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GBP/JPY: Descending Triangle
GBP/JPY,
1 hour
LONG
Mar 19
There is a descending triangle encountered and GBP/JPY asks for a bit more consolidation as a verification of a breakout.
A descending triangle tends to be a useful price action indicator that is used to predict an extension in the upward direction when price breaks through the resistance.
It is not ruled out that a bullish move towards the 190 level will form on a breakout of the descending triangle.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
30 hours ago
An ascending channel develops and the price is ready to break out now.
An ascending channel suggests a bearish price action indicator that indicates a next move down once price breaks out to the the downside.
There is a chance of a rangebound to 0.912 as minor hurdle remains at 0.9126.
GBP/JPY: Rectangle
GBP/JPY,
1 hour
LONG
May 25
It seems like GBP/JPY shapes a rectangle, the price is about to break out.
A rectangle is a specific bullish indicator that often spots the bears have run out of steam once price breaks through the resistance.
GBP/JPY to strengthen to 172.8.
GBP/USD: Bearish Rectangle
GBP/USD,
1 hour
SHORT
Apr 12
As we can see the price forms a bearish rectangle, GBP/USD wants a next bearish action for clear breakout confirmation.
A bearish rectangle is believed to be a technical bearish price pattern that predicts prices are likely to keep falling downward if price breaks out to the the downside.
Decline towards 1.25 looks likely while lower than 1.2515.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
2 days ago
There is a descending channel coming out, the price requires a bullish impulse for the certainty of breakout.
A descending channel typically indicates a bullish price action when price breaks through the resistance.
GBP/USD to move upward to the 1.25 mark on a breakout of the descending channel as GBP/USD looks bid.
GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Sep 20
There is a bearish flag revealed, the price is breaking out.
A bearish flag can be thought of as a technical bearish price action pattern with an upward bias that predicts a bearish price move in case if price breaks out.
A bearish move towards 1.237 is on the cards.
USD/CAD: Falling Wedge
USD/CAD,
4 hours
LONG
Apr 3
USD/JPY: Bullish Rectangle
USD/JPY,
1 hour
LONG
Apr 15
There is a bullish rectangle observed, the price wants a bit more consolidation as an information of a breakout.
A bullish rectangle spots the bears have run out of steam when price breaks through the resistance.
USD/JPY turns bullish towards 153.6.
NZD/USD: Descending Channel
NZD/USD,
1 hour
LONG
Mar 6
A descending channel materializes and NZD/USD demands steady push up as a sign of a breakout.
A descending channel describes a bullish price indicator that signals a downward trend is about to reverse into an upnward trend once price breaks through the resistance.
NZD/USD to push up towards 0.611.
NZD/USD: Ascending Triangle
NZD/USD,
1 hour
SHORT
Mar 27
It looks like NZD/USD builds an ascending triangle and the price breaks out soon.
An ascending triangle provides a price action pattern that typically results in a move down if price collapses through the support line.
It is possible that corrective downside towards 0.5995 will take place on a breach of 0.5998.
EUR/USD: Bullish Flag
EUR/USD,
1 hour
LONG
2 days ago
GBP/JPY: Rectangle
GBP/JPY,
1 hour
SHORT
Jul 27
There is a rectangle appearing.
A rectangle is believed to be a specific formation that can be used to signal a bearish price move when price breaks below support.
GBP/JPY set to accelerate its decline to 180.8.