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DESCENDING TRIANGLE
GBP/USD
1H
The price creates a descending triangle.
A descending triangle provides a bearish indicator that can be used to signal a sharp decline in case if price breaks out to the the downside.
Gbpusd to extend the correction lower to 1.341.
PENNANT
EUR/USD
4H
It looks like eurusd creates a pennant and the price is about to break out.
A pennant represents a specific bearish chart indicator that typically indicates a further move down when price breaks through the support.
It is not ruled out that a bearish continuation towards 1.14 will form on a breach of 1.141 as outlook for eurusd stays negative.
FALLING WEDGE
USD/CAD 4H
A falling wedge is close to being completed and usdcad requests a move as an indication of a breakout.
When price breaks above resistance, the resulting move could indicate a next move up.
Usdcad to head towards 1.41 on a breakout of the falling wedge.
SYMMETRICAL TRIANGLE
GBP/JPY 4H
There is a symmetrical triangle detected, the price demands a next impulse down as an information of a breakout.
A symmetrical triangle suggests a specific formation that identifies an extension in the downward direction in case if price breaks through the support.
Gbpjpy to move back to 218 as gbpjpy becomes capped.
DESCENDING CHANNEL
EUR/USD
1H
As we can see a descending channel is nearing completion, the price is going to break out now.
A descending channel typically identifies a trend change to the upside if price breaks through the resistance.
Eurusd to recover bullish potential to the 1.143 level while above 1.1424.
ASCENDING TRIANGLE
AUD/USD
4H
Audusd shows an ascending triangle and audusd lacks further rise as a sign of a breakout.
An ascending triangle often identifies that prices are likely to keep rallying upward once price breaks out.
A move towards 0.704 is probable as audusd nears 0.702 hurdle.
ASCENDING CHANNEL
USD/CAD 1H
An ascending channel has been revealed and the price breaks out now.
An ascending channel typically results in a move down in case if price breaks below support.
Usdcad is bearish and en route towards 1.406 on a downside break amid the currency pair recedes from tops.
RISING WEDGE
USD/CHF
1H
We can see that a rising wedge is almost done, the price is close to breaking out.
In case if price breaks out to the the downside, the resulting move could indicate prices are likely to keep falling downward.
There is a probability of a bearish run to 0.81.
FALLING WEDGE
GBP/JPY 1H
As we can see a falling wedge is close to being done.
A falling wedge typically indicates a countertrend succeeding the current trend when price breaks through the resistance.
Gbpjpy to turn bullish towards the 218.4 level.
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