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ASCENDING CHANNEL
GBP/JPY 1H
There is an ascending channel occuring and the price demands fall as an information of a breakout.
Once price breaks through the support, the resulting move could spot a bearish move.
A rangebound towards the 213.5 mark is not ruled out as gbpjpy becomes vulnerable.
ASCENDING TRIANGLE
USD/JPY
4H
An ascending triangle has been determined and usdjpy wants a further active bearish action as evidence of a breakdown.
In case if price collapses through the support line, the resulting move could indicate a bearish price move.
Usdjpy is at risk of resuming its decline towards 157.8 as the currency pair becomes bearish.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle observed and the price demands a more move as a verification of a breakout.
If price breaks out, the move could predict a move up.
Usdjpy is bullish and en route towards 159 as bulls look for entries.
DESCENDING CHANNEL
USD/CAD 1H
We can see that a descending channel has been observed and the price is ready to break out.
In case if price breaks out, the move could signal price heading to a new direction.
A bullish price action towards 1.38 is not ruled out on a breach of 1.3795 as the currency pair loses bearish momentum.
BULLISH FLAG
USD/CHF
1H
There is a bullish flag arising, the price demands further strong push up as proof of a breakout.
A bullish flag depicts a compelling price pattern that has a downward slope that identifies an extension in the upward direction when price breaks out to the the upside.
There is a possibility of a bullish price action towards 0.792 on a breakout of the bullish flag as the currency pair becomes bullish.
ASCENDING CHANNEL
NZD/USD 1H
There is an ascending channel found, the price is about to break out now.
An ascending channel can be thought of as a price signal that can be used to spot an interruption of an uptrend if price breakdown occurs.
Nzdusd still risks a move to 0.59 once below 0.591.
RISING WEDGE
AUD/USD
1H
It seems like audusd composes a rising wedge and the price is ready to break out now.
A rising wedge represents a specific price indicator that indicates that the price to go short in case if price breaks down.
Audusd accelerates losses towards 0.682 as upside pressure seen easing.
ASCENDING TRIANGLE
GBP/USD
1H
There is an ascending triangle arising and the price requires a further strong move as proof of a breakout.
When price breaks out to the the upside, the move could indicate that prices are likely to keep rallying upward.
There is a possibility of a bullish move towards the 1.346 level amid rising bets for the move.
BULLISH FLAG
EUR/USD
1H
A bullish flag happens, the price is ready to break out.
When price breaks above resistance, the resulting move could signal a bullish move.
A further bullish push up towards 1.172 stays on the cards.
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