Open:
High:
Low:
Close:
DESCENDING CHANNEL
EUR/USD
4H
We can see that eurusd sets up a descending channel, eurusd asks for a more active bullish continuation to confirm descending channel breakout.
A descending channel is a useful signal that typically predicts a further move up once price breaks out to the the upside.
Eurusd to enjoy a considerable gain towards the 1.16 level on a upside break.
RECTANGLE
USD/CHF
1H
A rectangle forms, usdchf expects a further move as a verification of a breakout.
In case if price breaks out to the the upside, the move could spot a next move up.
Usdchf points to the upside to 0.8015.
ASCENDING CHANNEL
AUD/USD
1H
It seems like the price builds an ascending channel and audusd asks for a next move for clear breakdown confirmation.
An ascending channel provides a bearish pattern that can be used to predict that the price to go short when price breakdown occurs.
Audusd risks potential downside to 0.684 on a breakout of the ascending channel as the currency pair becomes bearish.
RISING WEDGE
USD/CAD 1H
Usdcad forms a rising wedge and the price is ready to break out.
A rising wedge suggests a price action signal that spots price heading to a new direction when price breaks below support.
It is not ruled out that corrective downside to 1.393 will be made on a breakout of the rising wedge.
DESCENDING TRIANGLE
AUD/USD
1H
A descending triangle is close to being complete and audusd demands a next bigger bullish action as an indication of a breakout.
A descending triangle is considered to be a reliable indicator that typically indicates the more likely potential of rising prices if price breaks out.
It is likely that a bullish push up towards the 0.688 mark will occur while above 0.6868 as audusd nears 0.6868 hurdle.
FALLING WEDGE
NZD/USD 1H
It seems like a falling wedge takes place and nzdusd demands a further strong move as a verification of a breakout.
A falling wedge is believed to be a chart formation that can be used to identify a tendency to break in the opposite direction when price breaks out to the the upside.
Nzdusd turns higher to 0.573 as outlook for nzdusd stays positive.
DESCENDING CHANNEL
GBP/USD
4H
A descending channel occurs and the price requests a strong bullish action to confirm a breakout.
A descending channel often predicts reversals in downtrends once price breaks through the resistance.
Gbpusd could attempt a move to the 1.33 zone on a breakout of the descending channel.
ASCENDING CHANNEL
USD/CAD 4H
We can see that an ascending channel is close to being completed and the price requires a more active bearish impulse for clear breakout confirmation.
An ascending channel suggests a chart indicator that predicts an upward trend is about to reverse into an downward trend in case if price breaks out to the the downside.
It is not ruled out that corrective downside towards 1.39 will take place on a breach of 1.392.
BULLISH RECTANGLE
USD/CHF
1H
There is a bullish rectangle occuring.
A bullish rectangle spots that the price to go long when price breaks out.
Usdchf to move up to 0.801.
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