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EUR/USD: Rectangle
EUR/USD,
1 hour
LONG
Nov 13
There is a rectangle observed and the price requests a further bigger bullish continuation as a sign of a breakout.
A rectangle depicts a useful bullish pattern that can be used to predict a sharp rise if price breaks out to the the upside.
EUR/USD pushes higher towards 1.071 on a upside break.
GBP/JPY: Descending Triangle
GBP/JPY,
1 hour
LONG
Mar 19
There is a descending triangle encountered and GBP/JPY asks for a bit more consolidation as a verification of a breakout.
A descending triangle tends to be a useful price action indicator that is used to predict an extension in the upward direction when price breaks through the resistance.
It is not ruled out that a bullish move towards the 190 level will form on a breakout of the descending triangle.
GBP/JPY: Rectangle
GBP/JPY,
1 hour
LONG
Mar 3
A rectangle has been detected and the price asks for a more strong impulse up to confirm rectangle breakout.
A rectangle tends to be a technical bullish chart signal that typically predicts a bullish price move if price breaks out.
GBP/JPY does not rule out a move to the 190.5 mark.
GBP/JPY: Rectangle
GBP/JPY,
1 hour
LONG
May 25
It seems like GBP/JPY shapes a rectangle, the price is about to break out.
A rectangle is a specific bullish indicator that often spots the bears have run out of steam once price breaks through the resistance.
GBP/JPY to strengthen to 172.8.
GBP/USD: Bearish Rectangle
GBP/USD,
1 hour
SHORT
Apr 12
As we can see the price forms a bearish rectangle, GBP/USD wants a next bearish action for clear breakout confirmation.
A bearish rectangle is believed to be a technical bearish price pattern that predicts prices are likely to keep falling downward if price breaks out to the the downside.
Decline towards 1.25 looks likely while lower than 1.2515.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Sep 18
There is an ascending channel materializing, the price is ready to break out.
An ascending channel typically results in the more likely potential of falling prices in case if price breaks out.
It is likely that corrective downside to the 0.675 level will occur on impulse below 0.676.
GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Sep 20
There is a bearish flag revealed, the price is breaking out.
A bearish flag can be thought of as a technical bearish price action pattern with an upward bias that predicts a bearish price move in case if price breaks out.
A bearish move towards 1.237 is on the cards.
GBP/JPY: Pennant
GBP/JPY,
1 day
LONG
Mar 13
A pennant forms and the price is close to breaking out now.
A pennant typically signals a further move up if price breaks out.
It is likely that a rangebound towards the 193 level will occur.
USD/CAD: Falling Wedge
USD/CAD,
4 hours
LONG
Apr 3
GBP/USD: Ascending Channel
GBP/USD,
1 day
SHORT
Mar 27
It seems like an ascending channel is close to completion.
An ascending channel describes a reliable pattern that is angled up that typically results in that the price to go short when price breaks out.
GBP/USD risks a correction to 1.28.
USD/JPY: Bullish Rectangle
USD/JPY,
1 hour
LONG
Apr 15
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.
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.