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ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle found and eurusd demands a further bigger bullish move to confirm ascending triangle breakout.
An ascending triangle tends to be a specific signal that is used to signal a next move up when price breaks out.
A rangebound to the 1.125 zone stays on the cards as indicators turn bullish.
DESCENDING CHANNEL
EUR/USD
4H
There is a descending channel developing.
A descending channel spots that the price to go long in case if price breaks out to the the upside.
Eurusd risks a move to the 1.124 level as minor hurdle remains at 1.1225.
DESCENDING CHANNEL
EUR/USD
1D
There is a descending channel found, eurusd calls for a more bullish impulse as evidence of a breakout.
A descending channel is considered to be a useful indicator that is used to signal a sharp rise when price breaks out to the the upside.
Eurusd violates bearish trendline to 1.13 as eurusd sticks to the positive mood.
RISING WEDGE
EUR/USD
1H
There is a rising wedge occuring.
When price breaks through the support, the move could predict a next move down.
There is a chance of a bearish price action towards 1.12 on a break below 1.121.
FALLING WEDGE
EUR/USD
1D
There is a falling wedge happening and the price requires a bit more consolidation as a sign of a breakout.
A falling wedge is believed to be a useful pattern that has a downward slope that often results in a next move up in case if price breaks through the resistance.
There is a chance of a bullish continuation towards 1.13 as the currency pair resumes the upside.
RISING WEDGE
EUR/USD
1H
A rising wedge is nearing completion, the price is breaking out.
A rising wedge is a compelling bearish indicator that signals price heading to a new direction when price breaks out.
There is a possibility of a bearish push down towards 1.119.
FALLING WEDGE
EUR/USD
4H
The price completes a falling wedge and the price is ready to break out.
A falling wedge indicates a further move up in case if price breaks out to the the upside.
Eurusd tests a move to the 1.122 zone as bulls looking for profit.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle happening and the price asks for a steady move as proof of a breakout.
An ascending triangle typically predicts the more likely potential of rising prices once price breaks out to the the upside.
Eurusd risks a move to 1.121 as the mood may improve.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel exposed.
Once price breaks through the resistance, the resulting move could signal a further move up.
A further bullish move towards 1.12 looks possible as outlook for the currency pair stays positive.
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