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ASCENDING CHANNEL
AUD/USD
1H
An ascending channel happens.
An ascending channel typically identifies a temporary interruption during a rising market once price collapses through the support line.
Audusd tests a move towards the 0.673 mark.
ASCENDING CHANNEL
GBP/USD
1H
We can see that an ascending channel has been spotted, the price wants a further bigger bearish move as a verification of a breakout.
An ascending channel describes a bearish pattern that often indicates a break during an uptrending market once price breaks out to the the downside.
A bearish continuation to the 1.344 mark is probable.
FALLING WEDGE
USD/CAD 1H
There is a falling wedge spotted and the price needs a bullish continuation as a sign of a breakout.
A falling wedge is believed to be a technical bullish pattern with a downward bias that can be used to predict a sharp rise if price breaks out.
There is a chance of a further bullish run towards 1.384.
ASCENDING CHANNEL
NZD/USD 1H
We can see that an ascending channel has been recognized and the price calls for more strong pullback as an indication of a breakout.
When price breaks through the support, the move could indicate a change in the prevailing trend.
It is likely that a bearish run towards 0.582 will happen.
ASCENDING CHANNEL
AUD/USD
1H
There is an ascending channel emerging and the price is going to break out now.
An ascending channel represents a reliable price formation that is angled up that often spots that the price to go down once price breakdown occurs.
Audusd to increase bearish potential towards the 0.672 mark on a breach of 0.6725 as audusd is at a brink of a bearish breakout.
RISING WEDGE
GBP/USD
1H
A rising wedge forms and the price requests next bigger pullback as a sign of a breakdown.
A rising wedge depicts a specific bearish indicator that can be used to signal a bearish move if price breaks out to the the downside.
Gbpusd set to plunge towards the 1.344 mark on a breach of 1.344.
ASCENDING CHANNEL
GBP/JPY 1H
An ascending channel has been diagnosed, gbpjpy asks for an active move as an indication of a breakdown.
An ascending channel signals a change in price direction once price breaks down.
A move to the 212 mark is likely as minor hurdle remains at 212.5.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is close to being finished and the price breaks out.
An ascending channel provides a specific formation that often indicates that the price to go short when price breakdown occurs.
It is not ruled out that a bearish continuation towards 157.8 will take place on a breakout of the ascending channel.
DESCENDING CHANNEL
EUR/USD
4H
The price creates a descending channel and the price is ready to break out now.
A descending channel often results in that prices are likely to keep rallying upward when price breaks through the resistance.
A bullish push up to 1.166 is likely to happen.
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