Open:
High:
Low:
Close:
DESCENDING CHANNEL
GBP/JPY 1H
A descending channel is close to being done.
A descending channel depicts a signal that can be used to indicate that the price to go up when price breaks above resistance.
A move to the 215.6 zone about to be made.
ASCENDING CHANNEL
USD/CHF
1D
An ascending channel forms, the price calls for a further active move as an indication of a breakout.
In case if price collapses through the support line, the resulting move could spot a move down.
A bearish run to the 0.8 mark about to be made on a breakout of the ascending channel as risk reversal sheds bullish bias.
ASCENDING CHANNEL
GBP/JPY 4H
It looks like an ascending channel is very close to being finished.
In case if price collapses through the support line, the resulting move could indicate a move down.
Gbpjpy pulls away from recent highs to 215.
FALLING WEDGE
GBP/JPY 1H
It seems like a falling wedge is encountered, gbpjpy demands a steady move for clear breakout confirmation.
In case if price breaks through the resistance, the move could identify that the price to go up.
Gbpjpy points to the upside to the 216 level.
DESCENDING CHANNEL
NZD/USD 1H
There is a descending channel diagnosed.
A descending channel suggests a bullish chart pattern that has a downward slope that signals a bullish move if price breaks above resistance.
It is likely that a bullish continuation to 0.5885 will occur as the currency pair becomes supported.
DESCENDING CHANNEL
AUD/USD
1H
It looks like audusd builds a descending channel, audusd asks for a bullish action for clear breakout confirmation.
A descending channel denotes a bullish pattern that can be used to identify a bullish price action when price breaks above resistance.
There is a probability of a bullish continuation to the 0.71 mark on a breach of 0.709 as bulls look for entries.
DESCENDING TRIANGLE
USD/CAD 1H
It seems like the price sets up a descending triangle, the price is about to break out soon.
In case if price breaks out to the the downside, the resulting move could indicate a bearish price action.
Usdcad is at risk of resuming its decline towards the 1.386 level.
RECTANGLE
USD/CHF
4H
A rectangle forms, the price is breaking out.
A rectangle can be thought of as an indicator that spots the more likely potential of falling prices when price breaks through the support.
Extra downside to 0.806 looks probable.
RECTANGLE
USD/CHF
1H
There is a rectangle happening.
In case if price breaks out, the move could spot a bearish price action.
It is likely that a bearish price action to the 0.81 zone will happen as bears looking for downside correction.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.