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PENNANT
EUR/USD
4H
It seems like a pennant is close to completion, eurusd asks for rise for clear breakout confirmation.
A pennant depicts a compelling bullish price action formation that indicates a bullish price action when price breaks out.
Eurusd tests a move towards 1.166 amid eurusd recovers from recent lows.
RISING WEDGE
USD/CAD 4H
There is a rising wedge exposed, the price is ready to break out.
Once price breaks below support, the move could spot a further move down.
Usdcad does not rule out a move towards the 1.38 zone as bears looking for profit.
DESCENDING TRIANGLE
NZD/USD 1H
A descending triangle has been diagnosed and the price requests an active move for clear breakdown confirmation.
A descending triangle is said to depict a bearish indicator that is used to spot prices are likely to keep falling downward once price breaks out.
There is a probability of corrective downside to 0.5845 on a breach of 0.5848.
ASCENDING CHANNEL
EUR/USD
1H
An ascending channel materializes and the price is close to breaking out now.
Once price breaks down, the move could indicate a next move down.
Eurusd risks suffer setback towards the 1.163 mark.
PENNANT
USD/JPY
1H
A pennant is very close to being completed, the price is going to break out soon.
A pennant identifies a specific bullish price action signal that often identifies an extension in the upward direction once price breaks above resistance.
There is a probability of a further bullish push up to 159.
ASCENDING CHANNEL
AUD/USD
1H
There is an ascending channel found, audusd lacks next bigger pullback as an indication of a breakdown.
An ascending channel often results in a move down once price breakdown occurs.
There is a probability of decline to the 0.716 level.
DESCENDING TRIANGLE
USD/CAD 1H
There is a descending triangle identified and usdcad expects a steady impulse up to confirm a breakout.
When price breaks through the resistance, the resulting move could indicate a further move up.
A further bullish price action to 1.381 is probable on a breakout of the descending triangle.
RISING WEDGE
NZD/USD 4H
There is a rising wedge coming out, the price is close to breaking out now.
In case if price breakdown occurs, the resulting move could signal a bearish move.
Nzdusd risks extending drop to 0.584 on a breakout of the rising wedge amid nzdusd recedes from tops.
PENNANT
USD/JPY
1H
As we can see usdjpy shows a pennant, usdjpy requires a bigger move as evidence of a breakout.
A pennant signals prices are likely to keep falling downward in case if price collapses through the support line.
Usdjpy could extend its slump to the 158.8 mark on a breakout of the pennant.
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