Open:
High:
Low:
Close:
DESCENDING TRIANGLE
USD/JPY
1H
There is a descending triangle developing.
A descending triangle can be thought of as a compelling chart formation that often identifies that the price to go long once price breaks through the resistance.
Usdjpy to have better chances of advancing to 157.4 once beyond 157.4.
PENNANT
EUR/USD
1H
A pennant is very close to being completed.
A pennant can be thought of as a technical bullish signal that can be used to spot the more likely potential of rising prices if price breaks out.
It is not ruled out that a bullish run to 1.149 will be made.
PENNANT
AUD/USD
1H
There is a pennant distinguished, the price is ready to break out now.
In case if price breaks out to the the upside, the move could signal a sharp rise.
There is a possibility of a bullish continuation to 0.7135.
RISING WEDGE
GBP/USD
1H
There is a rising wedge poping up, gbpusd lacks more fall as a clue of a breakout.
A rising wedge often signals a bearish price move once price breaks out to the the downside.
Gbpusd opens door for a move to 1.338.
DESCENDING TRIANGLE
NZD/USD 1H
A descending triangle turns up, the price is ready to break out.
If price breaks above resistance, the resulting move could spot that prices are likely to keep rallying upward.
Nzdusd turns higher towards the 0.573 mark.
DESCENDING CHANNEL
GBP/USD
4H
As we can see the price sets up a descending channel, the price is about to break out.
A descending channel denotes a reliable pattern that is angled down that is used to indicate the bears have run out of steam when price breaks through the resistance.
It is possible that a rangebound towards the 1.34 zone will be made as bulls seeking a new high.
DESCENDING CHANNEL
NZD/USD 4H
There is a descending channel materializing.
A descending channel provides a chart pattern that is angled down that can be used to predict that the price to go up once price breaks through the resistance.
Nzdusd to look for a further push to 0.574 on a break above 0.572 as there is room for a upside correction.
BULLISH RECTANGLE
USD/CAD 1H
There is a bullish rectangle determined.
A bullish rectangle is believed to be a compelling price action formation that can be used to indicate a next move up in case if price breaks above resistance.
It is not ruled out that a bullish move to the 1.402 zone will happen as the currency pair is at a brink of a bullish breakout.
RISING WEDGE
USD/CHF
4H
It seems like the price gives a rising wedge.
In case if price breaks below support, the move could signal a bearish price action.
There is a probability of a bearish run to the 0.82 mark on a breakout of the rising wedge.
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