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RISING WEDGE
EUR/USD
1H
A rising wedge appears, the price calls for an active move for the certainty of breakdown.
A rising wedge is considered to be a useful pattern that is used to predict a next move down when price breaks out.
There is a probability of a bearish push down towards 1.162.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle detected.
An ascending triangle depicts a bullish chart signal that can be used to indicate that prices are likely to keep rallying upward when price breaks above resistance.
It is not ruled out that a bullish push up towards 1.162 will take place as the currency pair loses bearish momentum.
FALLING WEDGE
EUR/USD
4H
A falling wedge is close to completion, the price demands active push up as an indication of a breakout.
A falling wedge signals a further move up once price breaks out to the the upside.
A bullish push up to 1.162 is about to happen on a breach of 1.16.
DESCENDING CHANNEL
EUR/USD
1H
The price establishes a descending channel, the price calls for a more bullish move as an indication of a breakout.
A descending channel typically identifies a bullish move once price breaks out.
There is a probability of a further bullish continuation to the 1.161 level on a breach of 1.1598 as risk reversal sheds bearish bias.
DESCENDING CHANNEL
EUR/USD
1H
It seems like a descending channel has been identified, the price demands a further move for the certainty of breakout.
A descending channel typically signals price heading to a new direction in case if price breaks out.
Eurusd hints a change to the upside towards 1.159 as risk reversal sheds bearish bias.
BULLISH FLAG
EUR/USD
4H
As we can see the price composes a bullish flag and the price demands a next strong move as an information of a breakout.
If price breaks above resistance, the move could signal that the price to go up.
Eurusd points to the upside towards the 1.162 level as extra rangebound not ruled out.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge materializing.
When price breaks above resistance, the resulting move could identify a breakout higher.
Eurusd violates bearish trendline towards the 1.16 mark as door open for the continuation of the uptrend.
RECTANGLE
EUR/USD
1H
We can see that a rectangle materializes, the price is breaking out.
A rectangle identifies a useful price action pattern that indicates a bearish price action if price breaks through the support.
Eurusd does not rule out a move towards 1.158 on a breach of 1.1592.
BEARISH FLAG
EUR/USD
1H
There is a bearish flag emerging.
When price breaks out to the the downside, the move could indicate a change in the prevailing trend.
It is not ruled out that a bearish move towards the 1.16 mark will form.
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