Trade of the Day: GBP/JPY
By: Dima Chernovolov GBP/JPY continues to fall inside the 30-minute Down Channel chart pattern, which was previously identified by Autochartist.
Markets
Friday 21st January 2022 : Technical Outlook and Review
DXY: On the weekly, prices have recently broken out of our descending trendline.
Trade of the Day: AUD/CAD
By: Dima Chernovolov
AUD/CAD recently broke the 4-hour Down Channel chart pattern, which was previously identified by Autochartist.
Finding a Match: Understanding Correlation in Forex
Correlation strategies appeal to forex traders because they remove the stress associated with picking market direction.
Thursday 20th January 2022 : Technical Outlook and Review
DXY:
On the H4 timeframe, prices are abiding to a bearish trendline and are on bearish momentum.
Trade of the Day: AUD/CHF
By: Dima Chernovolov
AUD/CHF continues to rise in the direction of the key resistance level 0.6665 which was previously identified by Autochartist.
Wednesday 19th January 2022 : Technical Outlook and Review
DXY:
On the H4 timeframe, prices are abiding to a bearish trendline and are on bearish momentum.
Trade of the Day: EUR/USD
By: Dima Chernovolov
EUR/USD continues to fall inside the 30-minute Down Channel chart pattern, which was previously identified by Autochartist.
Tuesday 18th January 2022 : Technical Outlook and Review
DXY:
On the H4 timeframe, price is consolidating in a descending channel and is on bearish momentum.
Trade of the Day: USD/JPY
By: Dima Chernovolov
USD/JPY continues to rise inside the hourly Up Channel chart pattern, which was previously identified by Autochartist.