Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
NZD/USD 1H
It looks like a symmetrical triangle is almost completed.
In case if price breaks above resistance, the resulting move could spot an extension in the upward direction.
A bullish continuation towards 0.597 is going to happen.
DESCENDING TRIANGLE
AUD/USD
1H
A descending triangle emerges, the price is about to break out.
A descending triangle spots a sharp rise if price breaks out to the the upside.
Audusd to increase bullish potential towards 0.725.
PENNANT
USD/JPY
1H
There is a pennant observed.
A pennant depicts a compelling price action indicator that typically indicates the more likely potential of rising prices in case if price breaks out to the the upside.
It is possible that a bullish continuation to 156.8 will take place.
DESCENDING TRIANGLE
USD/CHF
1H
There is a descending triangle emerging.
A descending triangle suggests a technical price action signal that is used to identify an extension in the downward direction once price breaks out.
Usdchf set to fall towards the 0.776 mark.
ASCENDING CHANNEL
USD/JPY
1H
The price forms an ascending channel, the price is about to break out now.
An ascending channel often results in a change in price direction when price breaks out.
A bearish run towards the 156.4 zone looks likely.
DESCENDING TRIANGLE
EUR/USD
1H
A descending triangle is almost done, eurusd calls for a further strong move to confirm descending triangle breakout.
A descending triangle depicts a useful bullish formation that can be used to identify the bears have run out of steam in case if price breaks through the resistance.
Eurusd to extend its advance towards 1.178.
ASCENDING CHANNEL
USD/CHF
1H
It seems like an ascending channel is nearing completion.
An ascending channel typically results in an extension in the downward direction in case if price breaks out.
It is possible that a bearish run towards the 0.777 level will take place on a breach of 0.7778.
PENNANT
GBP/USD
4H
There is a pennant coming out, the price needs a bigger move as evidence of a breakout.
A pennant provides a reliable chart pattern that often predicts that the price will rally further if price breaks above resistance.
Gbpusd to look for a further push towards 1.364.
DESCENDING CHANNEL
AUD/USD
1H
There is a descending channel appearing.
A descending channel is believed to be a bullish pattern that is angled down that is used to identify that the price to go long if price breaks out to the the upside.
Audusd embarks on a bullish correction towards the 0.724 mark on a upside break.
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