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July 11, 2018

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DAILY FOREX UPDATE: NZD/USD

June 6, 2018

By: Dima Chernovolov NZD/USD continues to rise inside the 4-hour Rising Wedge chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Rising Wedge at the 5-bar level – which is the result of the slow Initial Trend (one bar), strong Uniformity (8 bars) and significant Clarity (7 bars). NZD/USD is expected to rise further inside this

Rising Wedge – in line with the earlier upward reversal from the powerful support area shown below. 05062018dailyfximage1 As can be seen from the weekly NZD/USD chart below, the pair earlier reversed up with the weekly Morning Star from the powerful support area lying between the long-term support level 0.6860 (which has been reversing the price from the end of 2016) and the lower weekly Bollinger Band. The proximity of this support area and the oversold weekly Stochastic increase the probability NZD/USD will continue to rise inside this

Rising Wedge. 05062018dailyfximage2 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. For further information on this and other Autochartist products visit www.autochartist.com
DAILY FOREX UPDATE: AUD/CAD
MON, 04 JUN 2018 06:55:43

By: Dima Chernovolov AUD/CAD recently broke the 4-hour Ascending Triangle chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Ascending Triangle at the 7-bar level – which is the result of the medium Initial Trend and Uniformity (both rated at the 4 bar level) and strong Clarity (9 bars). AUD/CAD is expected to rise toward the forecast price 0.9887. 04062018dailyfximage1 As can be seen from the weekly AUD/CAD chart below, the breakout of this Ascending Triangle continues the active daily impulse wave which started earlier from the major support area lying between the long-term support level 0.9600 (which has been reversing the price from the start of 2017) and the lower weekly Bollinger Band. The strength of the daily impulse wave increases the probability AUD/CAD will continue to rise toward the forecast price 0.9887. 04062018dailyfximage2 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. For further information on this and other Autochartist products visit www.autochartist.com
DAILY FOREX UPDATE: EUR/JPY
FRI, 01 JUN 2018 07:15:52

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