Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
GBP/JPY 1H
It looks like a symmetrical triangle arises and the price is about to break out.
A symmetrical triangle is believed to be a compelling chart indicator that often signals an extension in the upward direction if price breaks out to the the upside.
Gbpjpy to accomodate towards 208.8 on a breakout of the symmetrical triangle as bulls look for entries.
BULLISH FLAG
GBP/USD
4H
We can see that a bullish flag is determined, the price asks for a steady move to confirm bullish flag breakout.
A bullish flag depicts a chart signal that is used to spot a temporary interruption during a falling market if price breaks through the resistance.
Gbpusd to surge considerably to the 1.336 zone.
RECTANGLE
NZD/USD 4H
A rectangle has been noticed, the price lacks a next move as a clue of a breakout.
A rectangle is said to depict a useful bullish chart indicator that often identifies the bears have run out of steam once price breaks through the resistance.
There is a probability of a move to 0.58 once beyond 0.5796 as the wind continues blowing in favor of nzdusd.
ASCENDING CHANNEL
USD/CHF
4H
There is an ascending channel poping up.
An ascending channel typically predicts a trend change to the downside if price breaks out to the the downside.
There is a possibility of further decline towards 0.8 on a break below 0.8015.
RECTANGLE
EUR/USD
1H
As we can see a rectangle is close to being done, the price calls for steady push up to confirm a breakout.
A rectangle provides a useful price action formation that is used to indicate a further move up when price breaks above resistance.
There is a probability of a move towards 1.166 on a breach of 1.1656.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel uncovered, the price is about to break out soon.
A descending channel tends to be a price action formation that often predicts a further move up once price breaks above resistance.
A further rangebound towards 1.334 looks probable as downside pressure seen easing.
DESCENDING CHANNEL
NZD/USD 1H
As we can see the price creates a descending channel, nzdusd calls for a more move to confirm descending channel breakout.
A descending channel is a useful bullish signal that can be used to predict a change in the prevailing trend when price breaks above resistance.
Nzdusd to increase bullish potential towards 0.579 on a breakout of the descending channel.
ASCENDING CHANNEL
USD/CAD 1H
There is an ascending channel arising.
An ascending channel often indicates a next move down when price breakdown occurs.
Usdcad targets a move towards 1.383.
PENNANT
GBP/JPY 1H
There is a pennant recognized.
A pennant results in the bulls have run out of steam if price breakdown occurs.
Further decline towards the 208.2 level is a possibility on a break below 208.45 as the currency pair nears 208.45 hurdle.
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