Open:
High:
Low:
Close:
DESCENDING CHANNEL
EUR/USD
1H
As we can see eurusd composes a descending channel.
If price breaks out to the the upside, the move could signal a sharp rise.
A bullish price action towards 1.148 is not ruled out once above 1.1475 as bullish momentum increases.
ASCENDING CHANNEL
USD/JPY
1H
Usdjpy establishes an ascending channel and usdjpy demands an active move as evidence of a breakdown.
When price breaks through the support, the resulting move could predict reversals in uptrends.
Usdjpy embarks on a bearish correction towards 160.5.
DESCENDING CHANNEL
AUD/USD
1H
We can see that a descending channel has been identified and audusd demands a further strong move as an indication of a breakout.
A descending channel depicts a technical indicator that is used to predict a next move up if price breaks above resistance.
A further bullish move to 0.703 is possible as extra rangebound not ruled out.
DESCENDING CHANNEL
NZD/USD 1H
It looks like nzdusd completes a descending channel.
Once price breaks through the resistance, the move could signal that prices move counter to the prevailing price trend.
Nzdusd does not rule out a move to the 0.576 level while above 0.5745.
DESCENDING CHANNEL
EUR/USD
1H
It looks like a descending channel is close to being complete.
A descending channel tends to be a useful pattern that can be used to spot a move up if price breaks out to the the upside.
A rangebound to the 1.148 zone looks likely on a breach of 1.1465.
DESCENDING TRIANGLE
GBP/JPY 1H
There is a descending triangle emerging, the price is ready to break out soon.
A descending triangle is said to depict a useful price action indicator that signals a bullish price move once price breaks out.
Gbpjpy to increase bullish potential towards 213.5 once above 213.1.
RISING WEDGE
USD/CHF
1H
There is a rising wedge occuring and the price breaks out now.
A rising wedge is considered to be a reliable bearish price action pattern with an upward bias that results in a next move down once price breaks through the support.
Usdchf to prolong the corrective phase to the 0.804 zone on a breakout of the rising wedge as the currency pair challenges 0.8065 hurdle.
ASCENDING CHANNEL
USD/CAD 1H
There is an ascending channel arising and the price requests a further bigger move to confirm ascending channel breakout.
Once price breaks through the support, the move could signal the bulls have run out of steam.
Usdcad now looks to 1.414.
DESCENDING TRIANGLE
AUD/USD
1H
As we can see a descending triangle happens and the price calls for a further strong move as an indication of a breakout.
A descending triangle represents a compelling price pattern that can be used to spot extending an downtrend if price breaks down.
Audusd could recede towards 0.699 as extra rangebound not ruled out.
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