Open:
High:
Low:
Close:
ASCENDING TRIANGLE
USD/CAD 1H
As we can see an ascending triangle has been exposed.
An ascending triangle often identifies a sharp decline when price breaks down.
Extra downside to 1.416 is likely while lower than 1.4164 amid rising bets for the move.
DESCENDING CHANNEL
AUD/USD
1D
A descending channel is close to being complete, audusd needs a bigger move as a sign of a breakout.
Once price breaks out, the resulting move could identify a move up.
A further bullish price action to 0.7 is going to happen as downside pressure mitigates.
PENNANT
EUR/USD
4H
A pennant has been identified and the price is ready to break out.
A pennant often results in that the price to go long once price breaks above resistance.
Eurusd looks ready to further extend its gains to 1.146 as eurusd looks bid.
RISING WEDGE
GBP/JPY 4H
There is a rising wedge encountered and the price is close to breaking out.
A rising wedge predicts a change in the prevailing trend once price breaks below support.
Gbpjpy to push down towards 217 on a breach of 217.4.
RISING WEDGE
AUD/USD
1H
The price gives a rising wedge, audusd asks for an active bearish impulse as an information of a breakdown.
Once price breaks down, the move could signal extending an downtrend.
Audusd risks further decline to the 0.693 mark as indicators favor bears.
DESCENDING CHANNEL
USD/CHF
1H
It seems like a descending channel is almost done and the price requires a next move as a verification of a breakout.
A descending channel identifies a temporary interruption during a falling market in case if price breaks out.
It is possible that a rangebound to the 0.808 level will take place as bulls look for entries.
PENNANT
USD/JPY
1H
A pennant is almost done, usdjpy needs a further move as a verification of a breakdown.
A pennant is a compelling chart formation that is used to identify a next move down once price breakdown occurs.
It is not ruled out that a rangebound to the 162.2 zone will form on a breakout of the pennant as the currency pair nears 162.3 hurdle.
DESCENDING TRIANGLE
AUD/USD
1H
Audusd shows a descending triangle and the price is ready to break out.
A descending triangle identifies a reliable bullish chart signal that can be used to signal a bullish price move if price breaks out to the the upside.
A bullish continuation to the 0.695 level looks likely on impulse above 0.6942 as extra rangebound not ruled out.
PENNANT
USD/JPY
1H
As we can see a pennant takes place and the price requests a more strong move as proof of a breakout.
A pennant provides a reliable chart formation that predicts a sharp rise if price breaks out to the the upside.
There is a chance of a move towards the 162.5 zone on a breach of 162.4.
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