly Stochastic indicator increase the probability AUD/CAD will continue to fall inside this hourly Up Channel.
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.
Для получения более подробной информации об этом и других продуктах Autochartist посетите www.autochartist.com