Autochartist Updates

By: Dima Chernovolov
 
I recently subscribed to Autochartist’s latest e-mail feature and received these trade opportunity alerts. Autochartist’s latest feature provides traders with a quick morning technical outlook of the markets.
 
As can be seen from the following trade opportunity alert for CHF/JPY, Autochartist expects this currency pair to decline to the target level 94.6027 in the next 4 trading days. The pair just broke the lower support trendline of the 4-hour Up Channel chart pattern identified earlier by Autochartist. The stop level for this bearish forecast is set at 94.6027 (point B, which is the top of the aforementioned Up Channel). This point formed when the pair reversed down form the major long-term resistance area close to the round price level 104.00 (which had previously reversed the pair sharply down in June of 2008 and in July of 2011 (as is shown on the second chart below). The downward sloping moving average adds to the likelihood that this pair will reach the target level 94.6027 in 4 days.
 
 

The following weekly CHF/JPY chart shows the previous price action close to the major resistance level 104.00:
 
 
 
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.
 
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By: Dima Chernovolov

I recently subscribed to Autochartist’s latest e-mail feature and received these trade opportunity alerts. Autochartist’s latest feature provides traders with a quick morning technical outlook of the markets.

USD/CAD has recently reached the target level 1.0232 that was specified for this currency pair in the trade opportunity alert that I received last Monday, via Autochartist’s email subscription (shown below). As this forecast suggested the pair spent all of the last week trending strongly up – eventually reaching the target level 1.0232 on Friday – in exactly the same time that was calculated for the completion of this forecast – within the next 5 trading days.

As can be seen from the following trade opportunity alert for EUR/USD that I received recently, the pair is expected to fall to the target level 1.3013 in the next 3 trading days – as a result of the recent breakout of the daily Up Channel chart pattern identified by Autochartist. Autochartist sets the stop-level for this bearish forecast at 1.3712 (point B, which is the top of the broken Up Channel). The target level 1.3013 (point A) corresponds to the last upward reversal point of the aforementioned Up Channel. The downward sloping moving average adds to the likelihood that this bearish forecast will soon be realized.

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...

By: Dima Chernovolov

I recently subscribed to Autochartist’s latest e-mail feature and received this trade opportunity alert this morning. Autochartist’s latest feature provides traders with a quick morning technical outlook of the markets.

As you can see from the following trade opportunity alert for CAD/JPY that I received today, the pair is expected to fall to the target level 92.02 in the next 10 hours. This target level (point A on the chart below) corresponds to the last upward reversal point of the lower support trendline of the Descending Triangle chart pattern identified by Autochartist on the 4-hour CAD/JPY charts (which is still being formed). The stop level for this bearish forecast is set at 93.547 (point B, which is the last downward reversal point of the aforementioned Descending Triangle). The pair has previously turned down from the major long-term resistance level 94.50 which reversed the pair sharply down in April of 2010. The downward sloping moving average adds to the probability that this currency pair will fall to 92.02 in 10 hours.

The following weekly CAD/JPY chart shows the previous price action close to the major resistance level 94.50:

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...

By: Dima Chernovolov

Analyst, Autochartist

I recently subscribed to Autochartist’s latest e-mail feature and received these trade opportunity alerts. Autochartist’s latest feature provides traders with a quick morning technical outlook of the markets.

As can be seen from the following opportunity alert that was generated by Autochartist for EUR/JPY, the pair is expected to fall toward the target level 105.975 in 13 days. The pair recently reversed down from the upper resistance trendline of the daily Up Channel identified by Autochartist. Autochartist sets the stop-level for this bearish forecast at 126.975 (point B on the chart below) which corresponds to the last downward reversal point of the upper resistance trendline of the aforementioned daily Up Channel. The target level for this decline, 105.975 (point A), corresponds to the previous upward reversal point of the lower support trendline of this Up Channel.

As can be seen from the following PowerStats chart for EUR/JPY, all of the daily Expected Price Range calculated for this currency pair by Autochartist (from 124.7651 to 123.0729) stands below the stop-level set for the above bearish forecast (126.975) which heightens the chances that EUR/JPY will continue to decline tomorrow.

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.

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