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Low:
Close:
PENNANT
GBP/USD
1H
There is a pennant occuring, gbpusd lacks a next steady bearish action for the certainty of breakout.
In case if price breaks out to the the downside, the resulting move could identify a move down.
There is a chance of a move towards the 1.346 zone on impulse below 1.347 as bears looking for downside correction.
SYMMETRICAL TRIANGLE
NZD/USD 1H
There is a symmetrical triangle detected.
If price breaks through the support, the resulting move could indicate prices are likely to keep falling downward.
Nzdusd turns lower towards 0.575 on a breach of 0.5758.
RISING WEDGE
GBP/JPY 1H
It looks like a rising wedge turns up, the price is ready to break out now.
In case if price breaks below support, the move could spot a next move down.
There is a chance of corrective downside towards 208.8.
PENNANT
AUD/USD
1H
We can see that a pennant is recognized.
A pennant tends to be a useful pattern that is used to indicate prices are likely to keep falling downward when price breaks down.
Audusd turns lower to 0.712 while lower than 0.713.
RISING WEDGE
USD/CHF
4H
There is a rising wedge coming out and the price demands a further steady bearish action as proof of a breakout.
A rising wedge is a useful bearish price indicator that identifies a move down if price breaks through the support.
Usdchf to drop to the 0.818 mark.
ASCENDING TRIANGLE
USD/CHF
1H
An ascending triangle is nearing completion.
An ascending triangle identifies a useful price pattern with an upward bias that can be used to predict a move down if price breaks out to the the downside.
Usdchf set to lose more ground to 0.818 as the currency pair is at a brink of a bearish breakout.
ASCENDING TRIANGLE
USD/CAD 1H
There is an ascending triangle determined and usdcad expects a bigger move for clear breakout confirmation.
An ascending triangle predicts an extension in the downward direction in case if price breaks down.
It is possible that a bearish continuation to the 1.39 level will form.
FALLING WEDGE
NZD/USD 1H
There is a falling wedge diagnosed, nzdusd calls for next rise as an indication of a breakout.
A falling wedge spots a move up in case if price breaks out to the the upside.
A further bullish run towards 0.577 is about to happen.
PENNANT
AUD/USD
1H
There is a pennant poping up and audusd needs a further steady bullish continuation as a clue of a breakout.
Once price breaks out, the resulting move could spot a move up.
Audusd to maintain its positive tone to the 0.714 mark.
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