Open:
High:
Low:
Close:
BEARISH FLAG
USD/CAD 4H
There is a bearish flag arising and the price requires a move as proof of a breakdown.
If price breaks out to the the downside, the move could spot price reversal after a pause.
A bearish push down to the 1.395 zone is on the way.
DESCENDING CHANNEL
NZD/USD 4H
A descending channel is almost done and the price is close to breaking out.
A descending channel is considered to be a price formation that is angled down that typically spots the more likely potential of rising prices if price breaks out.
There is a probability of a further bullish move to the 0.574 level.
DESCENDING TRIANGLE
GBP/USD
1H
A descending triangle has been detected and the price is about to break out soon.
A descending triangle is a useful bearish formation that is used to indicate a bearish move if price collapses through the support line.
There is a chance of decline to the 1.334 zone on a breakdown of the descending triangle as the currency pair probes 1.334 hurdle.
RISING WEDGE
AUD/USD
1H
It seems like a rising wedge is almost finished and the price is about to break out now.
A rising wedge often signals that the price to go short when price breaks through the support.
Audusd to suffer a steeper decline towards the 0.711 zone as extra rangebound not ruled out.
ASCENDING TRIANGLE
EUR/USD
1H
Eurusd shows an ascending triangle.
An ascending triangle typically spots an extension in the downward direction in case if price breaks out.
Eurusd to continue lower to 1.148 as weakness continues.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel detected, the price is about to break out.
In case if price breaks above resistance, the resulting move could identify that the price to go long.
Gbpusd to peak towards 1.338 on a breakout of the descending channel as indicators turn bullish.
PENNANT
NZD/USD 1H
It seems like a pennant is close to being complete and the price is about to break out soon.
A pennant typically results in a next move down in case if price breakdown occurs.
Decline towards the 0.571 level looks probable on a breakdown of the pennant.
FALLING WEDGE
USD/CAD 1H
It looks like a falling wedge has been diagnosed.
A falling wedge is a useful bullish price pattern that is used to spot that the price to go long when price breaks through the resistance.
Usdcad looks north towards 1.3995.
FALLING WEDGE
GBP/USD
1H
There is a falling wedge diagnosed and gbpusd wants next steady rise for clear breakout confirmation.
A falling wedge identifies an extension in the upward direction in case if price breaks above resistance.
A bullish continuation towards 1.338 stays on the cards.
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.