Open:
High:
Low:
Close:
DESCENDING CHANNEL
USD/CHF
1H
A descending channel takes place, the price is ready to break out now.
A descending channel depicts a reliable price action formation with a downward bias that is used to spot a next move up if price breaks out to the the upside.
Usdchf does not rule out a move to 0.822.
ASCENDING CHANNEL
GBP/USD
4H
There is an ascending channel noticed and gbpusd wants a further active move for clear breakout confirmation.
Once price breaks out, the move could spot a next move down.
Gbpusd to increase bearish potential to 1.34 as weakness continues.
RECTANGLE
USD/CAD 1H
A rectangle is almost finished and the price is close to breaking out.
A rectangle is considered to be a compelling bullish pattern that is used to identify that prices are likely to keep rallying upward once price breaks out.
Usdcad to head towards the 1.4 mark as downside pressure seen easing.
DESCENDING TRIANGLE
EUR/USD
1H
There is a descending triangle found and the price is about to break out.
A descending triangle tends to be a useful bullish price action formation that is angled down that spots a change in price direction once price breaks through the resistance.
There is a possibility of a bullish price action to 1.12.
FALLING WEDGE
USD/CAD 4H
There is a falling wedge occuring.
A falling wedge often predicts a move up if price breaks through the resistance.
It is likely that a bullish push up towards the 1.4 zone will be made while above 1.399.
FALLING WEDGE
AUD/USD
1H
There is a falling wedge discovered.
A falling wedge predicts that the price will rally further when price breaks above resistance.
Audusd pushes higher towards 0.699 on a breach of 0.6985.
DESCENDING CHANNEL
NZD/USD 1H
As we can see a descending channel is close to being finished, nzdusd calls for bigger rise as proof of a breakout.
A descending channel results in a bullish move when price breaks out to the the upside.
Nzdusd is bullish and en route to the 0.564 level as outlook for the currency pair stays positive.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle spotted.
An ascending triangle often results in a sharp decline if price breaks below support.
It is possible that a rangebound towards 1.118 will happen on a breach of 1.119.
FALLING WEDGE
USD/CHF
1H
A falling wedge appears and the price is breaking out.
A falling wedge typically predicts that the price to go up once price breaks out.
It is not ruled out that a bullish push up towards the 0.82 zone will take place on a breach of 0.8185.
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