There is an ascending triangle turning up, USD/JPY calls for a further bigger move as evidence of a breakout.
An ascending triangle depicts a compelling bullish price action signal that is used to identify a bullish price action when price breaks out.
It is not ruled out that a bullish move towards the 149.4 mark will occur.
AUD/USD: Bearish Flag
AUD/USD,
1 hour
SHORT
19 hours ago
There is a bearish flag occuring and the price is close to breaking out now.
A bearish flag indicates a sharp decline in case if price breakdown occurs.
AUD/USD risks extra losses towards 0.6555.
AUD/USD: Rectangle
AUD/USD,
1 hour
SHORT
11 hours ago
AUD/USD shapes a rectangle and the price is breaking out.
A rectangle predicts a bearish price action once price breaks below support.
AUD/USD to slide towards the 0.655 zone on a breach of 0.6553.
GBP/USD: Rectangle
GBP/USD,
1 hour
SHORT
11 hours ago
There is a rectangle discovered.
Once price breakdown occurs, the move could indicate prices are likely to keep falling downward.
It is possible that corrective downside to 1.272 will form while lower than 1.2722.
NZD/USD: Symmetrical Triangle
NZD/USD,
1 hour
SHORT
20 hours ago
As we can see NZD/USD establishes a symmetrical triangle and the price is breaking out.
A symmetrical triangle predicts a next move down in case if price breaks out to the the downside.
A further bearish continuation towards the 0.608 level is about to happen.
GBP/JPY: Descending Triangle
GBP/JPY,
1 hour
LONG
10 hours ago
There is a descending triangle encountered and GBP/JPY asks for a bit more consolidation as a verification of a breakout.
A descending triangle tends to be a useful price action indicator that is used to predict an extension in the upward direction when price breaks through the resistance.
It is not ruled out that a bullish move towards the 190 level will form on a breakout of the descending triangle.
GBP/JPY: Descending Triangle
GBP/JPY,
4 hours
LONG
4 days ago
It looks like a descending triangle is very close to being completed, the price breaks out.
When price breaks above resistance, the move could predict the more likely potential of rising prices.
GBP/JPY looks ready to further extend its gains towards the 190 level on a breach of 189.4.
USD/CHF: Falling Wedge
USD/CHF,
1 hour
LONG
31 hours ago
A falling wedge is diagnosed.
Once price breaks through the resistance, the move could signal the more likely potential of rising prices.
USD/CHF looks ready to further extend its gains to 0.8835 once beyond 0.8834 as USD/CHF becomes bid.
NZD/USD: Pennant
NZD/USD,
4 hours
SHORT
4 days ago
There is a pennant determined.
A pennant often indicates a bearish move if price breaks through the support.
NZD/USD could drop towards 0.614.
AUD/USD: Pennant
AUD/USD,
4 hours
SHORT
4 days ago
There is a pennant arising, the price requires a further strong move as a verification of a breakout.
A pennant represents a formation that is used to indicate a bearish price action if price breaks below support.
A bearish continuation to 0.66 about to be made.
USD/CHF: Pennant
USD/CHF,
4 hours
LONG
5 days ago
It looks like a pennant is very close to being finished and the price is ready to break out soon.
A pennant spots extending an uptrend if price breaks out to the the upside.
USD/CHF targets a move to 0.88.
USD/CHF: Bearish Flag
USD/CHF,
4 hours
SHORT
Jul 6
We can see that a bearish flag is found.
A bearish flag typically identifies extending an downtrend if price breaks through the support.
USD/CHF pulls away from recent highs towards 0.894.
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