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.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
10 hours ago
USD/JPY shapes an ascending channel, the price is ready to break out now.
Once price breakdown occurs, the resulting move could predict reversals in uptrends.
USD/JPY tests a move to 155 as sell-off may continue.
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.
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.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
May 15
A rectangle has been encountered.
When price breakdown occurs, the resulting move could signal the bulls have run out of steam.
USD/JPY could drop to 156.1.
USD/CHF: Descending Channel
USD/CHF,
4 hours
LONG
Nov 6
USD/CHF completes a descending channel and the price is ready to break out soon.
A descending channel represents a specific price signal that predicts a bearish-to-bullish trend reversal in case if price breaks through the resistance.
It is not ruled out that a rangebound to the 0.872 zone will form on a breach of 0.87 as door open for a test of 0.872.
USD/JPY: Rectangle
USD/JPY,
1 day
LONG
Oct 5
As we can see a rectangle is close to being finished and USD/JPY expects more push up as a verification of a breakout.
A rectangle results in that prices are likely to keep rallying upward once price breaks out to the the upside.
There is a chance of a bullish move towards the 148 zone once above 147.5 as indicators turn bullish.
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.
USD/CHF: Rectangle
USD/CHF,
1 hour
SHORT
Jan 23
A rectangle is close to being done and the price is ready to break out soon.
A rectangle suggests a bearish price pattern that spots prices are likely to keep falling downward when price collapses through the support line.
There is a possibility of corrective downside towards the 0.866 level on impulse below 0.8672.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Oct 3
It seems like a rising wedge is close to being completed and USD/JPY asks for a move for the certainty of breakout.
A rising wedge provides a specific pattern that indicates prices are likely to keep falling downward in case if price breaks out.
Decline towards 149.6 stays on the cards.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Apr 27
A descending channel happens and the price is about to break out.
A descending channel can be thought of as a reliable pattern that is used to identify a countertrend succeeding the current trend if price breaks through the resistance.
A further bullish continuation to 134 about to be made.
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