Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/CHF
1H
An ascending channel is nearing completion and usdchf requires a move as an information of a breakout.
An ascending channel is believed to be a specific price action signal that can be used to predict that the price to go down once price breaks down.
It is not ruled out that a bearish price action to the 0.824 level will take place while below 0.8244.
ASCENDING TRIANGLE
EUR/USD
1H
Eurusd shapes an ascending triangle, the price is ready to break out.
An ascending triangle spots prices are likely to keep falling downward in case if price breakdown occurs.
There is a possibility of a move to the 1.122 level on impulse below 1.1226.
DESCENDING TRIANGLE
USD/CAD 1H
It seems like a descending triangle is close to being complete, the price is close to breaking out.
A descending triangle often predicts a sharp decline once price breakdown occurs.
Usdcad to suffer further downside to the 1.407 mark while lower than 1.407 as the currency pair becomes offered.
ASCENDING TRIANGLE
AUD/USD
1H
We can see that an ascending triangle is detected and the price asks for a next steady move for clear breakout confirmation.
An ascending triangle results in that prices are likely to keep rallying upward in case if price breaks out to the the upside.
Audusd risks a move towards the 0.699 level on impulse above 0.699.
DESCENDING CHANNEL
GBP/USD
1H
We can see that a descending channel is close to being complete and the price is ready to break out soon.
Once price breaks above resistance, the move could predict a change in the prevailing trend.
There is a possibility of a rangebound towards 1.334.
RISING WEDGE
GBP/JPY 1H
There is a rising wedge arising, the price is going to break out.
A rising wedge is said to depict a useful price formation that signals a move down if price breakdown occurs.
It is likely that decline to the 210.8 zone will happen.
RISING WEDGE
USD/JPY
1H
There is a rising wedge coming out and the price is about to break out soon.
A rising wedge often signals a temporary interruption during a rising market when price breaks down.
Decline towards 158.2 is going to happen.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle determined.
When price breaks out to the the upside, the move could indicate that the price to go up.
There is a probability of a move towards 1.334 on impulse above 1.332.
FALLING WEDGE
EUR/USD
1H
A falling wedge occurs and the price is about to break out soon.
A falling wedge often results in that prices are likely to keep rallying upward when price breaks above resistance.
Eurusd to continue the appreciation trend to 1.124 as the currency pair probes 1.122 hurdle.
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