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.
GBP/JPY: Rising Wedge
GBP/JPY,
4 hours
SHORT
Jul 1
There is a rising wedge identified and GBP/JPY expects next bigger push down for the certainty of breakdown.
A rising wedge can be thought of as a reliable chart signal that often signals that the price to go short once price breakdown occurs.
It is likely that a move towards 197 will be made once below 197.5 amid rising bets for the move.
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: Descending Triangle
USD/CHF,
1 hour
SHORT
Apr 2
We can see that a descending triangle has been noticed.
Once price breaks out, the resulting move could predict a further move down.
USD/CHF is at risk of extending its slump towards 0.88.
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.
USD/CHF: Ascending Channel
USD/CHF,
4 hours
SHORT
Apr 3
There is an ascending channel diagnosed, the price is going to break out soon.
In case if price breaks through the support, the resulting move could spot that the price to go down.
It is not ruled out that a bearish move towards 0.878 will form on a break below 0.8795.
EUR/USD: Descending Channel
EUR/USD,
1 hour
LONG
Apr 2
GBP/JPY: Rising Wedge
GBP/JPY,
4 hours
SHORT
Jun 30
There is a rising wedge happening, the price is ready to break out.
Once price breaks out, the resulting move could identify a breakdown is likely to occur.
Extra downside to 197.5 looks probable.
GBP/USD: Rectangle
GBP/USD,
1 hour
LONG
2 days ago
There is a rectangle spotted, the price is breaking out.
A rectangle is considered to be a chart signal that predicts a bullish price action if price breaks out to the the upside.
It is likely that a bullish price action towards 1.324 will form.
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.
USD/CAD: Ascending Channel
USD/CAD,
4 hours
SHORT
Oct 21
An ascending channel is close to being completed, the price is close to breaking out now.
In case if price breakdown occurs, the resulting move could identify that the price to go short.
Usdcad to turn bearish to the 1.401 level on a break below 1.4015.
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.