Open:
High:
Low:
Close:
BEARISH FLAG
USD/CAD 1D
A bearish flag has been discovered.
A bearish flag depicts a useful price action indicator that results in that the price to go short in case if price breaks down.
It is possible that a bearish price action towards the 1.365 mark will happen once below 1.37 as door open for a test of 1.365.
DESCENDING TRIANGLE
USD/CHF
1D
A descending triangle has been noticed and usdchf calls for a further active move as a sign of a breakout.
A descending triangle typically signals a next move down if price collapses through the support line.
Usdchf risks potential downside towards 0.78.
RISING WEDGE
GBP/JPY 1H
A rising wedge arises, the price is ready to break out now.
A rising wedge is a price action signal that can be used to signal the bulls have run out of steam when price breaks down.
There is a possibility of a rangebound towards 213 as bears looking for profit.
RECTANGLE
USD/JPY
1H
It seems like a rectangle is detected and the price is breaking out.
In case if price breaks out, the move could signal a bearish price move.
There is a possibility of a further bearish run to the 157.5 mark on a break below 157.9.
DESCENDING TRIANGLE
USD/CHF
1H
A descending triangle develops and usdchf asks for a further bigger correction for clear breakdown confirmation.
A descending triangle indicates that the price to go short in case if price breaks down.
Usdchf to slide to the 0.788 level on a breakout of the descending triangle.
ASCENDING CHANNEL
GBP/JPY 4H
An ascending channel comes out.
When price breaks out, the move could signal a bullish-to-bearish trend reversal.
It is not ruled out that a move to the 212 zone will form on a break below 212.6.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel poping up and the price wants a next bigger move to confirm ascending channel breakdown.
If price breakdown occurs, the move could spot a temporary interruption of an existing trend.
There is a probability of a bearish move towards the 1.172 mark on a breakout of the ascending channel as bears looking for profit.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel has been determined and usdjpy wants more push down for clear breakdown confirmation.
An ascending channel is believed to be a reliable formation that is angled up that is used to predict a next move down if price breaks through the support.
Usdjpy set to accelerate its decline towards the 158 mark amid usdjpy recedes from tops.
RISING WEDGE
AUD/USD
1H
There is a rising wedge taking place and the price wants a more move for the certainty of breakdown.
A rising wedge typically signals that prices move counter to the prevailing price trend if price breaks out to the the downside.
It is not ruled out that a rangebound towards the 0.684 mark will form as door open for a test of 0.684.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.