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Close:
BEARISH RECTANGLE
EUR/USD
1H
A bearish rectangle is almost completed and the price breaks out soon.
If price breaks out to the the downside, the resulting move could predict the bulls have run out of steam.
Eurusd risks a correction to 1.153.
RECTANGLE
USD/JPY
1H
A rectangle is very close to being finished and the price breaks out.
A rectangle suggests a useful bullish chart indicator that often spots a next move up once price breaks out to the the upside.
A bullish move towards 155.6 is a possibility on a breakout of the rectangle.
RECTANGLE
AUD/USD
1H
A rectangle is found and the price is going to break out.
A rectangle often indicates a further move down if price breaks out.
It is possible that corrective downside to 0.7115 will happen.
DESCENDING CHANNEL
NZD/USD 1H
The price builds a descending channel.
A descending channel depicts a reliable bearish indicator that results in a bearish price action once price breaks out.
Nzdusd to experience further corrective weakness to the 0.5735 level on a breakout of the descending channel as nzdusd probes 0.5738 hurdle.
BULLISH FLAG
USD/CHF
1H
A bullish flag is almost completed, the price requests a more bigger bullish action as a signal of a breakout.
A bullish flag denotes a chart formation that typically identifies the bears have run out of steam when price breaks through the resistance.
A bullish price action towards 0.82 is not ruled out once beyond 0.8196 as bulls lurking in demand zone.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel determined and usdjpy requests a next steady move for the certainty of breakout.
An ascending channel is considered to be a compelling indicator that can be used to signal a bearish price move when price collapses through the support line.
There is a probability of further decline to 155 as the currency pair becomes depressed.
DESCENDING CHANNEL
AUD/USD
1H
Audusd sets up a descending channel, the price is about to break out soon.
A descending channel depicts a reliable bullish chart formation with a downward bias that often spots the more likely potential of rising prices when price breaks through the resistance.
Audusd to continue the appreciation trend towards the 0.7135 level on a breakout of the descending channel as indicators favor bulls.
ASCENDING CHANNEL
USD/CHF
1H
As we can see an ascending channel is close to being complete, usdchf asks for a steady move to confirm ascending channel breakout.
An ascending channel is said to depict a technical formation that has an upward slope that is used to identify prices are likely to keep falling downward when price breakdown occurs.
A bearish run to 0.8185 is likely.
DESCENDING TRIANGLE
AUD/USD
1H
A descending triangle is nearing completion and the price requires an impulse up as evidence of a breakout.
A descending triangle predicts a next move up once price breaks above resistance.
Audusd to continue the appreciation trend towards 0.7135 as risk reversal sheds bearish bias.
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