Autochartist - Daily Forex Update: EUR/USD & GBP/NZD

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By Dima Chernovolov | January 30, 2013 7:27 AM EST

Autochartist

EUR/USD has been rising steadily in the last trading session - in correspondence of the following opportunity alert that I received previously through Autochartist's email subscription. Autochartist expects the pair to preserve the upward momentum and to reach the target level 1.3539 in the following two trading days (EUR/USD is currently trading within 50 pips of 1.3539). The upward sloping moving average adds to the probability that the pair will reach the target level in 2 days.

GBP/NZD is the second currency pair which has been moving in accordance with the opportunity alert that was generated earlier by Autochartist. The pair has preserved the heavy tone in the last two trading sessions and is set to reach the target level 1.8707 in the next 2 trading days. Here too, the presence of the downward sloping moving average adds to the likelihood that the forecast will soon be realized.

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