A descending channel appears, the price is ready to break out now.
A descending channel represents a compelling price signal that can be used to spot a next move up once price breaks out to the the upside.
There is a probability of a bullish push up to 199.5.
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.
GBP/JPY: Rectangle
GBP/JPY,
1 hour
SHORT
Jul 27
There is a rectangle appearing.
A rectangle is believed to be a specific formation that can be used to signal a bearish price move when price breaks below support.
GBP/JPY set to accelerate its decline to 180.8.
USD/CHF: Rectangle
USD/CHF,
1 hour
SHORT
Jan 23
A rectangle is close to being done and the price is ready to break out soon.
A rectangle suggests a bearish price pattern that spots prices are likely to keep falling downward when price collapses through the support line.
There is a possibility of corrective downside towards the 0.866 level on impulse below 0.8672.
EUR/USD: Rectangle
EUR/USD,
4 hours
LONG
Nov 26
There is a rectangle emerging, the price needs next steady rise as proof of a breakout.
A rectangle tends to be a reliable signal that often predicts a sharp rise when price breaks above resistance.
A bullish price action to the 1.16 mark is about to happen as the currency pair looks bid.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Oct 3
It seems like a rising wedge is close to being completed and USD/JPY asks for a move for the certainty of breakout.
A rising wedge provides a specific pattern that indicates prices are likely to keep falling downward in case if price breaks out.
Decline towards 149.6 stays on the cards.
USD/CAD: Rectangle
USD/CAD,
4 hours
LONG
Nov 17
A rectangle is close to being done and usdcad requests a more steady move to confirm a breakout.
A rectangle depicts a technical bullish price action signal that often predicts a bullish move when price breaks out to the the upside.
Usdcad to look for a further push to 1.404 on a breakout of the rectangle as usdcad sticks to the positive mood.
USD/CHF: Bullish Flag
USD/CHF,
1 hour
LONG
Oct 21
As we can see a bullish flag is distinguished and usdchf wants further steady rise to confirm a breakout.
A bullish flag indicates a further move up when price breaks through the resistance.
Usdchf to head to the 0.793 level as bulls look for entries.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Apr 27
A descending channel happens and the price is about to break out.
A descending channel can be thought of as a reliable pattern that is used to identify a countertrend succeeding the current trend if price breaks through the resistance.
A further bullish continuation to 134 about to be made.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Jun 12
There is a descending channel turning up.
A descending channel describes a price pattern that is used to spot a next move up in case if price breaks out to the the upside.
A bullish continuation towards the 0.6615 mark is a possibility as bulls lurking in demand zone.
AUD/USD: Ascending Triangle
AUD/USD,
4 hours
SHORT
Jan 31
An ascending triangle is found.
An ascending triangle provides a specific chart formation that is used to spot the more likely potential of falling prices when price breaks out.
It is not ruled out that corrective downside to 0.656 will be made.
EUR/USD: Descending Channel
EUR/USD,
4 hours
LONG
Mar 4
We can see that a descending channel has been spotted.
A descending channel is said to depict a useful price action pattern that is angled down that can be used to predict a bullish price action in case if price breaks above resistance.
EUR/USD to continue higher towards 1.055 on a breakout of the descending channel as EUR/USD nears 1.05 hurdle.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.