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FALLING WEDGE
AUD/USD
1H
There is a falling wedge encountered and the price is about to break out soon.
When price breaks out, the resulting move could predict a temporary interruption during a falling market.
Audusd hints a change to the upside towards the 0.692 mark.
SYMMETRICAL TRIANGLE
GBP/JPY 1H
It seems like the price develops a symmetrical triangle, gbpjpy requests a bearish action to confirm a breakdown.
A symmetrical triangle tends to be an indicator that can be used to indicate a next move down once price breaks out to the the downside.
Gbpjpy turns bearish towards the 210.5 level once below 210.7 as outlook for the currency pair stays negative.
RECTANGLE
USD/CAD 1H
It seems like a rectangle is close to being finished and the price breaks out.
A rectangle represents a technical formation that is used to signal a move up if price breaks out to the the upside.
Usdcad challenges a move towards the 1.392 level.
RISING WEDGE
GBP/JPY 1H
There is a rising wedge materializing.
A rising wedge tends to be a technical bearish signal that indicates that the price to go short if price collapses through the support line.
There is a probability of a bearish run to the 210.5 zone on a break below 211.1 amid rising bets for the move.
ASCENDING CHANNEL
EUR/USD
1H
We can see that an ascending channel is recognized.
If price breaks below support, the resulting move could indicate reversals in uptrends.
A bearish move towards the 1.158 mark looks probable as upside pressure seen easing.
ASCENDING CHANNEL
GBP/USD
1H
We can see that an ascending channel is close to being complete.
An ascending channel is said to depict a compelling chart pattern that often spots price heading to a new direction in case if price breaks out.
Gbpusd to suffer a steeper decline to 1.325 on a breakout of the ascending channel as the currency pair becomes depressed.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle spotted and the price demands a next bigger move for the certainty of breakout.
An ascending triangle results in that prices are likely to keep rallying upward if price breaks through the resistance.
There is a chance of a bullish push up towards the 159 level as bullish momentum increases.
ASCENDING CHANNEL
NZD/USD 1H
As we can see an ascending channel is encountered, the price requests a more bigger move as an indication of a breakdown.
An ascending channel often identifies a move down if price breaks through the support.
Nzdusd is at risk of resuming its decline to 0.574 on impulse below 0.5748.
FALLING WEDGE
USD/CAD 1H
There is a falling wedge developing and usdcad requests an active bullish action as a signal of a breakout.
If price breaks out, the move could identify a countertrend succeeding the current trend.
A bullish continuation towards the 1.39 mark is about to happen once beyond 1.389 as the currency pair is at a brink of a bullish breakout.
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