Open:
High:
Low:
Close:
PENNANT
NZD/USD 1H
We can see that a pennant is observed and the price lacks a more active move as a verification of a breakdown.
A pennant signals extending an downtrend in case if price collapses through the support line.
Nzdusd now looks towards 0.576 amid rising bets for the move.
RECTANGLE
USD/JPY
1H
A rectangle is almost completed.
A rectangle is said to depict a chart pattern that can be used to predict that the price will rally further in case if price breaks out.
Usdjpy to peak to 155.6 amid the currency pair reclaims part of the ground lost.
ASCENDING CHANNEL
GBP/JPY 1H
Gbpjpy builds an ascending channel, the price wants a more bearish action as a signal of a breakdown.
In case if price breaks down, the resulting move could identify a next move down.
There is a chance of a bearish push down to the 207.2 level as door open for a test of 207.2.
FALLING WEDGE
USD/JPY
4H
As we can see usdjpy builds a falling wedge and usdjpy requires a next strong bullish move as a sign of a breakout.
When price breaks out, the move could predict price reversal after a pause.
Usdjpy challenges a move to 155.5 as bulls seeking a new high.
ASCENDING TRIANGLE
GBP/USD
4H
There is an ascending triangle determined.
If price breaks through the support, the move could identify a pause in an uptrending market.
Gbpusd is at risk of resuming its decline to 1.335.
DESCENDING CHANNEL
USD/CAD 1H
There is a descending channel discovered, the price is breaking out.
A descending channel typically spots the more likely potential of rising prices once price breaks out to the the upside.
Usdcad risks a move towards 1.378.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel uncovered, the price is close to breaking out soon.
When price breaks through the support, the resulting move could identify a move down.
Gbpusd dives out bullish trendline towards the 1.338 zone on a breach of 1.3385.
DESCENDING CHANNEL
USD/CHF
1H
It seems like a descending channel takes place.
A descending channel is believed to be a compelling signal that can be used to indicate a move up in case if price breaks out to the the upside.
A bullish continuation to 0.797 is not ruled out as the wind continues blowing in favor of usdchf.
DESCENDING CHANNEL
USD/CAD 1H
A descending channel arises and the price is breaking out.
A descending channel typically identifies a further move up if price breaks through the resistance.
Usdcad to have better chances of advancing towards 1.378 as the wind continues blowing in favor of the currency pair.
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