Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/CHF
4H
There is an ascending channel revealed, the price requests a bigger move as an indication of a breakout.
An ascending channel identifies a bearish move when price breaks out to the the downside.
Usdchf to extend the correction lower to 0.816 as gains remain capped.
BEARISH FLAG
GBP/JPY 4H
Gbpjpy develops a bearish flag, gbpjpy requests an active impulse down as an indication of a breakout.
A bearish flag tends to be a price indicator that can be used to spot a further move down if price breaks below support.
There is a probability of a bearish run to the 208 zone on a breach of 208.6.
DESCENDING CHANNEL
NZD/USD 4H
There is a descending channel emerging, the price breaks out soon.
A descending channel represents a technical price pattern that has a downward slope that is used to indicate a bullish price action when price breaks through the resistance.
Nzdusd aims to complete a retracement to the 0.578 zone as minor hurdle remains at 0.5765.
RECTANGLE
GBP/USD
1H
It looks like a rectangle is almost completed, the price asks for more pullback as a sign of a breakout.
A rectangle signals the more likely potential of falling prices once price breaks below support.
A rangebound to 1.346 is likely to happen on a breakout of the rectangle as gbpusd becomes weaker.
ASCENDING CHANNEL
GBP/JPY 1H
An ascending channel is close to being complete, the price calls for a steady move as a signal of a breakdown.
In case if price breaks out to the the downside, the move could predict price reversal after a pause.
Gbpjpy turns lower to 208.6.
FALLING WEDGE
NZD/USD 1H
The price develops a falling wedge, nzdusd asks for push up as an indication of a breakout.
If price breaks out to the the upside, the resulting move could identify a sharp rise.
There is a chance of a bullish price action to 0.576.
ASCENDING CHANNEL
GBP/JPY 1H
An ascending channel has been revealed, the price is ready to break out.
An ascending channel identifies a compelling bearish signal that often indicates a bearish price action once price breaks through the support.
Gbpjpy could extend its slump towards 208.8 on a breach of 209.05.
DESCENDING TRIANGLE
EUR/USD
1H
It looks like a descending triangle develops and the price expects a next bigger bullish action for the certainty of breakout.
A descending triangle often results in the bears have run out of steam once price breaks through the resistance.
Eurusd to prolong the growth phase towards the 1.155 level.
FALLING WEDGE
GBP/USD
1H
There is a falling wedge occuring, the price calls for a further bigger move as evidence of a breakout.
A falling wedge is said to depict a useful bullish price action pattern with a downward bias that is used to identify a bullish price action in case if price breaks through the resistance.
There is a possibility of a rangebound to 1.349.
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.