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.
EUR/NZD continues to rise after the recent breakout of the 4-hour Triangle chart pattern identified by Autochartist. As can be seen from the following opportunity alert based on this Triangle breakout, the pair is expected to rise further in the direction of the target level 1.6315 in the next 20 hours. Autochartist sets the stop level for this bullish forecast at 1.57505 (point A on the chart below) which corresponds to the previous upward reversal point of the lower support trendline of the broken Triangle. The bottom of this chart pattern formed when the pair corrected up from the combined support area made out of the support level 1.5600 and the former long-term resistance trendline from the start of 2011 which has been recently broken and is acting as support now. The pair is set to rise further toward the target level 1.6315 in the next 20 hours.
To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.
EUR/NZD" title="EUR/NZD" width="600" height="344">
The following daily EUR/NZD chart shows the technical price levels mentioned above:
EUR/NZD" title="EUR/NZD" width="594" height="590">
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Daily Forex Update: EUR/NZD
Published 01/29/2013, 06:30 AM
Updated 03/09/2019, 08:30 AM
Daily Forex Update: EUR/NZD
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