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NZD/USD: Pennant
NZD/USD,
1 hour
SHORT
Feb 13
A pennant arises.
A pennant identifies a reliable price action formation that often signals a bearish price action in case if price breakdown occurs.
NZD/USD targets a move to 0.6125 on a breakout of the pennant.
NZD/USD: Pennant
NZD/USD,
1 hour
SHORT
Mar 7
NZD/USD shapes a pennant and NZD/USD demands more strong pullback as a verification of a breakout.
A pennant can be thought of as a reliable bearish formation that can be used to indicate the bulls have run out of steam when price breaks out.
A bearish move towards 0.618 looks probable as NZD/USD becomes weaker.
GBP/USD: Falling Wedge
GBP/USD,
4 hours
LONG
Dec 11
As we can see a falling wedge pops up, GBP/USD wants a steady move as a verification of a breakout.
When price breaks out to the the upside, the resulting move could spot a further move up.
GBP/USD does not rule out a move to the 1.26 mark on a upside break.
GBP/JPY: Ascending Channel
GBP/JPY,
4 hours
SHORT
Mar 13
We can see that an ascending channel turns up.
An ascending channel typically identifies a bearish price move once price breaks through the support.
There is a probability of a bearish move towards the 161.5 mark.
NZD/USD: Descending Channel
NZD/USD,
1 hour
LONG
Jun 30
A descending channel is close to being finished and the price is breaking out.
A descending channel typically results in a potential reversal in price action if price breaks above resistance.
A further bullish price action towards the 0.61 mark stays on the cards.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
May 30
A descending triangle pops up and the price breaks out.
A descending triangle describes a specific bullish chart formation that typically signals extending an uptrend in case if price breaks out.
It is not ruled out that a bullish continuation to 1.236 will occur.
NZD/USD: Bullish Flag
NZD/USD,
1 hour
LONG
May 2
It seems like a bullish flag is close to completion and the price calls for a further move as a signal of a breakout.
A bullish flag is believed to be a reliable chart pattern that is angled down that is used to spot that prices move counter to the prevailing price trend in case if price breaks above resistance.
NZD/USD tests a move to the 0.62 mark once beyond 0.6196.
EUR/USD: Pennant
EUR/USD,
1 hour
SHORT
Sep 5
A pennant is revealed.
A pennant typically signals the more likely potential of falling prices when price breaks out to the the downside.
It is possible that a move to 1.078 will be made.
NZD/USD: Bearish Rectangle
NZD/USD,
1 hour
SHORT
Sep 5
The price shapes a bearish rectangle, NZD/USD demands a strong bearish action as a sign of a breakdown.
A bearish rectangle is a technical bearish formation that indicates extending an downtrend if price breaks down.
A move to 0.593 looks likely on a breakout of the bearish rectangle.
EUR/USD: Symmetrical Triangle
EUR/USD,
1 hour
LONG
Dec 13
It looks like a symmetrical triangle has been recognized, the price wants a next bullish move as a clue of a breakout.
When price breaks out, the move could identify that prices are likely to keep rallying upward.
EUR/USD turns bullish towards the 1.081 level on a break above 1.0798.
AUD/USD: Bearish Flag
AUD/USD,
4 hours
SHORT
Mar 7
It seems like a bearish flag has been detected and the price expects push down to confirm bearish flag breakout.
A bearish flag is said to depict a reliable chart pattern that is angled up that typically indicates an extension in the downward direction in case if price breakdown occurs.
It is not ruled out that a move to 0.67 will occur as upside pressure mitigates.
USD/CAD: Descending Triangle
USD/CAD,
1 hour
LONG
Feb 27
It seems like USD/CAD establishes a descending triangle, the price needs a bit more consolidation as an indication of a breakout.
A descending triangle provides a bullish signal that results in a next move up when price breaks out.
It is possible that a bullish run towards the 1.352 level will be made as USD/CAD challenges 1.3512 hurdle.