Trade of the Day: EUR/NZD
By: Dima Chernovolov EUR/NZD recently broke the 15-minute Ascending Triangle chart pattern, which was recently identified by Autochartist.
Market Analysis
26th May 2022 Thursday: Technical Outlook and Review
DXY: On the H4, with prices below the ichimoku indicator and past the bollinger band’s basis line in a downtrend, we have a bearish bias that price will drop to our 1st support at 101.560 where the horizontal swing low support, 127.2% Fibonacci extension and 50% Fibonacci retracement are from our 1st resistance at 102.348 in line with the horizontal overlap resistance and 23.6% fibonacci retracement.
Trade of the Day: EUR/CAD
By: Dima Chernovolov
EUR/CAD continues to fall inside the 30-minute Down Channel chart pattern, which was recently identified by Autochartist.
25th May 2022 Wednesday: Technical Outlook and Review
DXY:
On the H4, with prices below the ichimoku indicator, we have a bearish bias that price will drop to our 1st support at 101.560 where the horizontal swing low support, 127.2% Fibonacci extension and 50% Fibonacci retracement are from our 1st resistance at 102.348 in line with the horizontal pullback resistance.
Trade of the Day: EUR/USD
By: Dima Chernovolov
EUR/USD continues to rise inside the 15-minute Rising Wedge chart pattern, which was recently identified by Autochartist.
24th May 2022 Tuesday: Technical Outlook and Review
DXY:
On the H4, with prices below the ichimoku indicator, we have a bearish bias that price will drop to our 1st support at 101.560 where the horizontal swing low support, 127.2% Fibonacci extension and 50% Fibonacci retracement are from our 1st resistance at 102.348 in line with the horizontal pullback resistance.
Trade of the Day: USD/CHF
By: Dima Chernovolov
USD/CHF continues to fall inside the clear 4-hour Falling Wedge chart pattern, which was recently identified by Autochartist.
23rd May 2022 Monday: Technical Outlook and Review
DXY:
On the H4, with prices below the ichimoku indicator and prices breakout of the ascending channel, we have a bearish bias that price will drop to our 1st support at 102.492 where the horizontal swing low support and 78.6% Fibonacci projection are from our 1st resistance at 103.267 in line with the horizontal pullback resistance.
Trade of the Day: GBP/CHF
By: Dima Chernovolov
GBP/CHF recently broke the 30-minute Triangle chart pattern, which was recently identified by Autochartist.
20th May 2022 Friday: Technical Outlook and Review
DXY:
On the H4, with prices below the ichimoku indicator and prices breakout of the ascending channel, we have a bearish bias that price will drop to our 1st support at 102.492 where the horizontal swing low support and 78.6% Fibonacci projection are from our 1st resistance at 103.276 in line with the horizontal pullback resistance.