Open:
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DESCENDING CHANNEL
GBP/USD
1H
It looks like gbpusd completes a descending channel and the price is about to break out soon.
A descending channel represents a bullish formation that typically indicates that the price to go up once price breaks above resistance.
Gbpusd to continue higher towards 1.36.
ASCENDING CHANNEL
USD/CHF
1H
It looks like the price builds an ascending channel.
Once price breakdown occurs, the resulting move could spot an upward trend is nearing its end.
Usdchf does not rule out a move towards 0.769 on a breakout of the ascending channel.
ASCENDING CHANNEL
USD/CAD 1H
As we can see an ascending channel arises and the price is about to break out soon.
An ascending channel depicts a bearish signal that can be used to spot an extension in the downward direction if price breaks out.
Usdcad risks extra losses towards 1.362 while lower than 1.3635 as outlook for the currency pair stays negative.
RECTANGLE
NZD/USD 1H
There is a rectangle recognized and nzdusd requires a bit more consolidation for the certainty of breakout.
A rectangle predicts the more likely potential of rising prices if price breaks out.
Nzdusd to move upward to the 0.606 level.
ASCENDING CHANNEL
USD/CHF
1H
An ascending channel has been uncovered.
Once price collapses through the support line, the move could predict that the price to go short.
It is likely that a further rangebound to the 0.769 zone will form.
BULLISH FLAG
EUR/USD
4H
It seems like eurusd sets up a bullish flag.
When price breaks through the resistance, the move could signal an extension in the upward direction.
There is a chance of a bullish push up towards 1.186.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel has been discovered.
A descending channel is believed to be an indicator that spots a further move up once price breaks out to the the upside.
It is possible that a bullish move to the 1.186 level will occur.
DESCENDING CHANNEL
AUD/USD
1H
There is a descending channel observed and audusd requires strong push up for clear breakout confirmation.
A descending channel describes a bullish chart indicator that is used to predict an interruption of a downtrend once price breaks out.
Audusd aims to complete a retracement towards 0.709 on a breakout of the descending channel as bulls looking for profit.
ASCENDING CHANNEL
USD/CAD 1H
It looks like an ascending channel comes out.
An ascending channel results in a bearish price action if price breaks out.
A rangebound towards the 1.362 mark is likely to happen on a breach of 1.364 as the currency pair becomes depressed.
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