Open:
High:
Low:
Close:
RISING WEDGE
EUR/USD
1H
It looks like a rising wedge is uncovered.
When price breakdown occurs, the move could signal a sharp decline.
Decline to the 1.158 zone is a possibility.
RISING WEDGE
AUD/USD
1H
A rising wedge is almost finished and the price demands a bigger bearish move as an indication of a breakout.
In case if price collapses through the support line, the move could predict a bearish price action.
Audusd turns bearish to the 0.694 zone as indicators favor bears.
ASCENDING CHANNEL
GBP/JPY 1H
It looks like an ascending channel is observed.
An ascending channel identifies a technical bearish price formation that has an upward slope that typically spots a bearish move once price breaks out to the the downside.
Gbpjpy turns bearish towards the 212.6 level.
PENNANT
GBP/JPY 1D
Gbpjpy forms a pennant.
A pennant results in that prices are likely to keep rallying upward in case if price breaks out.
There is a possibility of a bullish price action towards the 214 zone.
BULLISH FLAG
NZD/USD 1H
There is a bullish flag developing, nzdusd expects a steady move as a verification of a breakout.
A bullish flag represents a compelling bullish signal that is used to signal a tendency to break in the opposite direction if price breaks above resistance.
Nzdusd to extend its rebound towards the 0.586 zone once beyond 0.5845 as the currency pair is at a brink of a bullish breakout.
ASCENDING CHANNEL
USD/CHF
1H
An ascending channel has been identified.
When price breaks down, the resulting move could signal a sharp decline.
Usdchf dives out bullish trendline towards the 0.786 level as upside pressure seen easing.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge revealed.
A falling wedge signals an interruption of a downtrend when price breaks out to the the upside.
Eurusd looks ready to further extend its gains to the 1.16 level on a breach of 1.159 as bullish momentum increases.
RISING WEDGE
USD/JPY
1H
There is a rising wedge determined and the price is breaking out.
A rising wedge predicts a potential reversal in price action in case if price collapses through the support line.
Decline towards the 158.6 zone is going to happen.
FALLING WEDGE
GBP/USD
1H
As we can see gbpusd shapes a falling wedge, the price breaks out soon.
In case if price breaks above resistance, the move could identify a next move up.
There is a possibility of a further bullish continuation towards 1.342 once above 1.3415.
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