USD/CHF just reached the target level 0.9185 that was specified for this pair in the yesterday’s trade opportunity alert that I received through Autochartist’s email subscription. The pair reached this target level a day faster than the expected time period for the realization of this forecast was initially set by Autochartist (2 trading days).
USD/CHF" title="USD/CHF" width="600" height="336">
As you can see from the next trade opportunity alert that I received today for GBP/NZD, Autochartist expects the pair to rise to the target level 1.9031 in 3 trading days. Autochartist sets the stop level for this bullish forecast at 1.8500 (point A on the chart below) which is the last upward support point of the lower support trendline of the Down Channel chart pattern identified by Autochartist. 1.8500 also stands close to the major long-term support 1.8550 which reversed the strong downtrend in July of 2011 (as is shown on the third weekly GBP/NZD chart).
GBP/NZD" title="GBP/NZD" width="600" height="334">
GBP/NZD Weekly" title="GBP/NZD Weekly" width="594" height="596">
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Daily Forex Update: USD/CHF & GBP/NZD
Published 02/08/2013, 04:47 AM
Updated 03/09/2019, 08:30 AM
Daily Forex Update: USD/CHF & GBP/NZD
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