Open:
High:
Low:
Close:
RECTANGLE
EUR/USD
4H
As we can see a rectangle has been identified and the price expects more steady fall as a clue of a breakout.
A rectangle typically predicts an extension in the downward direction if price breaks out to the the downside.
A bearish continuation towards the 1.138 zone is not ruled out.
RISING WEDGE
AUD/USD
4H
A rising wedge is noticed.
Once price breaks through the support, the move could indicate a tendency to break in the opposite direction.
There is a chance of a rangebound towards 0.699.
BULLISH FLAG
USD/CAD 1H
It seems like a bullish flag appears and the price demands a bigger move to confirm bullish flag breakout.
A bullish flag is believed to be a bullish pattern that often signals a downward trend is nearing its end once price breaks above resistance.
Usdcad dives out bearish trendline towards 1.409.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel developing and the price breaks out soon.
An ascending channel indicates that the price to go down in case if price breaks out.
There is a possibility of extra downside to the 1.141 zone on a breakdown of the ascending channel as extra rangebound not ruled out.
PENNANT
USD/JPY
1H
A pennant is close to being finished, the price requires a next active move as a verification of a breakout.
A pennant often spots a move up in case if price breaks out to the the upside.
There is a possibility of a bullish run towards the 163.2 zone once beyond 163.14.
RISING WEDGE
GBP/USD
1H
There is a rising wedge developing.
A rising wedge often identifies a trend change to the downside in case if price breaks below support.
Gbpusd could recede to 1.337 once below 1.3376.
PENNANT
GBP/JPY 1H
There is a pennant arising and gbpjpy needs a move to confirm pennant breakdown.
In case if price breaks below support, the resulting move could indicate a further move down.
It is likely that a bearish price action towards the 218.1 zone will be made.
RECTANGLE
NZD/USD 4H
It looks like the price shows a rectangle.
A rectangle results in a bearish move when price breakdown occurs.
Nzdusd could attempt a move towards 0.581 on a break below 0.581.
ASCENDING CHANNEL
USD/CHF
1H
We can see that an ascending channel is very close to being completed.
An ascending channel denotes a reliable bearish chart signal that can be used to indicate a bearish price action once price collapses through the support line.
It is not ruled out that a further bearish run towards 0.813 will happen once below 0.8132.
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.