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GBP/CAD continues to rise inside the Down Channel chart pattern identified by Autochartist on the 4-hour charts (as can be seen from the following trade opportunity alert for this pair). The pair is expected to break up above the upper resistance trendline of this Up Channel and to reach the target level 1.5597 (point B on the chart below) in the following 4 trading days. This target level corresponds to the last downward reversal point of the upper trendline of this chart pattern. Autochartist sets the stop level for this bullish forecast at 1.524695 (point A, which is the bottom of the aforementioned Down Channel). This point formed when the pair corrected up from the major long-term support level 1.5250 (which previously stopped and reversed the strong downtrend in July of 2011). The RSI value being less than 40 confirms this bullish forecast.

Here is another Trade Opportunity from Autochartist
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Here is another Trade Opportunity from Autochartist
SIGN UP NOW FOR A FREE TRIAL HERE: https://www.facebook.com/Autochartis...90322544333196

Do you want 70% probability of success? How about 80%?

It has never been easier to find profitable trading opportunities than now!!

“OUR FAVORITES”

We’ve removed the clutter, you now have the choice to select the number of trading opportunities you’d like to
see with highest probability of success. Autochartist’s trading opportunities are evaluated against past
performance with respect to the pattern type, the instrument and the time of day it was identified.
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Two trades I've taken today from Autochartist's new FAVOURITES!!!

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Two trades I've taken today from Autochartist's new FAVOURITES!!! Sign up here: https://www.facebook.com/Autochartis...90322544333196 to get a free trial...

USD/JPY continues to decline after the recent breakout of the uniform Up Channel chart pattern identified by Autochartist on the daily charts (as you can see from the following trade opportunity alert for this currency pair). USD/JPY is expected to fall further toward the target level 90.3294 in the next 5 trading days. This target level stands below the last reversal point of the lower support trendline of this chart pattern (point A on the chart below), which should be broken for the pair to reach 90.3294 .The stop level is set at 96.5815 (point B, which is the top of this chart pattern). It should be noted that this Up Channel breakout follows the previous breakout of the longer-term steep upward trendline from November of last year (as is shown on the second chart below) – which heightens the chances that the pair will fall further in the nearest time.

Daily Forex Update: CAD/JPY

By: Dima Chernovolov

I recently subscribed to Autochartist’s latest e-mail feature and received this trade opportunity alert this morning. Autochartist’s latest feature provides traders with a quick morning technical outlook of the markets.

As you can see from the following trade opportunity alert for CAD/JPY, this currency pair today broke up above the Key Resistance Level 93.566 identified by Autochartist on the 4-hour charts. CAD/JPY is expected to rise to the target level 95.8831 in the following 12 trading days. This Key Level breakout coincided with the breakout of the major long-term resistance level 94.00 (which had previously stopped and reversed the strong uptrend three years ago – in April of 2010, as is shown on the second chart below). At the time of the writing, the pair has already risen sharply up beyond 94.00 – which increases the probability that the target level 95.8831 will be reached within the next 12 days.

Last week we saw some huge Bullish action on the USDJPY pair. Are we going to see some Bearish price reversal? Autochartist seems to think so. https://www.facebook.com/Autochartis...90322544333196

Did you know? Autochartist covers Stock Market's as well as Forex markets. Here are two trade ideas for our Indonesian subscribers from the Indonesian Stock Exchange.

Autochartist is saying that CHFJPY will continue it's bullish movement. What do you think? 108.21 is the target with a 73% Probability based on past performance.

Nice looking trade on GBPUSD

Did you catch this one?

Todays chosen trade is CADJPY....

Here is another Free eurusd Trading Idea from Autochartist. Sign up for a free trial NOW! http://ow.ly/khIf3

Autochartist predicts Bearish Movement on EURCHF with an overall 72% probability.
Forecast : 1.23033
Probability : 72%

Pattern: 70% 784/1122
Symbol: 68% 126/186
Time of Day : 72% 857/1194

#EUR/JPY to reach 129.8845 in 2 days ow.ly/kyGsJ ow.ly/i/20gv1

A great looking set up on Eur/Usd from Autochartist Email Reports. Head and Shoulders pattern forming and a pin bar daily candle to make this trade idea even more bearish.