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PENNANT
GBP/USD
1H
There is a pennant found.
A pennant denotes a specific bullish formation that can be used to indicate that the price will rally further once price breaks out.
Gbpusd to move upward to 1.334 on a breakout of the pennant.
RISING WEDGE
USD/CAD 1H
It seems like a rising wedge is close to completion.
A rising wedge depicts a bearish price indicator that can be used to spot a next move down when price breaks out to the the downside.
There is a chance of a rangebound towards 1.385 while below 1.3854.
ASCENDING CHANNEL
USD/CHF
1H
The price gives an ascending channel, usdchf requires a next bearish continuation as a verification of a breakdown.
An ascending channel identifies a compelling bearish price indicator that often spots a further move down when price breaks through the support.
Usdchf risks extra losses to the 0.805 level while lower than 0.8056 as the currency pair becomes under pressure.
RECTANGLE
USD/JPY
4H
It looks like a rectangle has been revealed.
A rectangle is a specific signal that can be used to spot a bullish move when price breaks out.
Usdjpy to grind higher towards the 156.2 mark.
DESCENDING CHANNEL
NZD/USD 1H
We can see that nzdusd shows a descending channel.
A descending channel indicates a bullish price move when price breaks out.
Nzdusd to accomodate towards the 0.5785 level on a breakout of the descending channel.
ASCENDING CHANNEL
USD/CHF
1H
We can see that an ascending channel is close to being completed, the price is ready to break out soon.
An ascending channel denotes a specific price pattern that is used to signal that the price to go down when price breaks down.
Usdchf could recede to the 0.805 zone.
DESCENDING CHANNEL
NZD/USD 1H
A descending channel has been uncovered and nzdusd calls for a more strong bullish continuation as a verification of a breakout.
A descending channel can be thought of as a bullish price action signal that typically predicts a downward trend is about to reverse into an upnward trend when price breaks above resistance.
There is a probability of a bullish run towards 0.578 as nzdusd nears 0.5778 hurdle.
PENNANT
EUR/USD
4H
We can see that a pennant is close to being done and eurusd needs a steady move as a clue of a breakout.
A pennant tends to be a reliable price action formation that typically identifies a move up if price breaks out to the the upside.
Eurusd to look for a further push towards the 1.166 mark on a breakout of the pennant.
FALLING WEDGE
AUD/USD
1H
As we can see audusd shapes a falling wedge and audusd demands a more active move as a signal of a breakout.
A falling wedge represents a technical price action formation that can be used to spot a next move up if price breaks above resistance.
Audusd to increase bullish potential to 0.663 on a breakout of the falling wedge as uptrend may continue.
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