Autochartist - Daily Forex Update: AUD/USD & USD/CHF
By Dima Chernovolov | February 7, 2013 6:21 AM EST
I recently subscribed to Autochartist's latest e-mail feature and received these trade opportunity alerts. Autochartist's latest feature provides traders with a quick morning technical outlook of the markets
AUD/USD today reached the target level that was set for this currency pair in the following trade opportunity alert that I received yesterday through Autochartist's email subscription. The pair started the day on a strongly bearish note - continuing the previous sharp downward impulse from the long-term resistance at 1.0600. The downward pressure quickly brought the pair down to 1.0366 - in line with the time specified in this trade opportunity alert (next 21 hours).
As you can see from the next opportunity alert for USD/CHF that I received today, Autochartist expects the pair to rise to the target level 0.9185 in the following 2 trading days - as a result of the previous breakout of the 4-hour Triangle chart pattern identified by Autochartist. The stop-level for this bullish forecast is set at 0.90565 (point A, which corresponds to the last upward reversal point of the lower support trendline of the broken Triangle).
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