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. 

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.