Open:
High:
Low:
Close:
PENNANT
GBP/JPY 1H
A pennant arises, the price asks for a bigger correction to confirm pennant breakout.
If price collapses through the support line, the resulting move could identify a sharp decline.
Gbpjpy is at risk of extending its slump to the 213.6 level as bears look for entries.
ASCENDING CHANNEL
USD/CAD 4H
An ascending channel is close to being done.
An ascending channel signals price reversal after a pause when price breaks down.
Usdcad risks potential downside to 1.375 on a downside break.
BULLISH FLAG
USD/JPY
1H
There is a bullish flag arising and the price calls for a strong move as a clue of a breakout.
A bullish flag identifies a reliable bullish chart formation that has a downward slope that predicts that the price to go up when price breaks through the resistance.
Usdjpy is bullish and en route towards 159.4 amid the currency pair recovers from recent lows.
DESCENDING CHANNEL
GBP/JPY 1H
There is a descending channel arising and the price is close to breaking out.
A descending channel tends to be a price action pattern with a downward bias that can be used to predict a move up once price breaks out to the the upside.
Gbpjpy to increase bullish potential towards 214.
RECTANGLE
EUR/USD
4H
A rectangle is spotted and eurusd demands a further impulse up as a clue of a breakout.
Once price breaks above resistance, the move could signal the more likely potential of rising prices.
Eurusd turns higher towards 1.166 on a upside break.
RECTANGLE
USD/JPY
1H
A rectangle is close to completion and the price wants steady pullback for clear breakdown confirmation.
When price collapses through the support line, the resulting move could predict an extension in the downward direction.
It is possible that a bearish run towards 159.2 will happen as there is room for a downside correction.
ASCENDING CHANNEL
USD/CAD 1H
We can see that an ascending channel is very close to being finished, usdcad requires a bigger move as an information of a breakout.
An ascending channel identifies a useful bearish pattern that is used to signal that the price to go short in case if price collapses through the support line.
There is a probability of a further move to 1.382 once below 1.384.
ASCENDING TRIANGLE
USD/CHF
4H
It seems like an ascending triangle is very close to being completed, usdchf demands a further active move as a verification of a breakout.
An ascending triangle is said to depict a technical bearish price action formation that signals the more likely potential of falling prices if price breakdown occurs.
Usdchf to fall to 0.786.
ASCENDING CHANNEL
USD/CAD 4H
The price builds an ascending channel and the price asks for a further steady move as evidence of a breakout.
An ascending channel describes a compelling signal that can be used to signal a bearish price action once price breakdown occurs.
It is possible that a bearish continuation towards 1.382 will be made.
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