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DESCENDING TRIANGLE
EUR/USD
4H
A descending triangle materializes and the price is close to breaking out.
A descending triangle identifies a further move up once price breaks out.
Eurusd to push up to 1.165.
PENNANT
USD/JPY
1H
A pennant is close to being done and usdjpy demands a further active bearish impulse as a clue of a breakdown.
A pennant tends to be a technical price action pattern that can be used to identify a move down in case if price breaks through the support.
Usdjpy to extend the fall to 156.4 on a break below 156.5 as the currency pair is at a brink of a bearish breakout.
FALLING WEDGE
GBP/USD
1H
Gbpusd shapes a falling wedge and the price expects a further bigger move as proof of a breakout.
A falling wedge is believed to be a bullish price indicator that results in a further move up once price breaks above resistance.
There is a probability of a bullish push up to 1.333 on a breach of 1.3325.
RECTANGLE
USD/CAD 1H
It looks like the price forms a rectangle and the price requests a next steady move as an information of a breakout.
A rectangle tends to be a compelling bullish chart pattern that is used to spot the more likely potential of rising prices when price breaks out to the the upside.
Usdcad points to the upside to the 1.387 zone.
ASCENDING TRIANGLE
USD/CAD 1H
An ascending triangle comes out, the price is ready to break out.
An ascending triangle is a formation that can be used to indicate extending an downtrend in case if price breaks down.
Usdcad to resume its downfall to the 1.384 level on a break below 1.385 as the currency pair becomes vulnerable.
ASCENDING CHANNEL
AUD/USD
4H
An ascending channel is almost completed.
An ascending channel is a compelling bearish price action indicator that is used to indicate a further move down when price collapses through the support line.
There is a probability of decline to the 0.662 mark on a breakout of the ascending channel.
ASCENDING CHANNEL
USD/CHF
4H
We can see that the price shows an ascending channel, usdchf requests a next move as a sign of a breakout.
Once price breaks out, the move could predict prices are likely to keep falling downward.
Usdchf to prolong the corrective phase to the 0.804 mark on a breakout of the ascending channel.
RECTANGLE
EUR/USD
1H
A rectangle is distinguished, the price requires a further active move to confirm a breakout.
A rectangle identifies a bullish price action signal that often predicts that the price will rally further once price breaks out.
Eurusd to peak towards the 1.1655 zone.
ASCENDING TRIANGLE
AUD/USD
1H
An ascending triangle is close to being complete, audusd demands a bit more consolidation as a sign of a breakout.
An ascending triangle denotes a useful indicator that typically results in that the price will rally further when price breaks through the resistance.
Audusd turns higher towards the 0.666 zone on a breach of 0.6656 as downside pressure alleviates.
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