Open:
High:
Low:
Close:
USD/JPY: Rectangle
USD/JPY,
4 hours
SHORT
Jul 6
We can see that a rectangle has been detected and the price requests a move to confirm rectangle breakdown.
A rectangle is a compelling pattern that predicts a further move down in case if price collapses through the support line.
There is a probability of further decline to 144.
USD/CHF: Ascending Channel
USD/CHF,
1 hour
SHORT
Jul 16
It seems like an ascending channel has been found, the price asks for a steady bearish action for the certainty of breakout.
An ascending channel can be thought of as a technical price pattern that can be used to signal a further move down once price collapses through the support line.
Extra downside towards 0.893 looks possible on a breakout of the ascending channel as the currency pair becomes under pressure.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
May 31
As we can see the price builds an ascending channel and the price needs a more steady move as proof of a breakout.
An ascending channel spots a break in the price direction once price breaks down.
USD/CAD tests a move towards the 1.356 mark as indicators turn bearish.
NZD/USD: Descending Channel
NZD/USD,
1 hour
LONG
Mar 5
A descending channel has been discovered and the price asks for a bit more consolidation for clear breakout confirmation.
In case if price breaks out to the the upside, the move could predict a bullish price move.
NZD/USD pushes higher towards 0.611 as the currency pair nears 0.6104 hurdle.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
Jul 6
A rectangle materializes.
When price breaks out to the the downside, the move could indicate a next move down.
USD/JPY looks for a setback towards 144 while below 144.1 as the currency pair becomes under pressure.
USD/CAD: Ascending Channel
USD/CAD,
1 hour
SHORT
Sep 8
As we can see an ascending channel is close to being completed, the price is ready to break out.
An ascending channel is said to depict a reliable pattern that typically indicates a pause in an uptrending market if price breaks out.
USD/CAD to head towards 1.364 on a downside break as minor hurdle remains at 1.366.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Oct 12
There is an ascending channel discovered.
When price breaks out to the the downside, the move could indicate a next move down.
It is possible that a bearish run to 1.059 will happen on a breakout of the ascending channel.
NZD/USD: Rising Wedge
NZD/USD,
1 hour
SHORT
Jun 27
There is a rising wedge recognized, the price is going to break out.
A rising wedge tends to be a reliable chart signal that can be used to spot a move down when price breaks through the support.
There is a probability of decline to 0.616.
GBP/USD: Ascending Channel
GBP/USD,
1 day
SHORT
Mar 22
There is an ascending channel arising.
An ascending channel often results in a bearish price action once price breaks down.
GBP/USD challenges a move to 1.26 on a breakout of the ascending channel.
AUD/USD: Descending Channel
AUD/USD,
4 hours
LONG
3 days ago
It looks like a descending channel is very close to being finished, the price is ready to break out now.
In case if price breaks above resistance, the resulting move could signal a next move up.
AUD/USD to look for a further push towards the 0.65 zone once above 0.646 as bullish momentum increases.
GBP/JPY: Symmetrical Triangle
GBP/JPY,
1 hour
SHORT
Dec 6
As we can see a symmetrical triangle is close to being finished, the price demands a further bigger move as a verification of a breakout.
A symmetrical triangle identifies a compelling bearish price formation that often identifies a bearish price move when price collapses through the support line.
GBP/JPY to continue lower towards 185 as GBP/JPY becomes under pressure.
EUR/USD: Ascending Triangle
EUR/USD,
4 hours
LONG
Nov 14
As we can see an ascending triangle turns up, EUR/USD requests a bigger move for the certainty of breakout.
An ascending triangle is believed to be a specific bullish price indicator that identifies that the price to go long once price breaks through the resistance.
There is a probability of a rangebound towards the 1.072 zone as EUR/USD is at a brink of a bullish breakout.