Open:
High:
Low:
Close:
RECTANGLE
NZD/USD 4H
It looks like a rectangle has been determined and the price requires a next active bearish move as proof of a breakdown.
A rectangle often predicts a bearish price action if price breaks down.
Nzdusd to accomodate to 0.556 on a breach of 0.5585 as the currency pair becomes under pressure.
RECTANGLE
EUR/USD
1H
There is a rectangle found, the price is breaking out.
A rectangle typically spots that the price to go short if price collapses through the support line.
A further move towards the 1.12 mark is on the cards on a breakout of the rectangle as bearish momentum increases.
RECTANGLE
GBP/USD
1H
It seems like a rectangle is encountered, the price is ready to break out now.
A rectangle signals the more likely potential of falling prices when price breaks down.
Gbpusd risks extra downside to 1.344 as minor hurdle remains at 1.3452.
ASCENDING CHANNEL
EUR/USD
4H
An ascending channel is found.
If price breaks out to the the downside, the resulting move could identify a temporary interruption of an existing trend.
It is possible that a bearish continuation to the 1.115 mark will occur.
RISING WEDGE
GBP/USD
4H
A rising wedge is close to being completed and the price is going to break out now.
When price breaks out, the move could indicate a further move down.
Gbpusd set to lose more ground towards 1.345 on a break below 1.347 as gbpusd becomes under pressure.
DESCENDING CHANNEL
USD/CAD 4H
There is a descending channel spotted, the price breaks out.
A descending channel is said to depict a compelling price indicator that typically predicts that the price to go long in case if price breaks above resistance.
There is a chance of a move to the 1.402 level.
ASCENDING CHANNEL
GBP/JPY 4H
There is an ascending channel discovered and the price is ready to break out soon.
If price breakdown occurs, the move could spot the more likely potential of falling prices.
Gbpjpy set to fall towards 212.
RECTANGLE
USD/JPY
1H
A rectangle materializes.
A rectangle indicates a move down in case if price breaks out to the the downside.
Usdjpy targets a move towards 157.6 on a breach of 157.8.
RECTANGLE
NZD/USD 1H
We can see that a rectangle happens.
A rectangle represents a technical price indicator that predicts a next move down in case if price breakdown occurs.
Nzdusd is at risk of extending its slump towards the 0.561 zone on a breakout of the rectangle as weakness continues.
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