Open:
High:
Low:
Close:
BEARISH RECTANGLE
NZD/USD 1H
We can see that a bearish rectangle is very close to being completed, nzdusd calls for a more active bearish move as an information of a breakout.
A bearish rectangle is considered to be a price action signal that can be used to indicate a next move down in case if price breaks out to the the downside.
Nzdusd to continue the dereciation trend towards 0.5705 as the currency pair nears 0.5706 hurdle.
SYMMETRICAL TRIANGLE
USD/CAD 1H
As we can see a symmetrical triangle forms.
A symmetrical triangle suggests a pattern that can be used to identify that prices are likely to keep rallying upward in case if price breaks above resistance.
It is not ruled out that a bullish move to the 1.393 level will happen on a breach of 1.3926.
DESCENDING TRIANGLE
USD/CHF
1H
The price completes a descending triangle and the price is ready to break out now.
When price breaks through the resistance, the resulting move could signal a downward trend is about to reverse into an upnward trend.
It is possible that a rangebound towards 0.7985 will take place as there is a chance for a upside correction.
PENNANT
EUR/USD
1H
It looks like a pennant is determined, the price needs a bullish impulse for the certainty of breakout.
A pennant can be thought of as a technical indicator that indicates an extension in the upward direction when price breaks above resistance.
There is a possibility of a move to 1.155 on a breakout of the pennant.
PENNANT
GBP/USD
1H
There is a pennant coming out.
If price breakdown occurs, the resulting move could spot a next move down.
There is a possibility of corrective downside towards 1.323 as outlook for the currency pair stays negative.
DESCENDING TRIANGLE
NZD/USD 1H
A descending triangle is detected and the price is breaking out.
Once price breaks above resistance, the resulting move could identify extending an uptrend.
Nzdusd to enjoy a considerable gain towards 0.571 on a break above 0.571.
ASCENDING CHANNEL
USD/CAD 1H
There is an ascending channel appearing, usdcad needs a next bigger bearish action to confirm a breakdown.
An ascending channel suggests a specific bearish chart pattern that is angled up that typically signals that prices move counter to the prevailing price trend when price breakdown occurs.
Usdcad violates bullish trendline to the 1.391 mark on a breakdown of the ascending channel amid usdcad recedes from recent highs.
DESCENDING TRIANGLE
AUD/USD
1H
A descending triangle forms and the price is breaking out.
If price breaks out to the the upside, the move could indicate a sharp rise.
A bullish run to the 0.692 level looks possible.
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle has been observed.
If price breaks out, the move could spot that the price to go down.
Usdjpy set to lose more ground towards the 159.4 mark as indicators turn bearish.
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