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. 

Trade of the Day: CAD/CHF

By: Dima Chernovolov CAD/CHF recently broke the key support level 0.7614, which was previously identified by Autochartist. 

19th May 2022 Thursday: Technical Outlook and Review

  DXY: On the H4, with prices bouncing off the ichimoku support , we have a bullish bias that price will rise to our 1st resistance at 104.171 where the horizontal pullback resistance, 61.8% Fibonacci projection and 50% Fibonacci retracement is from our 1st support at 103.290 in line with the horizontal swing low support. 

Trade of the Day: GBP/CHF

By: Dima Chernovolov GBP/CHF recently broke the hourly Triangle chart pattern, which was recently identified by Autochartist. 

18th May 2022 Wednesday: Technical Outlook and Review

DXY: On the H4, with MACD moving in a bearish momentum, we have a bearish bias that price will drop to our 1st support at 102.501 where the horizontal swing low support and 161.8% Fibonacci extension is from our 1st resistance at 103.615 in line with the horizontal pullback resistance. 

Trade of the Day: EUR/USD

By: Dima Chernovolov EUR/USD continues to rise toward the key resistance level 1.0599, which was previously identified by Autochartist. 

17th May 2022 Tuesday: Technical Outlook and Review

  DXY: On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 104.989 where the swing high resistance is from our 1st support at 104.078 in line with the horizontal pullback support and 38.2% Fibonacci retracement. 

Trade of the Day: AUD/CHF

By: Dima Chernovolov AUD/CHF continues to rise inside the hourly Ascending Triangle chart pattern, which was recently identified by Autochartist. 

Trade of the Day: EUR/CAD

By: Dima Chernovolov EUR/CAD continues to fall toward the key support level 1.3491, which was previously identified by Autochartist.