Open:
High:
Low:
Close:
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel detected.
In case if price breaks through the resistance, the move could identify price reversal after a pause.
Gbpusd turns higher to 1.34 as the currency pair looks bid.
DESCENDING TRIANGLE
GBP/USD
4H
A descending triangle forms and the price is close to breaking out.
In case if price breaks through the support, the move could identify a bearish price action.
It is not ruled out that a rangebound towards 1.335 will be made.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel is very close to being finished and the price demands a bit more consolidation as an indication of a breakout.
A descending channel describes a specific price pattern that signals a change in the prevailing trend in case if price breaks above resistance.
A bullish run to the 1.1415 mark looks probable once above 1.1412.
RISING WEDGE
USD/JPY
1H
There is a rising wedge happening.
A rising wedge typically indicates a bearish price action once price breaks through the support.
A bearish push down to 163 is on the way on impulse below 163.15.
ASCENDING CHANNEL
USD/CHF
1H
It looks like an ascending channel occurs, the price is ready to break out soon.
An ascending channel predicts a bearish move once price breaks below support.
There is a probability of corrective downside towards the 0.812 level on a breakout of the ascending channel as the currency pair failes to keep gains.
FALLING WEDGE
EUR/USD
1H
A falling wedge has been discovered, the price wants a more active move for clear breakout confirmation.
When price breaks out to the the upside, the move could spot a tendency to break in the opposite direction.
Eurusd is bullish and en route to 1.142 on a breach of 1.141 as bulls look for entries.
ASCENDING CHANNEL
AUD/USD
1H
It seems like the price forms an ascending channel and the price breaks out.
An ascending channel often results in a next move down when price breaks out.
There is a probability of a move to the 0.6995 zone on a breakout of the ascending channel.
ASCENDING CHANNEL
NZD/USD 4H
It looks like an ascending channel emerges and the price is ready to break out now.
An ascending channel is considered to be a chart indicator that often spots that the price to go short if price breaks down.
A move to the 0.582 mark looks possible.
ASCENDING TRIANGLE
USD/JPY
1D
An ascending triangle is very close to being completed, the price lacks a bigger bullish move as a clue of a breakout.
When price breaks out to the the upside, the move could spot that the price will rally further.
Usdjpy to continue higher towards the 163 zone on a upside break.
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