Autochartist earlier sent the following trade opportunity alert for EUR/CAD which stated that this currency pair will reach the Target Level 1.3277 in the next 19 hours. The pair continued to advance from the time I received this alert and today reached the indicated target level 1.3277 – with a sharp upward price thrust.
Today I also received the following trade opportunity alert for GBP/NZD, which indicates that the pair will fall to the target level 1.8707 in the next 2 trading days. The stop-price for this downward forecast is set at 1.96301, which is the last resistance point of the Triangle chart pattern identified by Autochartist – which was broken recently. Downward sloping moving average confirms this bearish forecast as is the fact that the pair recently broke through the strong support level 1.9000 (which earlier reversed the pair sharply up in August of 2012, as is shown on the 3rd chart below).
GBP/NZD" title="GBP/NZD" width="600" height="342">
The following daily GBP/NZD chart shows the previous price action close to support level 1.9000:
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EUR/CAD To Reach 1.3277 Target Level
Published 01/24/2013, 05:20 AM
Updated 03/09/2019, 08:30 AM
EUR/CAD To Reach 1.3277 Target Level
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