Open:
High:
Low:
Close:
RECTANGLE
GBP/JPY 1H
There is a rectangle appearing.
When price breaks above resistance, the resulting move could identify the more likely potential of rising prices.
It is likely that a bullish push up towards 211.4 will form once beyond 211.25.
DESCENDING TRIANGLE
EUR/USD
1H
It seems like a descending triangle is encountered, the price is ready to break out.
A descending triangle typically spots extending an uptrend when price breaks above resistance.
A move towards 1.156 is likely to happen once beyond 1.154 as eurusd challenges 1.154 hurdle.
ASCENDING CHANNEL
USD/CAD 1H
As we can see the price forms an ascending channel, the price is going to break out.
An ascending channel is considered to be a specific bearish price indicator that often indicates a break in the price direction in case if price breaks out to the the downside.
There is a possibility of a rangebound towards 1.392 as the currency pair probes 1.392 hurdle.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel appearing.
In case if price breaks down, the resulting move could spot a move down.
Usdjpy looks for a setback to 159.4.
PENNANT
USD/CAD 4H
There is a pennant emerging, the price demands a further active move as a signal of a breakout.
A pennant typically identifies a further move up in case if price breaks out.
It is possible that a bullish move to 1.394 will form on a breach of 1.392 as usdcad challenges 1.392 hurdle.
BULLISH FLAG
EUR/USD
1H
A bullish flag is close to being completed.
A bullish flag results in a bullish move once price breaks through the resistance.
There is a possibility of a bullish continuation to 1.156 on a breach of 1.1545.
BULLISH FLAG
GBP/JPY 1H
There is a bullish flag emerging and the price is ready to break out.
A bullish flag identifies a technical pattern with a downward bias that is used to signal a move up if price breaks through the resistance.
Gbpjpy to push up to 211.2.
DESCENDING CHANNEL
NZD/USD 1H
A descending channel has been found, nzdusd requires a bit more consolidation as an information of a breakout.
A descending channel tends to be a reliable bullish price formation that is angled down that can be used to spot a bullish move when price breaks through the resistance.
Nzdusd to extend its rebound towards 0.574.
FALLING WEDGE
GBP/JPY 4H
A falling wedge is almost finished.
A falling wedge suggests a reliable signal that can be used to signal that prices are likely to keep rallying upward in case if price breaks through the resistance.
Gbpjpy to maintain its positive tone towards 212.
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