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GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Feb 23
There is a descending channel noticed and the price is close to breaking out now.
A descending channel provides a specific pattern that is angled down that can be used to spot a breakout higher if price breaks out to the the upside.
GBP/USD to recover bullish potential towards the 1.27 zone once above 1.264 as GBP/USD becomes bullish.
NZD/USD: Bullish Flag
NZD/USD,
1 hour
LONG
Sep 18
There is a bullish flag arising and the price is going to break out.
A bullish flag describes a reliable price formation that often identifies a break in the price direction when price breaks through the resistance.
NZD/USD pushes higher to 0.621 on a breakout of the bullish flag as indicators favor bulls.
NZD/USD: Ascending Channel
NZD/USD,
1 hour
SHORT
May 11
It looks like an ascending channel turns up and the price is ready to break out now.
An ascending channel often results in extending an downtrend if price collapses through the support line.
There is a chance of a bearish run to the 0.633 mark once below 0.6335.
GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Mar 27
GBP/USD gives a bearish flag, GBP/USD wants more push down as an information of a breakdown.
A bearish flag represents a specific bearish signal that can be used to signal a further move down in case if price breaks out to the the downside.
GBP/USD to slump towards the 1.2615 zone on a break below 1.2618.
USD/CHF: Bullish Flag
USD/CHF,
1 hour
LONG
Nov 9
There is a bullish flag exposed.
When price breaks out, the resulting move could predict a next move up.
USD/CHF does not rule out a move to the 0.901 level.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Dec 7
There is a rising wedge detected.
A rising wedge provides a pattern that has an upward slope that is used to signal reversals in uptrends once price breakdown occurs.
USD/JPY does not rule out a move towards 147.1 on a downside break amid USD/JPY recedes from recent highs.
USD/CHF: Rising Wedge
USD/CHF,
1 hour
SHORT
Nov 13
The price shapes a rising wedge, USD/CHF lacks a further steady move as a sign of a breakout.
A rising wedge is considered to be a specific pattern that is used to signal a bearish move when price breaks out to the the downside.
USD/CHF to head to 0.901 as bearish momentum increases.
NZD/USD: Ascending Channel
NZD/USD,
1 day
SHORT
Oct 4
It looks like the price completes an ascending channel, the price is ready to break out.
An ascending channel is considered to be a technical chart signal that is used to identify a bearish price move if price breakdown occurs.
NZD/USD to extend the correction lower to the 0.62 mark as the currency pair is at a brink of a bearish breakout.
USD/CHF: Rectangle
USD/CHF,
1 hour
LONG
Nov 6
A rectangle is revealed and the price is about to break out.
A rectangle is considered to be a reliable bullish price action formation that signals a next move up if price breaks above resistance.
USD/CHF advances higher to the 0.865 mark on a breach of 0.8644.
USD/JPY: Bearish Flag
USD/JPY,
1 hour
SHORT
Jun 3
There is a bearish flag forming, the price is ready to break out.
A bearish flag signals a break in the price direction once price breaks through the support.
It is possible that a bearish move to the 156.8 level will form on impulse below 156.9.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Jun 7
It looks like EUR/USD builds an ascending channel and EUR/USD needs next fall for clear breakdown confirmation.
An ascending channel typically predicts a countertrend succeeding the current trend in case if price collapses through the support line.
It is not ruled out that a bearish run towards the 1.086 zone will form on a downside break.
EUR/USD: Descending Channel
EUR/USD,
1 hour
LONG
Aug 4
A descending channel is close to completion, the price is about to break out now.
A descending channel tends to be a reliable pattern that is angled down that typically predicts that the price to go long in case if price breaks through the resistance.
EUR/USD now looks to the 1.096 level.