13th May 2022 Friday: Technical Outlook and Review

DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our 1st support where the swing low support is. 

Trade of the Day: EUR/USD

By: Dima Chernovolov EUR/USD today broke the 4-hour Triangle chart pattern, which was recently identified by Autochartist. 

12th May 2022 Thrusday: Technical Outlook and Review

DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our 1st support where the swing low support is. 

Trade of the Day: USD/CAD

By: Dima Chernovolov USD/CAD continues to fall inside the uniform 4-hour Up Channel chart pattern, which was recently identified by Autochartist. 

11th May 2022 Wednesday: Technical Outlook and Review

DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our 1st support where the 50% Fibonacci retracement is. 

Trade of the Day: AUD/NZD

AUD/NZD continues to rise to the key resistance level 1.1055, which was previously identified by Autochartist. 

10th May 2022 Friday: Technical Outlook and Review

DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our 1st support where the 50% Fibonacci retracement is. 

Trade of the Day: NZD/USD

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

09th May Monday : Technical Analysis and Review

DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our 1st support where the 61.8% Fibonacci retracement is.