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DESCENDING CHANNEL
USD/CHF
1H
We can see that the price develops a descending channel, usdchf needs an active move as proof of a breakout.
A descending channel suggests a compelling bullish price formation that is angled down that indicates that the price to go long in case if price breaks out to the the upside.
It is possible that a further bullish push up towards the 0.798 zone will occur on a breach of 0.7955 as minor hurdle remains at 0.7955.
RISING WEDGE
NZD/USD 1H
A rising wedge has been observed and the price requests a further bearish move to confirm rising wedge breakout.
A rising wedge denotes a technical chart signal that typically signals that the price to go short if price breaks through the support.
There is a probability of a further bearish move towards 0.58 as bears looking for downside correction.
RISING WEDGE
GBP/USD
1H
There is a rising wedge found and gbpusd expects a more bearish move as evidence of a breakdown.
A rising wedge is a specific price action indicator that typically results in a potential reversal in price action in case if price breakdown occurs.
There is a chance of corrective downside towards the 1.338 zone on a downside break as gains remain capped.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel found.
A descending channel represents a price action indicator that typically spots an interruption of a downtrend in case if price breaks out.
Usdjpy tests a move towards 156 on a breakout of the descending channel.
DESCENDING TRIANGLE
USD/CAD 1H
A descending triangle is very close to being completed and the price breaks out.
A descending triangle is considered to be a technical bearish price indicator that often signals a further move down once price breaks out.
There is a chance of a further bearish continuation to the 1.376 level on a downside break.
BULLISH FLAG
USD/JPY
1H
There is a bullish flag occuring, the price requires a strong move to confirm bullish flag breakout.
A bullish flag often signals a further move up when price breaks out.
Usdjpy to grind higher to the 156.2 zone on a breakout of the bullish flag as the currency pair sticks to the positive mood.
DESCENDING CHANNEL
USD/CHF
1H
The price shows a descending channel.
A descending channel often indicates that the price to go up in case if price breaks above resistance.
A bullish continuation to the 0.802 zone is on the cards as usdchf nears 0.8 hurdle.
RECTANGLE
USD/CHF
4H
There is a rectangle turning up.
A rectangle is believed to be a reliable price pattern that can be used to indicate a move down in case if price breaks below support.
Usdchf could drop to 0.796.
ASCENDING CHANNEL
NZD/USD 1H
There is an ascending channel turning up.
When price breaks out, the move could identify a bearish price action.
There is a probability of a bearish move towards 0.579.
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