Open:
High:
Low:
Close:
BULLISH FLAG
AUD/USD
1D
There is a bullish flag identified and the price expects a more active move as evidence of a breakout.
Once price breaks above resistance, the resulting move could identify a next move up.
Audusd risks a move towards the 0.71 zone on a breach of 0.702 amid rising bets for the move.
RISING WEDGE
GBP/JPY 1D
A rising wedge has been uncovered and the price is ready to break out.
A rising wedge typically predicts that the price to go short in case if price breaks out to the the downside.
Extra downside towards 216 is likely to happen once below 218.
DESCENDING CHANNEL
GBP/JPY 1H
It seems like gbpjpy creates a descending channel.
When price breaks through the resistance, the move could signal that the price to go up.
There is a probability of a bullish move towards the 218.6 zone as downside pressure mitigates.
ASCENDING CHANNEL
AUD/USD
1H
There is an ascending channel distinguished and the price breaks out soon.
An ascending channel results in reversals in uptrends once price breaks down.
Audusd opens door for a move to 0.699 on a breakout of the ascending channel.
ASCENDING CHANNEL
AUD/USD
1H
It looks like an ascending channel is close to being done, audusd lacks an active move for clear breakout confirmation.
An ascending channel predicts a bearish price move if price breaks out.
Audusd looks south towards 0.7005 as the currency pair becomes weaker.
PENNANT
EUR/USD
1H
There is a pennant observed and the price is breaking out.
Once price breaks out, the move could identify the bulls have run out of steam.
There is a possibility of a bearish continuation to the 1.141 level as eurusd keeps the bid tone.
RISING WEDGE
AUD/USD
1H
There is a rising wedge emerging, the price requests a further active move as a signal of a breakdown.
A rising wedge indicates that the price to go short when price breaks below support.
Audusd turns bearish to the 0.7 level.
ASCENDING CHANNEL
NZD/USD 1H
There is an ascending channel occuring and nzdusd requests a further bigger move to confirm a breakout.
When price breakdown occurs, the move could indicate reversals in uptrends.
Nzdusd to turn bearish to 0.583.
DESCENDING TRIANGLE
GBP/JPY 1H
There is a descending triangle materializing, the price is about to break out soon.
A descending triangle results in that the price to go down if price breaks below support.
Gbpjpy to extend the correction lower to 218.
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