Open:
High:
Low:
Close:
USD/CAD: Pennant
USD/CAD,
1 hour
SHORT
Mar 20
As we can see a pennant has been noticed and the price is breaking out.
If price breaks out, the resulting move could identify that the price to go short.
There is a possibility of a further move towards 1.357 once below 1.3582.
USD/JPY: Rectangle
USD/JPY,
4 hours
SHORT
Jul 6
We can see that a rectangle has been detected and the price requests a move to confirm rectangle breakdown.
A rectangle is a compelling pattern that predicts a further move down in case if price collapses through the support line.
There is a probability of further decline to 144.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Jul 16
It seems like an ascending channel has been found, the price asks for a steady bearish action for the certainty of breakout.
An ascending channel can be thought of as a technical price pattern that can be used to signal a further move down once price collapses through the support line.
Extra downside towards 0.893 looks possible on a breakout of the ascending channel as the currency pair becomes under pressure.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
May 31
As we can see the price builds an ascending channel and the price needs a more steady move as proof of a breakout.
An ascending channel spots a break in the price direction once price breaks down.
USD/CAD tests a move towards the 1.356 mark as indicators turn bearish.
NZD/USD: Descending Channel
NZD/USD,
1 hour
LONG
Mar 5
A descending channel has been discovered and the price asks for a bit more consolidation for clear breakout confirmation.
In case if price breaks out to the the upside, the move could predict a bullish price move.
NZD/USD pushes higher towards 0.611 as the currency pair nears 0.6104 hurdle.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
Jul 6
A rectangle materializes.
When price breaks out to the the downside, the move could indicate a next move down.
USD/JPY looks for a setback towards 144 while below 144.1 as the currency pair becomes under pressure.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Sep 8
As we can see an ascending channel is close to being completed, the price is ready to break out.
An ascending channel is said to depict a reliable pattern that typically indicates a pause in an uptrending market if price breaks out.
USD/CAD to head towards 1.364 on a downside break as minor hurdle remains at 1.366.
GBP/JPY: Ascending Channel
GBP/JPY,
1 hour
SHORT
Feb 19
An ascending channel happens.
An ascending channel typically spots a bullish-to-bearish trend reversal once price breaks below support.
There is a possibility of a bearish price action towards 191.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Oct 12
There is an ascending channel discovered.
When price breaks out to the the downside, the move could indicate a next move down.
It is possible that a bearish run to 1.059 will happen on a breakout of the ascending channel.
NZD/USD: Rising Wedge
NZD/USD,
1 hour
SHORT
Jun 27
There is a rising wedge recognized, the price is going to break out.
A rising wedge tends to be a reliable chart signal that can be used to spot a move down when price breaks through the support.
There is a probability of decline to 0.616.
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: Descending Channel
GBP/USD,
1 day
LONG
Jan 28
GBP/USD completes a descending channel and the price expects a next active move for clear breakout confirmation.
A descending channel is said to depict a specific bullish price pattern that often predicts a further move up in case if price breaks out.
GBP/USD looks ready to further extend its gains to 1.26 once above 1.25.