От: Дима Chernovolov
AUD/CAD continues to rise inside the well-formed Rectangle chart pattern was previously identified by Autochartist on the daily charts. Autochartist measures the Quality of this Rectangle at the 7 bar level – which is the result of the sharp Initial Trend (8 брусья), significant Uniformity (7 брусья) and above-average Clarity (6 брусья). AUD/CAD is expected to rise further inside this Rectangle – in line with the earlier upward reversal from the support zone described below.
As can be seen from the daily AUD/CAD chart below, price earlier reversed up from the support area located between the pivotal support level 0.9950 (low of the daily Hammer from April), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from January (high Initial Trend of this Rectangle reflects the sharpness of this price impulse). The proximity of this support area increases the probability AUD/CAD will continue to rise inside this Rectangle.
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