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ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel diagnosed.
An ascending channel suggests a technical bearish price action pattern that spots a change in the prevailing trend if price breaks out.
There is a chance of a bearish price action towards the 1.366 mark.
DESCENDING CHANNEL
USD/CAD 1H
We can see that a descending channel happens and usdcad requests more rise as an information of a breakout.
A descending channel is a bullish pattern that is angled down that can be used to predict a further move up in case if price breaks out.
Usdcad violates bearish trendline to 1.375 on a break above 1.373 as the currency pair resumes the upside.
ASCENDING CHANNEL
GBP/JPY 1D
An ascending channel comes out.
When price collapses through the support line, the resulting move could signal a trend change to the downside.
Gbpjpy to continue lower towards the 210 zone on a break below 211.
ASCENDING CHANNEL
NZD/USD 1H
An ascending channel is identified.
An ascending channel can be thought of as a useful bearish chart indicator that is used to signal an upward trend is nearing its end in case if price breaks down.
There is a probability of a bearish continuation towards 0.596.
RISING WEDGE
AUD/USD
1H
A rising wedge is close to being done, audusd asks for a further move as evidence of a breakout.
A rising wedge often signals a break in the price direction when price breaks out to the the downside.
Extra downside to 0.692 is on the way.
ASCENDING CHANNEL
NZD/USD 1H
Nzdusd builds an ascending channel, the price wants a further bearish impulse as an information of a breakout.
Once price breaks through the support, the resulting move could predict a tendency to break in the opposite direction.
A bearish push down towards the 0.594 zone is on the cards while lower than 0.596.
RECTANGLE
EUR/USD
1D
There is a rectangle taking place, the price calls for a more steady move as a signal of a breakout.
A rectangle is said to depict a compelling bullish price action pattern that can be used to indicate that the price to go up in case if price breaks through the resistance.
Eurusd to move up to 1.185 on a breach of 1.18.
BULLISH FLAG
GBP/USD
1D
A bullish flag is exposed, gbpusd expects more strong rise as a clue of a breakout.
A bullish flag predicts a break during a downtrending market when price breaks out.
There is a chance of a bullish move to the 1.36 level on a breakout of the bullish flag.
RISING WEDGE
USD/JPY
1D
A rising wedge happens, the price expects a next bigger move as a verification of a breakout.
A rising wedge tends to be a specific pattern that can be used to predict a temporary interruption of an existing trend in case if price breaks out.
Usdjpy set to fall to 157.
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