Trade of the Day: GBP/JPY

By: Dima Chernovolov GBP/JPY continues to fall inside the 30-minute Down Channel chart pattern, which was recently identified by Autochartist. 

01st July 2022 Friday: Technical Outlook and Review

DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices to 1st resistance at 105.794 where the swing high resistance and 161.8% fibonacci extension are. 

Trade of the Day: EUR/JPY

By: Dima Chernovolov EUR/JPY recently broke the key support level 141.95, which was previously identified by Autochartist. 

30th June 2022 Thursday: Technical Outlook and Review

DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices to 1st resistance at 105.794 where the swing high resistance and 161.8% fibonacci extension are. 

Trade of the Day: EUR/CHF

By: Dima Chernovolov EUR/CHF continues to fall inside the 15-minute Down Channel chart pattern, which was recently identified by Autochartist. 

29th June 2022 Wednesday: Technical Outlook and Review

  DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices from our 1st support at 103.425 where the 127.2% fibonacci extension, 50% fibonacci retracement and swing low support are, after price has dropped to the 1st support level, to our 1st resistance at 105.794 in line with the horizontal swing high resistance. 

Trade of the Day: CAD/CHF

By: Dima Chernovolov CAD/CHF today broke the 30-minute Inverse Head and Shoulders chart pattern, which was recently identified by Autochartist. 

28th June 2022 Tuesday: Technical Outlook and Review

DXY: On the H4, with prices expected to bounce off stochastic support and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices from our 1st support at 103.425 where the 61.8% fibonacci projection, 50% fibonacci retracement and swing low support are, after price has dropped to the 1st support level, to our 1st resistance at 104.967 in line with the horizontal swing high resistance. 

Trade of the Day: EUR/CHF

By: Dima Chernovolov EUR/CHF recently broke the key resistance level 1.0121, which was previously identified by Autochartist. 

27th June 2022 Monday: Technical Outlook and Review

DXY: On the H4, with prices expected to bounce off ichimoku support and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices from our 1st support at 103.425 where the 61.8% fibonacci projection, 50% fibonacci retracement and swing low support are to our 1st resistance at 104.967 in line with the horizontal swing high resistance.