Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/CAD 1H
There is an ascending channel distinguished.
An ascending channel often indicates a break during an uptrending market once price breakdown occurs.
Usdcad turns lower towards 1.384 as downtrend may continue.
PENNANT
EUR/USD
4H
Eurusd creates a pennant, the price is about to break out now.
When price breaks out to the the downside, the move could spot a bearish price action.
A bearish push down towards 1.152 stays on the cards while lower than 1.152.
ASCENDING TRIANGLE
GBP/USD
4H
An ascending triangle has been distinguished.
An ascending triangle denotes a signal that identifies a bearish price action once price collapses through the support line.
There is a possibility of decline to the 1.33 level as the currency pair probes 1.332 hurdle.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel has been discovered.
A descending channel typically indicates a temporary interruption of an existing trend once price breaks out to the the upside.
It is not ruled out that a bullish run towards the 1.336 mark will occur as bulls looking for upside correction.
DESCENDING CHANNEL
NZD/USD 1H
There is a descending channel taking place, the price is about to break out.
A descending channel identifies a specific pattern with a downward bias that typically signals that the price to go long when price breaks above resistance.
Nzdusd now looks towards the 0.58 level on a breakout of the descending channel.
DESCENDING CHANNEL
AUD/USD
1H
It seems like the price shows a descending channel and the price is breaking out.
When price breaks above resistance, the move could indicate a bullish price move.
Audusd looks ready to further extend its gains to 0.69 as the currency pair sticks to the positive mood.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel coming out and the price requires further steady rise as an information of a breakout.
When price breaks through the resistance, the resulting move could indicate a sharp rise.
Eurusd to maintain its positive tone to 1.154 once beyond 1.1536.
DESCENDING CHANNEL
NZD/USD 1H
There is a descending channel detected.
A descending channel results in a downward trend is about to reverse into an upnward trend if price breaks out.
A bullish push up towards 0.577 is likely on a breakout of the descending channel.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel appears, the price requests a bigger correction as an indication of a breakdown.
An ascending channel spots a further move down if price breaks below support.
A bearish push down towards the 159.5 level is likely to happen on a breach of 159.56 as minor hurdle remains at 159.56.
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