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ASCENDING TRIANGLE
USD/CAD 1H
Usdcad creates an ascending triangle and usdcad expects a more active move as an indication of a breakout.
An ascending triangle is believed to be a technical price action indicator that can be used to identify that the price to go up in case if price breaks above resistance.
Usdcad to continue higher to 1.416 on a break above 1.4135.
PENNANT
GBP/JPY 1H
A pennant is distinguished and the price is breaking out.
A pennant represents a compelling formation that typically indicates that the price to go up when price breaks above resistance.
A rangebound towards 212.2 looks likely.
DESCENDING CHANNEL
EUR/USD
1H
It looks like a descending channel is very close to being finished, the price is close to breaking out.
When price breaks out, the move could spot a change in the prevailing trend.
Eurusd looks ready to further extend its gains to the 1.12 zone on a breakout of the descending channel.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel has been noticed.
An ascending channel represents an indicator that can be used to signal that the price to go short once price breaks down.
Usdjpy could recede to the 157.8 zone.
DESCENDING CHANNEL
NZD/USD 4H
A descending channel is almost completed, the price needs a bullish action to confirm descending channel breakout.
A descending channel denotes a bullish price indicator that can be used to predict a downward trend is nearing its end if price breaks out to the the upside.
Nzdusd risks a move towards the 0.564 mark.
FALLING WEDGE
AUD/USD
1H
A falling wedge is close to being finished.
A falling wedge is said to depict a bullish pattern that has a downward slope that can be used to indicate a further move up if price breaks out.
Audusd to enjoy a considerable gain to 0.69.
DESCENDING CHANNEL
GBP/JPY 1H
There is a descending channel occuring and gbpjpy wants a further move as a clue of a breakout.
A descending channel typically results in that the price to go long when price breaks above resistance.
It is possible that a bullish price action to 211.8 will form on a breakout of the descending channel as gbpjpy nears 211.7 hurdle.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel appearing.
A descending channel is considered to be a compelling chart indicator that predicts a bullish price action if price breaks out.
Eurusd embarks on a bullish correction to the 1.118 zone.
ASCENDING CHANNEL
USD/CHF
1H
As we can see an ascending channel has been exposed and the price is ready to break out.
An ascending channel tends to be a compelling bearish price indicator that often signals an extension in the downward direction if price breaks through the support.
Usdchf risks potential downside to the 0.818 zone amid usdchf recedes from recent highs.
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