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.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
2 days ago
USD/JPY shows an ascending channel.
An ascending channel suggests a useful bearish price formation with an upward bias that is used to spot that the price to go down if price breaks out to the the downside.
USD/JPY violates bullish trendline towards 150.6.
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: Rectangle
EUR/USD,
1 day
LONG
Feb 21
A rectangle appears.
In case if price breaks out, the resulting move could indicate the bears have run out of steam.
EUR/USD to turn bullish to 1.06 on a upside break.
GBP/JPY: Descending Channel
GBP/JPY,
1 day
LONG
Mar 5
There is a descending channel noticed, the price breaks out.
A descending channel is a reliable pattern that is used to spot that the price to go up once price breaks through the resistance.
GBP/JPY is bullish and en route to the 192 mark as the currency pair becomes bullish.
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.
USD/CHF: Descending Channel
USD/CHF,
1 day
SHORT
Feb 15
A descending channel materializes.
A descending channel depicts a chart formation that can be used to identify an extension in the downward direction if price collapses through the support line.
USD/CHF to plummet to 0.895 on a breakdown of the descending channel as the currency pair looks offered.
GBP/JPY: Pennant
GBP/JPY,
1 day
LONG
Mar 13
A pennant forms and the price is close to breaking out now.
A pennant typically signals a further move up if price breaks out.
It is likely that a rangebound towards the 193 level will occur.
GBP/JPY: Rising Wedge
GBP/JPY,
1 hour
SHORT
2 days ago
It looks like a rising wedge comes out.
A rising wedge identifies a useful price signal that can be used to spot reversals in uptrends if price breaks down.
It is not ruled out that extra downside to 195 will be made on a breakout of the rising wedge.
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.