Open:
High:
Low:
Close:
RISING WEDGE
EUR/USD
4H
There is a rising wedge observed, the price is ready to break out soon.
A rising wedge can be thought of as a technical price action formation that often spots a further move down in case if price breaks down.
A bearish price action towards 1.162 is possible.
BULLISH FLAG
GBP/USD
1H
The price develops a bullish flag and the price is breaking out.
A bullish flag tends to be a useful price indicator that typically spots that the price to go up if price breaks out to the the upside.
Gbpusd advances higher to 1.346.
BULLISH FLAG
GBP/JPY 1H
A bullish flag has been encountered.
A bullish flag identifies a price action formation that signals that the price to go long if price breaks through the resistance.
There is a chance of a move towards the 214.4 mark on a break above 214.35.
PENNANT
GBP/USD
1H
As we can see gbpusd develops a pennant, the price needs a bigger correction as a signal of a breakdown.
A pennant describes a signal that is used to signal the bulls have run out of steam when price breaks through the support.
Gbpusd could recede towards 1.343 on a breach of 1.3442 as sell-off may continue.
PENNANT
GBP/JPY 1H
It seems like a pennant has been noticed, the price requires a more strong move as a clue of a breakout.
A pennant denotes a bearish price indicator that typically predicts a move down once price breaks down.
Decline to 214.1 is about to happen.
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle is close to being done and the price is close to breaking out now.
An ascending triangle represents a technical bullish chart indicator that is used to spot that prices are likely to keep rallying upward once price breaks above resistance.
Usdjpy pushes higher towards 159.4 on a breach of 159.36 as door open for the continuation of the uptrend.
RECTANGLE
USD/CHF
1H
It looks like a rectangle is close to completion, usdchf calls for a further bigger move to confirm a breakout.
A rectangle is a chart pattern that often identifies extending an uptrend when price breaks out.
It is possible that a bullish run to the 0.787 level will form on a breach of 0.7862.
ASCENDING CHANNEL
GBP/USD
4H
We can see that an ascending channel emerges and the price is about to break out.
When price breaks below support, the move could spot an upward trend is about to reverse into an downward trend.
Corrective downside towards the 1.344 mark looks likely once below 1.3445.
ASCENDING TRIANGLE
USD/CAD 1H
There is an ascending triangle diagnosed, the price is about to break out.
An ascending triangle represents a useful bullish pattern that typically indicates a bullish price move if price breaks above resistance.
Usdcad to head to the 1.3825 level once above 1.3819.
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.