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ASCENDING TRIANGLE
EUR/USD
1H
It looks like an ascending triangle is discovered and eurusd wants a more strong bearish action as a sign of a breakdown.
An ascending triangle is considered to be a technical bearish price pattern that is used to indicate that the price to go short if price collapses through the support line.
Eurusd to move downward towards the 1.17 zone.
DESCENDING TRIANGLE
USD/JPY
1H
There is a descending triangle spotted, the price is ready to break out now.
A descending triangle denotes a useful bullish pattern that results in extending an uptrend once price breaks above resistance.
Usdjpy to enjoy a considerable gain towards 158.4 once above 158.2.
DESCENDING CHANNEL
USD/CHF
1H
There is a descending channel appearing, the price is breaking out.
A descending channel describes a specific price signal that often predicts a bullish price move once price breaks through the resistance.
Usdchf violates bearish trendline towards 0.794 on impulse above 0.7928 as bulls looking for upside correction.
FALLING WEDGE
GBP/USD
1H
As we can see a falling wedge materializes.
A falling wedge is a specific chart formation that has a downward slope that is used to predict that the price to go long once price breaks out.
There is a possibility of a bullish move to 1.346.
PENNANT
EUR/USD
1H
As we can see the price shows a pennant.
A pennant is believed to be a compelling bullish price pattern that is used to indicate that the price to go long if price breaks out.
There is a probability of a bullish price action to the 1.174 level while above 1.1725.
SYMMETRICAL TRIANGLE
USD/CAD 1H
There is a symmetrical triangle found.
Once price breaks through the support, the move could spot the more likely potential of falling prices.
Usdcad to continue the dereciation trend to the 1.382 level on a breakout of the symmetrical triangle as gains remain capped.
BULLISH RECTANGLE
NZD/USD 1H
There is a bullish rectangle appearing, nzdusd requires a bit more consolidation for the certainty of breakout.
If price breaks out to the the upside, the move could indicate that the price to go long.
Nzdusd to turn bullish towards 0.5855 as minor hurdle remains at 0.5852.
ASCENDING CHANNEL
EUR/USD
1H
As we can see an ascending channel has been spotted and the price is ready to break out now.
An ascending channel depicts a technical formation that predicts a move down in case if price breaks down.
Eurusd could extend its slump towards 1.165 as extra rangebound not ruled out.
PENNANT
GBP/USD
1H
The price composes a pennant and the price is going to break out.
A pennant is considered to be a specific signal that indicates a move down once price collapses through the support line.
Gbpusd is at risk of resuming its decline to 1.342 once below 1.343 as gbpusd loses bullish momentum.
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