Open:
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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.
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.
GBP/USD: Bearish Rectangle
GBP/USD,
1 day
SHORT
Jan 3
There is a bearish rectangle determined and the price needs a more steady move as a verification of a breakdown.
A bearish rectangle identifies that the price to go short when price breaks out.
It is not ruled out that a bearish run to 1.245 will be made as weakness continues.
GBP/USD: Falling Wedge
GBP/USD,
1 hour
LONG
46 hours ago
There is a falling wedge poping up, GBP/USD demands an active move as proof of a breakout.
When price breaks out to the the upside, the move could spot the more likely potential of rising prices.
GBP/USD could attempt a move towards 1.222 on a breakout of the falling wedge.
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.
GBP/JPY: Pennant
GBP/JPY,
1 hour
LONG
11 hours ago
There is a pennant diagnosed, the price expects a more active move as proof of a breakout.
In case if price breaks out to the the upside, the resulting move could identify a bullish price move.
A bullish price action towards 191.5 is about to happen on impulse above 191.1.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
2 days ago
It seems like a descending channel happens, GBP/USD wants a further bigger bullish impulse as proof of a breakout.
A descending channel describes a useful price action pattern that is angled down that often indicates that the price to go up if price breaks out to the the upside.
GBP/USD violates bearish trendline towards 1.222 on a breakout of the descending channel.
EUR/USD: Falling Wedge
EUR/USD,
1 hour
LONG
2 days ago
It seems like a falling wedge is almost finished and the price calls for a bigger bullish continuation as a sign of a breakout.
A falling wedge represents a reliable bullish chart pattern that typically results in a bullish move when price breaks out to the the upside.
There is a possibility of a further bullish continuation to the 1.03 level as weakness seen overdone.
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.