Open:
High:
Low:
Close:
RISING WEDGE
USD/JPY
1H
A rising wedge is close to being finished.
A rising wedge tends to be a compelling formation that typically signals a sharp decline if price breaks through the support.
Usdjpy to suffer a steeper decline towards 155.2 as there is room for a downside correction.
DESCENDING CHANNEL
EUR/USD
4H
As we can see a descending channel is close to completion, the price breaks out.
If price breaks out to the the upside, the resulting move could signal a tendency to break in the opposite direction.
Eurusd to grind higher towards 1.156 on a breakout of the descending channel as the currency pair probes 1.1545 hurdle.
DESCENDING CHANNEL
GBP/USD
4H
There is a descending channel determined, the price wants a more steady bullish action as an indication of a breakout.
A descending channel is believed to be a compelling bullish price formation that is angled down that is used to spot a tendency to break in the opposite direction if price breaks through the resistance.
A bullish push up towards 1.35 is probable on a breach of 1.3485 amid gbpusd reclaims part of the ground lost.
RISING WEDGE
USD/CHF
1H
We can see that a rising wedge has been found.
Once price breakdown occurs, the resulting move could identify extending an downtrend.
Usdchf to continue the dereciation trend to 0.818 on a breakout of the rising wedge.
DESCENDING CHANNEL
AUD/USD
4H
There is a descending channel spotted and the price breaks out now.
In case if price breaks out, the move could signal that the price will rally further.
Audusd to prolong the growth phase to the 0.714 zone as bullish momentum increases.
DESCENDING TRIANGLE
GBP/USD
1H
It looks like a descending triangle is close to being complete, gbpusd requires a further move to confirm descending triangle breakout.
A descending triangle predicts a sharp decline if price breaks below support.
A bearish continuation to 1.346 is possible while below 1.3468.
RECTANGLE
NZD/USD 1D
A rectangle is nearing completion, nzdusd needs a next move as a signal of a breakout.
A rectangle tends to be a chart signal that is used to indicate the more likely potential of falling prices in case if price breaks through the support.
Nzdusd opens door for a move to 0.57 on a breach of 0.576 as extra rangebound not ruled out.
ASCENDING TRIANGLE
USD/CAD 1H
The price sets up an ascending triangle and the price breaks out.
An ascending triangle signals a further move up in case if price breaks above resistance.
There is a chance of a rangebound towards the 1.394 zone on a breakout of the ascending triangle.
PENNANT
EUR/USD
1H
A pennant has been determined, the price calls for a more strong move to confirm pennant breakdown.
Once price breaks down, the move could indicate a bearish price action.
A rangebound towards 1.153 is not ruled out on impulse below 1.154.
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