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USD/CAD: Ascending Channel
USD/CAD,
4 hours
SHORT
Oct 17
An ascending channel is close to being complete and usdcad demands a more move as a signal of a breakout.
An ascending channel results in a bearish price action once price breaks out.
Usdcad to extend the fall to 1.402 on impulse below 1.4035 as upside pressure mitigates.
EUR/USD: Falling Wedge
EUR/USD,
1 hour
LONG
Oct 22
A falling wedge is diagnosed.
If price breaks through the resistance, the move could spot a further move up.
Eurusd embarks on a bullish correction to the 1.161 mark on a upside break as eurusd resumes the upside.
USD/JPY: Pennant
USD/JPY,
4 hours
SHORT
Oct 14
A pennant has been identified.
Once price breaks down, the resulting move could signal a further move down.
Usdjpy could attempt a move to the 151.5 level.
EUR/USD: Descending Channel
EUR/USD,
1 hour
LONG
Aug 2
A descending channel has been discovered, EUR/USD requests a move as a clue of a breakout.
A descending channel is said to depict a technical formation that has a downward slope that can be used to signal a potential reversal in price action in case if price breaks above resistance.
EUR/USD to move up towards 1.084 once beyond 1.0815.
USD/JPY: Symmetrical Triangle
USD/JPY,
1 hour
LONG
Oct 21
The price composes a symmetrical triangle, the price breaks out soon.
A symmetrical triangle suggests a useful bullish price pattern that is used to predict that prices are likely to keep rallying upward when price breaks out to the the upside.
Usdjpy opens door for a move towards the 150.8 zone as usdjpy challenges 150.75 hurdle.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Jun 17
The price composes an ascending channel.
An ascending channel can be thought of as a bearish price action signal that predicts that the price to go short when price breaks down.
AUD/USD dives out bullish trendline to the 0.646 zone as extra rangebound not ruled out.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Sep 24
It seems like an ascending channel is almost completed and the price is ready to break out soon.
An ascending channel can be thought of as a compelling bearish indicator that typically spots that the price to go down if price breaks out to the the downside.
There is a probability of a bearish run towards 0.658 on a breakout of the ascending channel.
GBP/JPY: Descending Channel
GBP/JPY,
4 hours
LONG
Oct 3
It looks like the price develops a descending channel and gbpjpy demands a more active bullish impulse for clear breakout confirmation.
A descending channel typically predicts a breakout higher in case if price breaks through the resistance.
There is a possibility of a bullish move to the 198.5 level on impulse above 198.3 as gbpjpy becomes bullish.
GBP/JPY: Pennant
GBP/JPY,
1 hour
LONG
2 days ago
A pennant is uncovered, the price is ready to break out.
If price breaks out, the resulting move could signal extending an uptrend.
It is possible that a bullish move towards the 206.2 zone will form.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Dec 18
It looks like a descending channel is observed.
A descending channel suggests a compelling indicator that can be used to predict that the price to go up if price breaks through the resistance.
A bullish push up towards the 154.2 level is on the way once beyond 154 as minor hurdle remains at 154.
EUR/USD: Descending Triangle
EUR/USD,
1 hour
SHORT
Apr 12
A descending triangle is diagnosed.
A descending triangle can be thought of as a specific signal that is used to signal a further move down if price breaks out.
EUR/USD looks for a setback to 1.07 once below 1.0704.
USD/CHF: Rectangle
USD/CHF,
4 hours
SHORT
Jun 24
As we can see USD/CHF establishes a rectangle and USD/CHF asks for a move as evidence of a breakout.
A rectangle describes a compelling bearish price action indicator that is used to identify that the price to go down if price collapses through the support line.
It is possible that corrective downside towards 0.81 will be made.