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PENNANT
GBP/USD
1H
It seems like a pennant is very close to being finished, the price is ready to break out soon.
A pennant describes a technical price action pattern that is used to indicate a bearish price action if price breaks down.
Extra downside towards the 1.351 zone is not ruled out.
BEARISH FLAG
NZD/USD 1H
As we can see a bearish flag is very close to being finished, nzdusd wants a move to confirm bearish flag breakout.
A bearish flag often results in prices are likely to keep falling downward once price breaks out to the the downside.
Nzdusd risks potential downside to 0.587 as the currency pair becomes capped.
RISING WEDGE
AUD/USD
1H
There is a rising wedge noticed, the price is close to breaking out soon.
A rising wedge is believed to be a price pattern that is used to predict extending an downtrend when price breaks out to the the downside.
Audusd pulls back towards the 0.72 zone as the currency pair loses bullish momentum.
DESCENDING CHANNEL
USD/CAD 1H
There is a descending channel determined and usdcad requests a strong move for clear breakout confirmation.
A descending channel depicts a chart pattern with a downward bias that is used to predict a next move up once price breaks through the resistance.
Usdcad looks north to the 1.38 level as door open for the continuation of the uptrend.
RISING WEDGE
EUR/USD
1H
A rising wedge appears, the price calls for an active move for the certainty of breakdown.
A rising wedge is considered to be a useful pattern that is used to predict a next move down when price breaks out.
There is a probability of a bearish push down towards 1.162.
BEARISH FLAG
NZD/USD 1H
There is a bearish flag turning up and the price lacks bigger pullback as a clue of a breakout.
A bearish flag tends to be a useful price action indicator that can be used to signal that the price to go down when price breaks out to the the downside.
It is likely that extra downside to 0.587 will take place while lower than 0.5882 as nzdusd is at a brink of a bearish breakout.
FALLING WEDGE
USD/CHF
1H
We can see that the price completes a falling wedge.
Once price breaks out to the the upside, the move could spot a bullish price action.
Usdchf to move up towards 0.81 once beyond 0.8075.
RISING WEDGE
NZD/USD 1H
There is a rising wedge found.
A rising wedge denotes a useful signal that often signals a move down if price breaks through the support.
Nzdusd to plummet towards 0.586 while below 0.588 as bears looking for downside correction.
DESCENDING CHANNEL
NZD/USD 4H
A descending channel is found and the price demands a steady move as a signal of a breakout.
Once price breaks through the resistance, the move could spot a sharp rise.
Nzdusd could attempt a move to the 0.595 mark on a break above 0.589 amid rising bets for the move.
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