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PENNANT
GBP/JPY 1H
A pennant is close to being done, the price requires a next move as a signal of a breakdown.
A pennant is said to depict a price pattern that can be used to predict that the price to go down in case if price collapses through the support line.
Gbpjpy challenges a move to the 212.9 level.
PENNANT
USD/JPY
4H
There is a pennant uncovered and the price is going to break out soon.
A pennant results in a bullish move once price breaks out to the the upside.
Usdjpy to move up to 160.
RISING WEDGE
USD/CHF
1H
There is a rising wedge arising, the price is going to break out soon.
Once price breakdown occurs, the resulting move could spot prices are likely to keep falling downward.
Usdchf to resume its downfall towards 0.791 as bears looking for profit.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is nearing completion and the price is about to break out soon.
An ascending channel can be thought of as a useful bearish price action indicator that identifies that the price to go down when price breaks out to the the downside.
Decline towards 159.2 is not ruled out as the currency pair becomes depressed.
RISING WEDGE
USD/CAD 1H
There is a rising wedge turning up and the price is going to break out now.
A rising wedge is a useful formation that often signals a change in the prevailing trend if price breaks down.
Usdcad turns bearish to 1.38 as usdcad failes to keep gains.
FALLING WEDGE
AUD/USD
1H
There is a falling wedge developing and audusd requires a further steady bullish impulse for the certainty of breakout.
A falling wedge represents a bullish price signal that signals a downward trend is about to reverse into an upnward trend if price breaks out to the the upside.
There is a possibility of a further bullish continuation to the 0.696 level as downside pressure mitigates.
BEARISH FLAG
USD/CHF
1H
There is a bearish flag uncovered and the price calls for a further bearish action as an information of a breakout.
A bearish flag tends to be a bearish formation that signals an interruption of an uptrend in case if price breaks below support.
Usdchf opens door for a move towards 0.791 as gains remain capped.
RISING WEDGE
GBP/JPY 4H
There is a rising wedge taking place, the price calls for a more steady move to confirm a breakout.
A rising wedge is a compelling pattern that often identifies a bearish move in case if price breaks out.
A bearish continuation to 212.5 looks probable on a breakout of the rising wedge as gains remain capped.
SYMMETRICAL TRIANGLE
USD/CHF
4H
A symmetrical triangle has been observed.
A symmetrical triangle can be thought of as a technical bullish price pattern that often signals the bears have run out of steam in case if price breaks out.
Usdchf embarks on a bullish correction towards the 0.794 level on a upside break.
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