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EUR/USD: Ascending Triangle

EUR/USD, 1 hour    SHORT Jun 16
There is an ascending triangle spotted, the price asks for a steady move as a clue of a breakout. When price breaks below support, the resulting move could signal the more likely potential of falling prices. There is a chance of extra downside towards 1.211 while below 1.2125 as door open for the continuation of the downtrend.

GBP/JPY: Ascending Channel

GBP/JPY, 1 hour    SHORT 2 days ago
There is an ascending channel materializing. When price breakdown occurs, the move could identify that the price to go short. It is possible that a further bearish move to 152.6 will take place on a break below 152.9.

NZD/USD: Ascending Channel

NZD/USD, 1 hour    SHORT 44 hours ago
There is an ascending channel observed and NZD/USD demands an active bearish action as a sign of a breakdown. An ascending channel is a bearish price action indicator that is used to spot a trend change to the downside when price breaks out. It is possible that corrective downside to 0.696 will occur on a breach of 0.699 as the currency pair probes 0.699 hurdle.

USD/CHF: Descending Triangle

USD/CHF, 1 hour    LONG Jun 16
The price shows a descending triangle. If price breaks above resistance, the resulting move could identify a next move up. There is a possibility of a further rangebound to 0.901 on a breach of 0.899 as USD/CHF becomes bullish.

AUD/USD: Rising Wedge

AUD/USD, 1 hour    SHORT Jun 11
There is a rising wedge happening and AUD/USD expects a more active move as an indication of a breakdown. A rising wedge identifies a bearish chart signal that can be used to spot prices are likely to keep falling downward in case if price breaks below support. AUD/USD embarks on a bearish correction to 0.773 as door open for a test of 0.773.

GBP/JPY: Pennant

GBP/JPY, 1 hour    LONG May 7
As we can see a pennant appears. Once price breaks above resistance, the resulting move could indicate that the price to go long. It is likely that a bullish run to 152.4 will occur on a break above 152.

USD/JPY: Descending Channel

USD/JPY, 1 hour    LONG Jun 3
As we can see a descending channel is nearing completion, the price expects a bigger move as an information of a breakout. In case if price breaks above resistance, the resulting move could predict that the price to go up. A bullish move to 110 is not ruled out as bulls looking for profit.

GBP/USD: Descending Triangle

GBP/USD, 1 hour    LONG Jul 9
We can see that a descending triangle emerges and the price is ready to break out soon. A descending triangle can be thought of as a compelling price action indicator that typically identifies that prices are likely to keep rallying upward when price breaks out. There is a probability of a rangebound towards the 1.381 level as GBP/USD challenges 1.3795 hurdle.

GBP/JPY: Ascending Triangle

GBP/JPY, 1 hour    SHORT 35 hours ago
The price establishes an ascending triangle and the price requires a next move as a signal of a breakdown. An ascending triangle represents a compelling bearish pattern that often indicates a next move down if price breaks out. GBP/JPY is bearish and en route to the 152.4 level on a breakdown of the ascending triangle.

NZD/USD: Bearish Flag

NZD/USD, 1 hour    SHORT Jun 11
It looks like a bearish flag has been found, the price breaks out. A bearish flag depicts a technical price formation with an upward bias that indicates an interruption of an uptrend in case if price breaks out. It is likely that a bearish push down to 0.717 will happen on a breach of 0.7185.

USD/CAD: Symmetrical Triangle

USD/CAD, 1 hour    SHORT Apr 28
A symmetrical triangle arises. A symmetrical triangle depicts a specific bearish price signal that is used to spot a bearish price action in case if price breakdown occurs. USD/CAD hints a change to the downside to 1.239.

NZD/USD: Ascending Channel

NZD/USD, 1 hour    SHORT Jun 16
There is an ascending channel discovered, NZD/USD expects an active bearish move as a verification of a breakout. If price breaks below support, the resulting move could predict that the price to go down. NZD/USD is bearish and en route towards 0.711 as NZD/USD sticks to the negative mood.
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