Open:
High:
Low:
Close:
ASCENDING CHANNEL
GBP/JPY 1H
It looks like an ascending channel is close to being finished, the price is going to break out.
In case if price breaks through the support, the move could indicate a further move down.
It is possible that decline towards 212.6 will happen as gbpjpy becomes weak.
BULLISH FLAG
EUR/USD
1H
There is a bullish flag identified, the price is breaking out.
A bullish flag describes a compelling bullish chart indicator that can be used to identify a downward trend is about to reverse into an upnward trend if price breaks above resistance.
Eurusd to look for a further push towards the 1.156 level as eurusd is at a brink of a bullish breakout.
RISING WEDGE
USD/JPY
1H
A rising wedge has been observed.
In case if price collapses through the support line, the resulting move could predict a next move down.
Usdjpy to slump to the 159.4 zone.
RECTANGLE
NZD/USD 4H
There is a rectangle materializing, nzdusd calls for a further move as proof of a breakdown.
A rectangle often spots an extension in the downward direction when price breaks out.
Nzdusd now looks to 0.576 as gains remain capped.
ASCENDING TRIANGLE
USD/CHF
4H
We can see that an ascending triangle comes out and usdchf calls for a next strong move as a verification of a breakout.
An ascending triangle results in an extension in the upward direction when price breaks through the resistance.
Usdchf to push up towards 0.796 amid usdchf recovers from recent lows.
DESCENDING TRIANGLE
GBP/JPY 1H
A descending triangle has been uncovered and the price is breaking out.
A descending triangle tends to be a bullish indicator that typically indicates extending an uptrend when price breaks through the resistance.
It is likely that a rangebound to the 213.2 mark will happen.
FALLING WEDGE
GBP/USD
1H
We can see that a falling wedge has been recognized and the price calls for a further steady impulse up as an information of a breakout.
If price breaks out, the resulting move could signal a downward trend is about to reverse into an upnward trend.
Gbpusd to peak to 1.336 as bulls looking for upside correction.
ASCENDING CHANNEL
USD/CAD 1H
An ascending channel comes out.
An ascending channel depicts a chart formation that identifies a next move down when price breaks down.
Usdcad to maintain its negative tone towards 1.382 while below 1.3825 as bearish momentum increases.
PENNANT
GBP/JPY 1H
A pennant is close to being done, the price requires a next move as a signal of a breakdown.
A pennant is said to depict a price pattern that can be used to predict that the price to go down in case if price collapses through the support line.
Gbpjpy challenges a move to the 212.9 level.
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