Open:
High:
Low:
Close:
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.
USD/JPY: Pennant
USD/JPY,
1 hour
LONG
Dec 18
USD/JPY establishes a pennant and the price requires a next bullish continuation as a clue of a breakout.
A pennant provides a technical bullish chart indicator that often results in a sharp rise if price breaks out to the the upside.
A bullish price action towards the 154.2 zone about to be made while above 154.1.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
May 15
A rectangle has been encountered.
When price breakdown occurs, the resulting move could signal the bulls have run out of steam.
USD/JPY could drop to 156.1.
GBP/JPY: Bullish Flag
GBP/JPY,
1 hour
LONG
Jan 24
It seems like a bullish flag is determined.
Once price breaks out, the move could signal a bullish price move.
GBP/JPY to have better chances of advancing to 193.
USD/CHF: Ascending Channel
USD/CHF,
1 day
SHORT
Jan 28
An ascending channel forms.
An ascending channel often predicts a bearish move once price breaks through the support.
A further bearish move towards the 0.88 zone looks possible as the currency pair is at a brink of a bearish breakout.
USD/CHF: Ascending Channel
USD/CHF,
1 day
SHORT
Feb 6
An ascending channel emerges.
An ascending channel can be thought of as a compelling indicator that often predicts a break during an uptrending market in case if price breaks through the support.
USD/CHF to continue lower to 0.9 as outlook for USD/CHF stays negative.
GBP/JPY: Rectangle
GBP/JPY,
1 hour
SHORT
Jul 27
There is a rectangle appearing.
A rectangle is believed to be a specific formation that can be used to signal a bearish price move when price breaks below support.
GBP/JPY set to accelerate its decline to 180.8.
USD/CHF: Rectangle
USD/CHF,
1 hour
SHORT
Jan 23
A rectangle is close to being done and the price is ready to break out soon.
A rectangle suggests a bearish price pattern that spots prices are likely to keep falling downward when price collapses through the support line.
There is a possibility of corrective downside towards the 0.866 level on impulse below 0.8672.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Oct 3
It seems like a rising wedge is close to being completed and USD/JPY asks for a move for the certainty of breakout.
A rising wedge provides a specific pattern that indicates prices are likely to keep falling downward in case if price breaks out.
Decline towards 149.6 stays on the cards.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Apr 27
A descending channel happens and the price is about to break out.
A descending channel can be thought of as a reliable pattern that is used to identify a countertrend succeeding the current trend if price breaks through the resistance.
A further bullish continuation to 134 about to be made.
AUD/USD: Ascending Triangle
AUD/USD,
4 hours
SHORT
Jan 31
An ascending triangle is found.
An ascending triangle provides a specific chart formation that is used to spot the more likely potential of falling prices when price breaks out.
It is not ruled out that corrective downside to 0.656 will be made.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Jun 12
There is a descending channel turning up.
A descending channel describes a price pattern that is used to spot a next move up in case if price breaks out to the the upside.
A bullish continuation towards the 0.6615 mark is a possibility as bulls lurking in demand zone.