Open:
High:
Low:
Close:
ASCENDING TRIANGLE
EUR/USD
1H
Eurusd establishes an ascending triangle and eurusd asks for a bigger correction as a clue of a breakout.
An ascending triangle is a compelling signal that often predicts a sharp decline in case if price breaks down.
Eurusd set to extend its decline towards the 1.162 zone as eurusd keeps the bid tone.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel taking place, eurusd expects a further move as proof of a breakout.
A descending channel depicts a compelling pattern that is used to spot a downward trend is about to reverse into an upnward trend if price breaks above resistance.
A move towards the 1.165 level is likely on a breakout of the descending channel as eurusd nears 1.1646 hurdle.
PENNANT
EUR/USD
4H
We can see that a pennant is close to being done and eurusd needs a steady move as a clue of a breakout.
A pennant tends to be a reliable price action formation that typically identifies a move up if price breaks out to the the upside.
Eurusd to look for a further push towards the 1.166 mark on a breakout of the pennant.
RISING WEDGE
EUR/USD
4H
A rising wedge comes out.
A rising wedge often spots a break during an uptrending market in case if price breaks below support.
Further decline to the 1.162 level looks possible as indicators favor bears.
RISING WEDGE
EUR/USD
1H
It looks like a rising wedge materializes, the price lacks pullback as a clue of a breakout.
A rising wedge depicts a reliable bearish price indicator that can be used to predict that the price to go down in case if price breaks out to the the downside.
Eurusd to head towards the 1.164 level as bears seeking a new low.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel is very close to being completed, the price requires a further bullish impulse as a clue of a breakout.
A descending channel is believed to be a useful price formation with a downward bias that signals a change in price direction when price breaks out.
It is likely that a move to 1.166 will happen as the currency pair is at a brink of a bullish breakout.
FALLING WEDGE
EUR/USD
1H
It looks like a falling wedge is found and eurusd requests more strong push up for clear breakout confirmation.
If price breaks above resistance, the move could signal extending an uptrend.
Eurusd to accomodate towards 1.166 once above 1.1652.
PENNANT
EUR/USD
1H
It seems like a pennant is close to being completed.
A pennant is a technical chart formation that is used to predict that the price to go short once price breaks below support.
There is a probability of a rangebound towards 1.164.
ASCENDING CHANNEL
EUR/USD
4H
There is an ascending channel observed, the price asks for next steady push down as evidence of a breakdown.
In case if price breakdown occurs, the move could spot that the price to go down.
Eurusd set to extend its decline towards 1.162.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.