Open:
High:
Low:
Close:
FALLING WEDGE
AUD/USD
1H
There is a falling wedge appearing.
If price breaks above resistance, the resulting move could indicate that the price to go up.
Audusd to look for a further push to the 0.662 zone while above 0.661.
DESCENDING TRIANGLE
NZD/USD 4H
A descending triangle is exposed and the price is breaking out.
A descending triangle is believed to be a chart indicator that indicates a bearish move in case if price breakdown occurs.
There is a probability of a bearish move to 0.574 as the currency pair becomes bearish.
DESCENDING CHANNEL
GBP/JPY 4H
There is a descending channel turning up.
A descending channel depicts a specific bullish pattern that is angled down that spots a bullish price action in case if price breaks out.
There is a chance of a bullish move to the 208.5 level.
ASCENDING CHANNEL
USD/CAD 1H
As we can see an ascending channel is very close to being completed.
An ascending channel typically spots the more likely potential of falling prices once price breaks below support.
A rangebound to 1.378 is probable.
DESCENDING TRIANGLE
NZD/USD 1H
There is a descending triangle spotted, the price is breaking out.
A descending triangle typically predicts prices are likely to keep falling downward once price breaks through the support.
Nzdusd risks further decline towards 0.5765 as there is a chance of further weakness.
DESCENDING TRIANGLE
GBP/JPY 1H
There is a descending triangle turning up.
In case if price breaks out to the the upside, the move could identify a bullish move.
Gbpjpy to push up towards 208 as uptrend may continue.
RISING WEDGE
USD/CAD 1H
There is a rising wedge exposed and usdcad wants a more move as a sign of a breakout.
When price breaks out, the resulting move could predict a bearish move.
Usdcad to resume its downfall towards 1.376 as the currency pair becomes depressed.
BULLISH FLAG
GBP/JPY 4H
We can see that a bullish flag emerges, the price requires a bullish action as a sign of a breakout.
When price breaks through the resistance, the resulting move could signal a further move up.
It is likely that a further bullish push up to 208.5 will form.
RISING WEDGE
USD/CHF
1H
A rising wedge appears and the price is ready to break out now.
A rising wedge indicates a temporary interruption during a rising market when price breakdown occurs.
Usdchf pulls back towards the 0.796 mark on a breakout of the rising wedge as usdchf becomes vulnerable.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.