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GBP/JPY: Ascending Channel

GBP/JPY, 4 hours    SHORT 6 days ago
As we can see an ascending channel has been determined and the price needs a further active move as proof of a breakdown. If price breakdown occurs, the resulting move could indicate a change in price direction. It is possible that a move towards 151.4 will form.

GBP/USD: Rising Wedge

GBP/USD, 4 hours    SHORT 4 days ago
As we can see the price gives a rising wedge. A rising wedge is a bearish chart signal that indicates an extension in the downward direction in case if price breaks below support. It is possible that a bearish run towards 1.375 will take place on a break below 1.381.

USD/CAD: Pennant

USD/CAD, 4 hours    LONG 3 days ago
A pennant is close to being complete and the price needs more steady rise as a verification of a breakout. A pennant describes a technical bullish price action formation that often spots a sharp rise once price breaks out to the the upside. A bullish push up towards 1.27 is about to happen while above 1.27.

EUR/USD: Ascending Channel

EUR/USD, 1 hour    SHORT Jun 16
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.

EUR/USD: Pennant

EUR/USD, 4 hours    SHORT 4 days ago
A pennant has been identified. In case if price breakdown occurs, the move could spot an extension in the downward direction. There is a probability of decline towards the 1.18 zone on a downside break as EUR/USD is at a brink of a bearish breakout.

USD/JPY: Ascending Channel

USD/JPY, 1 hour    SHORT 22 hours ago
An ascending channel has been observed. An ascending channel is believed to be a compelling bearish price indicator that is used to predict the more likely potential of falling prices once price breaks below support. USD/JPY opens door for a move to 109.9 on a breakout of the ascending channel.

USD/JPY: Bearish Flag

USD/JPY, 1 hour    SHORT Aug 13
It seems like a bearish flag develops. A bearish flag can be thought of as a reliable bearish price action pattern that is angled up that spots a bearish move if price breaks out to the the downside. There is a chance of decline towards 110.3.

AUD/USD: Ascending Triangle

AUD/USD, 1 hour    SHORT Jun 16
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.

NZD/USD: Ascending Triangle

NZD/USD, 4 hours    SHORT 6 days ago
There is an ascending triangle discovered and the price calls for a strong impulse down as proof of a breakdown. An ascending triangle provides a useful chart indicator that can be used to spot a change in the prevailing trend if price breakdown occurs. NZD/USD challenges a move towards 0.708 as bears looking for downside correction.

USD/CAD: Descending Triangle

USD/CAD, 1 hour    LONG Sep 7
It seems like USD/CAD shapes a descending triangle, the price asks for strong push up for the certainty of breakout. When price breaks above resistance, the resulting move could indicate that the price will rally further. It is likely that a further bullish price action to 1.254 will happen amid USD/CAD reclaims part of the ground lost.

USD/CAD: Bullish Flag

USD/CAD, 1 hour    LONG Jun 16
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.

GBP/USD: Bullish Flag

GBP/USD, 1 hour    LONG May 7
It seems like a bullish flag is almost completed and the price is close to breaking out now. A bullish flag often identifies a bullish price move when price breaks above resistance. A move to the 1.394 zone about to be made.
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