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GBP/JPY: Descending Triangle
GBP/JPY,
4 hours
LONG
3 days ago
GBP/JPY: Rectangle
GBP/JPY,
4 hours
LONG
3 days ago
There is a rectangle determined and the price demands a steady move as an indication of a breakout.
When price breaks out to the the upside, the resulting move could spot a sharp rise.
GBP/JPY turns higher towards 193 on a breach of 192.8 as outlook for GBP/JPY stays positive.
USD/CAD: Rectangle
USD/CAD,
1 day
LONG
Mar 23
A rectangle is almost finished and USD/CAD wants a more move for clear breakout confirmation.
A rectangle typically identifies the bears have run out of steam once price breaks out.
USD/CAD challenges a move towards the 1.365 mark on a breach of 1.36 as indicators favor bulls.
AUD/USD: Ascending Triangle
AUD/USD,
1 day
SHORT
Apr 2
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
SHORT
31 hours ago
There is an ascending triangle taking place and the price breaks out now.
An ascending triangle typically indicates an extension in the downward direction when price breaks through the support.
A further rangebound to 155.5 is likely on a break below 155.6.
NZD/USD: Ascending Channel
NZD/USD,
1 hour
SHORT
Apr 12
An ascending channel develops and the price is breaking out.
An ascending channel signals price heading to a new direction once price breakdown occurs.
It is not ruled out that decline to 0.597 will happen on impulse below 0.5978.
GBP/USD: Ascending Channel
GBP/USD,
1 day
SHORT
Mar 22
There is an ascending channel arising.
An ascending channel often results in a bearish price action once price breaks down.
GBP/USD challenges a move to 1.26 on a breakout of the ascending channel.
GBP/USD: Ascending Channel
GBP/USD,
1 day
SHORT
Apr 2
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.
EUR/USD: Bearish Rectangle
EUR/USD,
1 hour
SHORT
Mar 28
There is a bearish rectangle spotted and the price requires a more active correction as a verification of a breakdown.
A bearish rectangle is believed to be a useful bearish pattern that typically indicates that the price to go down once price breaks out.
EUR/USD could attempt a move towards 1.0805 as outlook for the currency pair stays negative.
NZD/USD: Descending Channel
NZD/USD,
1 hour
LONG
Nov 14
A descending channel has been encountered.
A descending channel typically predicts an interruption of a downtrend if price breaks through the resistance.
NZD/USD risks a move towards 0.5885 on a breakout of the descending channel as the currency pair resumes the upside.
USD/JPY: Bullish Rectangle
USD/JPY,
1 day
LONG
Mar 20
There is a bullish rectangle turning up and USD/JPY wants a next steady move as a verification of a breakout.
A bullish rectangle is said to depict a compelling formation that predicts a sharp rise when price breaks through the resistance.
USD/JPY to increase bullish potential towards 152.