Open:
High:
Low:
Close:
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.
PENNANT
USD/CAD 1H
There is a pennant spotted.
A pennant can be thought of as a price action signal that can be used to indicate extending an downtrend when price breaks below support.
There is a probability of a bearish continuation towards 1.408 as usdcad probes 1.4086 hurdle.
PENNANT
USD/JPY
1H
A pennant has been revealed.
A pennant typically results in the more likely potential of rising prices when price breaks above resistance.
Usdjpy to maintain its positive tone to the 163.2 level.
BULLISH FLAG
AUD/USD
1H
A bullish flag pops up, audusd demands a bigger move as evidence of a breakout.
A bullish flag describes a technical chart formation that is angled down that is used to identify a break in the price direction in case if price breaks above resistance.
Audusd aims to complete a retracement to 0.701 on a breakout of the bullish flag as indicators turn bullish.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle arising.
A descending triangle denotes a technical bullish indicator that typically results in extending an uptrend when price breaks above resistance.
There is a probability of a bullish move to the 1.34 level on a breach of 1.3375.
PENNANT
GBP/JPY 1H
We can see that gbpjpy composes a pennant, gbpjpy lacks a move as a verification of a breakout.
A pennant provides a specific formation that can be used to spot a further move down when price breaks through the support.
It is not ruled out that a bearish move towards 217.8 will take place on a breakdown of the pennant.
RECTANGLE
AUD/USD
1H
There is a rectangle determined.
Once price breaks through the support, the move could signal the more likely potential of falling prices.
There is a probability of a bearish move towards 0.698.
FALLING WEDGE
EUR/USD
4H
A falling wedge has been revealed, the price is breaking out.
A falling wedge depicts a useful formation that has a downward slope that predicts that prices are likely to keep rallying upward when price breaks out.
There is a possibility of a bullish run to the 1.142 zone.
ASCENDING CHANNEL
USD/CAD 1H
There is an ascending channel encountered, the price needs a next steady move to confirm a breakout.
An ascending channel represents a useful price signal that spots that the price to go down when price collapses through the support line.
It is possible that extra downside towards the 1.408 mark will happen on impulse below 1.409.
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