Open:
High:
Low:
Close:
ASCENDING CHANNEL
AUD/USD
1H
There is an ascending channel recognized and the price is going to break out.
An ascending channel spots a bearish price action in case if price breaks out.
Audusd to nosedive towards 0.69 as audusd sticks to the negative mood.
ASCENDING CHANNEL
AUD/USD
1H
It seems like an ascending channel is distinguished.
An ascending channel typically results in a countertrend succeeding the current trend once price breaks down.
A bearish continuation to the 0.69 level is on the way.
RISING WEDGE
GBP/USD
1H
There is a rising wedge detected.
If price breaks down, the resulting move could predict an extension in the downward direction.
Gbpusd to accomodate towards the 1.325 mark.
ASCENDING CHANNEL
EUR/USD
1H
Eurusd completes an ascending channel.
An ascending channel often signals that prices move counter to the prevailing price trend once price breaks out.
There is a chance of further decline to 1.155 on a breach of 1.16.
ASCENDING CHANNEL
NZD/USD 1H
There is an ascending channel discovered, the price is ready to break out.
If price breaks out, the move could identify an extension in the downward direction.
A further bearish push down towards 0.574 is not ruled out while lower than 0.5755 as weakness continues.
FALLING WEDGE
USD/CAD 1H
There is a falling wedge arising and the price is going to break out.
Once price breaks above resistance, the resulting move could predict a bullish move.
There is a possibility of a move to 1.392 on a breach of 1.39.
SYMMETRICAL TRIANGLE
GBP/JPY 1H
Gbpjpy shapes a symmetrical triangle and the price is going to break out now.
A symmetrical triangle provides a technical pattern that results in a sharp rise if price breaks above resistance.
A bullish continuation towards the 211.5 level is not ruled out amid gbpjpy reclaims part of the ground lost.
DESCENDING CHANNEL
USD/JPY
1H
We can see that a descending channel is determined and usdjpy needs a bit more consolidation as proof of a breakout.
When price breaks through the resistance, the resulting move could indicate a further move up.
Usdjpy to look for a further push towards the 159 zone on a breach of 158.8.
DESCENDING CHANNEL
EUR/USD
4H
As we can see the price composes a descending channel and the price asks for a bigger bullish move as an indication of a breakout.
A descending channel typically indicates a downward trend is nearing its end if price breaks above resistance.
There is a possibility of a bullish price action to the 1.165 level.
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