От: Дима Chernovolov

NZD/CAD continues to fall inisde the clear Down Channel which was previously identified by Autochartist on the 30-minute charts. Autochartist measures the Quality of this Descending Triangle at the 7-bar level – which is the result of the slow Initial Trend (4 брусья), above-average Uniformity (7 брусья) and near-maximum Clarity (9 брусья). NZD/CAD is expected to fall further inside this Down Channel – in line with the active daily impulse wave which broke the support area shown below.


As can be seen from the daily NZD/CAD chart below, this Down Channel follows the earlier breakout of the support area lying between the support level 0.9530 (previous monthly low from June) and the 38.2% Fibonacci correction of the upward impulse from April. The breakout of this support zone strengthened the bearish pressure on this currency pair. The strength of the active downward impulse wave increases the probability NZD/CAD will continue to fall inside this Down 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

0 Нравится
878 Просмотры

Вам также может понравиться

Leave A Comment

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


* = Обязательное поле