Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/CHF
1H
It seems like usdchf composes an ascending channel, the price needs a strong move as a signal of a breakdown.
Once price breaks out to the the downside, the move could predict that the price to go short.
There is a probability of extra downside towards the 0.813 zone on a break below 0.8134.
BULLISH FLAG
EUR/USD
4H
There is a bullish flag identified and the price is ready to break out.
A bullish flag represents a reliable bullish formation that has a downward slope that results in a bullish move when price breaks through the resistance.
Eurusd dives out bearish trendline towards 1.144.
RECTANGLE
GBP/USD
1H
A rectangle is identified, the price is about to break out now.
A rectangle is considered to be a signal that predicts that the price to go up in case if price breaks above resistance.
It is likely that a bullish push up to 1.34 will happen while above 1.3388.
DESCENDING CHANNEL
AUD/USD
1H
The price sets up a descending channel, audusd asks for a further bullish action as an information of a breakout.
A descending channel represents a reliable bullish formation that can be used to indicate a temporary interruption during a falling market if price breaks through the resistance.
There is a chance of a bullish move towards 0.7.
DESCENDING TRIANGLE
GBP/JPY 1H
A descending triangle is close to completion.
If price breaks through the resistance, the resulting move could indicate an extension in the upward direction.
Gbpjpy to peak towards the 218.4 mark on a breach of 218.2.
PENNANT
USD/JPY
1H
There is a pennant emerging and usdjpy requires a further strong move as a clue of a breakout.
A pennant identifies a bearish price pattern that is used to signal a bearish price move when price breaks out to the the downside.
Usdjpy risks further downside to 163 on a breakout of the pennant as door open for the continuation of the downtrend.
FALLING WEDGE
GBP/JPY 4H
There is a falling wedge distinguished and gbpjpy lacks a steady move as evidence of a breakout.
A falling wedge represents a chart indicator that predicts a further move up once price breaks through the resistance.
It is not ruled out that a bullish run towards 218.5 will happen.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle noticed.
An ascending triangle is a compelling price action signal that can be used to indicate a next move down when price breaks out.
Eurusd to extend the fall to the 1.1405 level.
FALLING WEDGE
NZD/USD 1H
There is a falling wedge discovered, nzdusd asks for a further bullish move as evidence of a breakout.
If price breaks out to the the upside, the resulting move could signal extending an uptrend.
There is a probability of a bullish move to 0.583.
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