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USD/CAD: Descending Triangle
USD/CAD,
1 hour
SHORT
16 hours ago
USD/CAD completes a descending triangle, the price lacks a bigger move as a clue of a breakout.
A descending triangle tends to be a specific chart pattern that spots a bearish move in case if price breaks out to the the downside.
It is likely that extra downside towards 1.232 will take place on a breakout of the descending triangle.
AUD/USD: Ascending Channel
AUD/USD,
1 day
SHORT
May 29
An ascending channel is close to being done, the price is going to break out.
An ascending channel denotes a specific bearish price action pattern that can be used to predict prices are likely to keep falling downward once price breaks through the support.
There is a probability of a bearish move towards the 0.765 level on a break below 0.772.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
16 hours ago
There is a bullish flag poping up, GBP/USD asks for a strong move as proof of a breakout.
A bullish flag typically signals the more likely potential of rising prices in case if price breaks above resistance.
It is likely that a bullish run towards the 1.398 zone will occur on a breach of 1.394.
NZD/USD: Ascending Channel
NZD/USD,
1 day
SHORT
Jun 4
An ascending channel is uncovered and NZD/USD asks for a next bigger bearish impulse as an information of a breakdown.
An ascending channel predicts a move down when price breakdown occurs.
It is not ruled out that a bearish move towards the 0.71 zone will occur as the currency pair probes 0.716 hurdle.
EUR/USD: Ascending Channel
EUR/USD,
1 day
SHORT
Jun 4
There is an ascending channel observed and the price is ready to break out soon.
An ascending channel identifies a compelling bearish signal that is used to indicate extending an downtrend once price breaks below support.
EUR/USD accelerates losses to 1.19 on a breakdown of the ascending channel as upside pressure alleviates.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
6 days ago
We can see that an ascending channel is spotted, the price is ready to break out soon.
An ascending channel is said to depict a reliable signal that results in a bearish price move in case if price breaks below support.
EUR/USD is at risk of extending its slump towards 1.211 on a breakdown of the ascending channel as bears looking for downside correction.
USD/CAD: Falling Wedge
USD/CAD,
1 day
LONG
Jun 4
We can see that the price completes a falling wedge.
A falling wedge provides a specific formation with a downward bias that often indicates a break during a downtrending market once price breaks above resistance.
There is a possibility of a further bullish push up to the 1.22 zone on a upside break as outlook for USD/CAD stays positive.
GBP/USD: Rising Wedge
GBP/USD,
1 day
SHORT
Jun 10
It looks like the price composes a rising wedge, GBP/USD requests a move as a clue of a breakout.
If price breaks below support, the resulting move could predict a temporary interruption during a rising market.
GBP/USD targets a move to 1.39.
USD/CHF: Falling Wedge
USD/CHF,
1 day
LONG
Jun 4
There is a falling wedge discovered and USD/CHF requests a bit more consolidation for the certainty of breakout.
If price breaks through the resistance, the resulting move could signal a move up.
There is a possibility of a further rangebound towards the 0.91 mark on a breakout of the falling wedge as downside pressure seen easing.
EUR/USD: Ascending Channel
EUR/USD,
1 day
SHORT
Jun 12
There is an ascending channel encountered, EUR/USD demands an active move for the certainty of breakdown.
An ascending channel indicates an upward trend is about to reverse into an downward trend once price breaks below support.
There is a chance of a bearish run towards 1.205.
AUD/USD: Ascending Triangle
AUD/USD,
1 hour
SHORT
6 days ago
There is an ascending triangle emerging and AUD/USD asks for a more bearish continuation as an information of a breakout.
An ascending triangle provides a chart formation that indicates a bearish price move when price breaks below support.
There is a probability of a rangebound towards the 0.769 zone on a breach of 0.7705.
USD/CAD: Bullish Flag
USD/CAD,
1 hour
LONG
6 days ago
A bullish flag is found, the price is close to breaking out now.
A bullish flag suggests a specific price action indicator that typically predicts a bullish price move once price breaks out to the the upside.
A bullish run to 1.221 is on the cards once beyond 1.2195.