Open:
High:
Low:
Close:
ASCENDING CHANNEL
GBP/JPY 1H
There is an ascending channel uncovered, the price is close to breaking out.
An ascending channel represents a technical signal that is used to predict a bearish price move in case if price breaks down.
Gbpjpy to fall towards 211 on a breakdown of the ascending channel.
ASCENDING CHANNEL
AUD/USD
1H
There is an ascending channel revealed and audusd wants a further bigger move as a sign of a breakout.
An ascending channel spots a sharp decline when price breaks out to the the downside.
Audusd to head towards the 0.67 zone on a breakout of the ascending channel.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel pops up, usdjpy requires an impulse up as an indication of a breakout.
A descending channel denotes a technical price action pattern that has a downward slope that typically identifies a further move up when price breaks above resistance.
It is not ruled out that a rangebound to 156.6 will happen on a breach of 156.4.
RISING WEDGE
GBP/JPY 1H
The price shapes a rising wedge.
A rising wedge suggests a compelling bearish price signal that often results in a tendency to break in the opposite direction when price collapses through the support line.
Gbpjpy set to plunge towards 211.5 amid the currency pair recedes from tops.
FALLING WEDGE
USD/CHF
1H
There is a falling wedge revealed.
In case if price breaks out, the resulting move could identify a bullish price action.
Usdchf points to the upside to 0.792 on a upside break.
DESCENDING CHANNEL
EUR/USD
4H
A descending channel is detected and the price demands a bit more consolidation for the certainty of breakout.
A descending channel typically results in a move up in case if price breaks out.
There is a chance of a bullish continuation towards the 1.174 mark on a upside break.
DESCENDING CHANNEL
USD/CAD 1D
A descending channel is found.
A descending channel often predicts an interruption of a downtrend in case if price breaks above resistance.
Usdcad turns higher towards 1.39 once above 1.378 as weakness seen overdone.
RECTANGLE
AUD/USD
4H
We can see that a rectangle is close to being completed, the price expects active push up to confirm a breakout.
A rectangle identifies an extension in the upward direction when price breaks out.
Audusd challenges a move to the 0.672 level as bulls seeking a new high.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel encountered and the price requires a strong move as an indication of a breakout.
A descending channel tends to be a specific bullish price action formation that can be used to indicate a move up once price breaks out.
It is likely that a rangebound towards 1.174 will happen on a breach of 1.1725 as downside pressure alleviates.
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