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ASCENDING TRIANGLE
GBP/JPY 4H
There is an ascending triangle arising and the price is ready to break out.
An ascending triangle describes a specific bullish indicator that can be used to identify the bears have run out of steam once price breaks above resistance.
A further bullish move towards the 213.5 mark looks probable on a break above 212.9 as the mood may improve.
RECTANGLE
EUR/USD
1H
It seems like the price builds a rectangle.
A rectangle is said to depict a useful price pattern that can be used to identify that the price to go short once price breakdown occurs.
There is a chance of a bearish price action towards 1.168.
DESCENDING CHANNEL
USD/CAD 1H
We can see that a descending channel occurs and the price is going to break out now.
A descending channel often signals a bearish-to-bullish trend reversal in case if price breaks out.
Usdcad to increase bullish potential to the 1.386 zone on a breach of 1.3835.
ASCENDING CHANNEL
AUD/USD
1H
An ascending channel is close to being completed.
An ascending channel suggests a technical bearish formation that is angled up that often predicts that the price to go down in case if price breaks below support.
Audusd hints a change to the downside to the 0.675 mark on a breach of 0.6754 as weakness continues.
RISING WEDGE
NZD/USD 1H
There is a rising wedge found.
A rising wedge identifies a price action signal that is used to signal a bearish move once price breaks below support.
Nzdusd risks further decline towards 0.584.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel has been diagnosed, the price is going to break out soon.
A descending channel represents a specific indicator that indicates a potential reversal in price action in case if price breaks above resistance.
Usdjpy embarks on a bullish correction to the 158.4 level on a breach of 158.3 as the currency pair sticks to the positive mood.
DESCENDING CHANNEL
USD/CAD 1H
Usdcad forms a descending channel, the price is about to break out.
A descending channel identifies a compelling price action indicator that results in a further move up in case if price breaks out to the the upside.
It is likely that a bullish continuation to the 1.384 zone will be made once beyond 1.383.
PENNANT
USD/JPY
4H
There is a pennant noticed, usdjpy needs a more move as an information of a breakout.
A pennant typically indicates a sharp rise in case if price breaks above resistance.
Usdjpy advances higher towards 158.4.
ASCENDING CHANNEL
NZD/USD 1H
An ascending channel is distinguished and nzdusd requests a next move as proof of a breakout.
If price breakdown occurs, the resulting move could indicate a potential reversal in price action.
A bearish move to 0.582 looks likely on a breach of 0.584 as minor hurdle remains at 0.584.
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