Open:
High:
Low:
Close:
FALLING WEDGE
NZD/USD 1H
As we can see a falling wedge occurs.
A falling wedge often signals a bullish price move if price breaks above resistance.
Nzdusd to extend its rebound towards 0.58 on a breakout of the falling wedge as nzdusd is at a brink of a bullish breakout.
RECTANGLE
GBP/JPY 1H
There is a rectangle materializing.
When price breaks out to the the downside, the resulting move could predict a further move down.
A move to the 211.6 mark is not ruled out on impulse below 211.7 as upside pressure mitigates.
BULLISH FLAG
GBP/USD
1H
It seems like a bullish flag is almost completed, gbpusd demands a next steady move as a clue of a breakout.
A bullish flag signals a further move up in case if price breaks above resistance.
There is a probability of a bullish move towards the 1.335 zone once beyond 1.331 as the currency pair nears 1.331 hurdle.
BEARISH FLAG
USD/JPY
1H
There is a bearish flag identified.
A bearish flag depicts a bearish price indicator that often spots an interruption of an uptrend once price breakdown occurs.
There is a possibility of decline towards 159.
BEARISH FLAG
EUR/USD
4H
Eurusd composes a bearish flag and eurusd lacks more bigger fall as an information of a breakout.
If price collapses through the support line, the move could predict that prices move counter to the prevailing price trend.
Further decline towards the 1.145 mark is on the way.
ASCENDING CHANNEL
GBP/USD
4H
There is an ascending channel identified.
An ascending channel provides a formation that often spots a next move down once price breaks through the support.
It is not ruled out that a bearish run towards the 1.325 level will occur.
ASCENDING CHANNEL
GBP/JPY 1H
There is an ascending channel poping up and gbpjpy expects a next active move to confirm a breakdown.
An ascending channel describes a technical bearish price action pattern that is used to predict that the price to go short if price breakdown occurs.
Gbpjpy risks a move towards 211.5 on a downside break amid rising bets for the move.
RECTANGLE
USD/CAD 4H
A rectangle comes out.
A rectangle often results in the more likely potential of rising prices when price breaks through the resistance.
Usdcad looks north towards 1.376 on a breakout of the rectangle.
ASCENDING TRIANGLE
EUR/USD
1H
It seems like an ascending triangle arises and eurusd needs a more bigger bearish impulse as a sign of a breakout.
An ascending triangle signals an extension in the downward direction when price breaks below support.
It is likely that further decline to 1.154 will happen.
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