Open:
High:
Low:
Close:
USD/CAD: Rectangle
USD/CAD,
1 day
LONG
Mar 23
A rectangle is almost finished and USD/CAD wants a more move for clear breakout confirmation.
A rectangle typically identifies the bears have run out of steam once price breaks out.
USD/CAD challenges a move towards the 1.365 mark on a breach of 1.36 as indicators favor bulls.
NZD/USD: Ascending Channel
NZD/USD,
1 hour
SHORT
Apr 12
An ascending channel develops and the price is breaking out.
An ascending channel signals price heading to a new direction once price breakdown occurs.
It is not ruled out that decline to 0.597 will happen on impulse below 0.5978.
USD/CHF: Bearish Flag
USD/CHF,
4 hours
SHORT
Jul 6
We can see that a bearish flag is found.
A bearish flag typically identifies extending an downtrend if price breaks through the support.
USD/CHF pulls away from recent highs towards 0.894.
GBP/JPY: Ascending Triangle
GBP/JPY,
4 hours
SHORT
5 days ago
There is an ascending triangle poping up, the price lacks a further active move as an indication of a breakout.
An ascending triangle signals a move down once price breaks down.
A move to 196.5 is on the cards while lower than 197.1 as extra rangebound not ruled out.
EUR/USD: Bearish Rectangle
EUR/USD,
1 hour
SHORT
Mar 28
There is a bearish rectangle spotted and the price requires a more active correction as a verification of a breakdown.
A bearish rectangle is believed to be a useful bearish pattern that typically indicates that the price to go down once price breaks out.
EUR/USD could attempt a move towards 1.0805 as outlook for the currency pair stays negative.
NZD/USD: Descending Channel
NZD/USD,
1 hour
LONG
Nov 14
A descending channel has been encountered.
A descending channel typically predicts an interruption of a downtrend if price breaks through the resistance.
NZD/USD risks a move towards 0.5885 on a breakout of the descending channel as the currency pair resumes the upside.
EUR/USD: Bearish Flag
EUR/USD,
4 hours
SHORT
Nov 6
It seems like a bearish flag is close to completion, the price breaks out.
When price collapses through the support line, the resulting move could spot a break in the price direction.
There is a possibility of a further rangebound to the 1.08 zone.
NZD/USD: Pennant
NZD/USD,
1 hour
SHORT
Mar 4
It seems like a pennant is close to being done, the price lacks a next bigger move to confirm a breakdown.
A pennant tends to be a compelling price action signal that identifies a sharp decline when price breaks through the support.
It is not ruled out that a bearish push down to 0.6095 will take place as NZD/USD is at a brink of a bearish breakout.
NZD/USD: Symmetrical Triangle
NZD/USD,
1 hour
SHORT
Mar 5
There is a symmetrical triangle distinguished, NZD/USD lacks a further steady bearish action to confirm a breakout.
A symmetrical triangle describes a compelling signal that is used to predict an extension in the downward direction once price collapses through the support line.
NZD/USD risks a move to 0.609 on a breakout of the symmetrical triangle.
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
LONG
Mar 19
There is an ascending triangle turning up, USD/JPY calls for a further bigger move as evidence of a breakout.
An ascending triangle depicts a compelling bullish price action signal that is used to identify a bullish price action when price breaks out.
It is not ruled out that a bullish move towards the 149.4 mark will occur.
USD/CAD: Bullish Rectangle
USD/CAD,
1 hour
LONG
Apr 12
As we can see a bullish rectangle materializes, the price requires a further steady bullish impulse as proof of a breakout.
A bullish rectangle denotes a compelling price action indicator that can be used to indicate that the price will rally further if price breaks out.
There is a chance of a bullish move towards the 1.373 level.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jul 11
There is an ascending channel recognized.
An ascending channel is considered to be a bearish price action indicator that is used to spot a bearish move if price breaks below support.
A bearish continuation towards 161.5 is about to happen as bears seeking a new low.