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GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Jun 30
There is a rising wedge appearing, the price requests a next steady bearish continuation as evidence of a breakout.
If price breakdown occurs, the resulting move could identify a sharp decline.
GBP/USD risks a correction towards the 1.36 level.
USD/JPY: Pennant
USD/JPY,
1 hour
LONG
Dec 18
USD/JPY establishes a pennant and the price requires a next bullish continuation as a clue of a breakout.
A pennant provides a technical bullish chart indicator that often results in a sharp rise if price breaks out to the the upside.
A bullish price action towards the 154.2 zone about to be made while above 154.1.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
May 15
A rectangle has been encountered.
When price breakdown occurs, the resulting move could signal the bulls have run out of steam.
USD/JPY could drop to 156.1.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Jul 2
There is an ascending channel turning up and the price is about to break out soon.
An ascending channel is considered to be a price action signal that often identifies a temporary interruption of an existing trend if price collapses through the support line.
AUD/USD targets a move to 0.656 on a breach of 0.6568.
NZD/USD: Ascending Channel
NZD/USD,
1 hour
SHORT
Oct 7
The price gives an ascending channel, the price is ready to break out soon.
When price breakdown occurs, the resulting move could spot the more likely potential of falling prices.
A rangebound to the 0.58 mark is possible.
USD/JPY: Ascending Triangle
USD/JPY,
4 hours
LONG
Nov 17
As we can see usdjpy establishes an ascending triangle and the price is ready to break out.
An ascending triangle can be thought of as a reliable pattern that signals a bullish move when price breaks through the resistance.
Usdjpy to resume its rise to 155.2 on a break above 155 as bulls lurking in demand zone.
AUD/USD: Descending Triangle
AUD/USD,
1 day
SHORT
Nov 7
Audusd shapes a descending triangle.
A descending triangle tends to be a specific bearish chart pattern that can be used to predict a next move down when price breaks through the support.
A bearish continuation towards the 0.645 level is about to happen.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Jul 1
There is an ascending channel emerging.
An ascending channel describes a useful price indicator that is used to predict a countertrend succeeding the current trend once price breaks through the support.
GBP/USD to continue lower towards the 1.37 mark.
GBP/JPY: Bullish Flag
GBP/JPY,
1 hour
LONG
Jan 24
It seems like a bullish flag is determined.
Once price breaks out, the move could signal a bullish price move.
GBP/JPY to have better chances of advancing to 193.
GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Nov 26
It looks like a descending channel occurs and the price is about to break out.
When price breaks out to the the upside, the move could predict a break during a downtrending market.
A bullish continuation to the 1.32 mark looks probable.
USD/CHF: Descending Channel
USD/CHF,
1 hour
LONG
27 hours ago
A descending channel is almost done and usdchf calls for an active move as an indication of a breakout.
A descending channel represents a pattern that results in a further move up if price breaks out.
Usdchf to increase bullish potential towards 0.802.
EUR/USD: Ascending Triangle
EUR/USD,
1 hour
LONG
Apr 2
EUR/USD composes an ascending triangle, EUR/USD demands further steady push up for the certainty of breakout.
An ascending triangle denotes a technical price action indicator that often indicates a sharp rise when price breaks above resistance.
It is likely that a further bullish move to the 1.084 mark will be made as the currency pair nears 1.0828 hurdle.