Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/CHF
1H
As we can see an ascending channel has been exposed and the price is ready to break out.
An ascending channel tends to be a compelling bearish price indicator that often signals an extension in the downward direction if price breaks through the support.
Usdchf risks potential downside to the 0.818 zone amid usdchf recedes from recent highs.
DESCENDING CHANNEL
GBP/JPY 1H
The price develops a descending channel.
A descending channel is believed to be a reliable pattern that can be used to predict a temporary interruption of an existing trend when price breaks through the resistance.
Gbpjpy to continue the appreciation trend towards the 211.8 zone once beyond 211.7.
FALLING WEDGE
GBP/JPY 1H
There is a falling wedge uncovered and gbpjpy expects a bullish continuation as a sign of a breakout.
A falling wedge suggests a technical bullish indicator that typically indicates a next move up if price breaks above resistance.
Gbpjpy to move up to 212 once beyond 211.6.
ASCENDING CHANNEL
USD/CAD 1H
The price establishes an ascending channel.
Once price collapses through the support line, the move could indicate prices are likely to keep falling downward.
There is a chance of a move towards the 1.405 mark on a breach of 1.411.
RISING WEDGE
USD/JPY
1H
A rising wedge is observed.
A rising wedge depicts a specific price pattern that has an upward slope that identifies a bearish price action once price collapses through the support line.
Usdjpy challenges a move to 158.2 amid rising bets for the move.
ASCENDING CHANNEL
USD/CHF
1H
An ascending channel is very close to being completed.
An ascending channel results in a change in price direction if price collapses through the support line.
There is a possibility of a bearish push down to the 0.818 zone on a breakdown of the ascending channel as usdchf looks offered.
DESCENDING TRIANGLE
NZD/USD 1D
A descending triangle develops, the price wants active pullback as proof of a breakdown.
A descending triangle can be thought of as a compelling price action formation that typically spots an extension in the downward direction in case if price breaks down.
A bearish run to 0.555 looks probable.
BEARISH RECTANGLE
AUD/USD
1D
As we can see the price sets up a bearish rectangle and the price asks for a steady move as evidence of a breakout.
A bearish rectangle tends to be a useful price action signal that can be used to spot a next move down once price breakdown occurs.
There is a chance of decline to the 0.685 level on a breach of 0.691.
FALLING WEDGE
GBP/USD
1H
It seems like a falling wedge develops.
If price breaks out, the resulting move could identify a break in the price direction.
There is a chance of a rangebound towards 1.338.
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