A descending channel emerges, the price is about to break out now.
A descending channel is a specific indicator that typically predicts a break during a downtrending market if price breaks above resistance.
EUR/USD to move upward to the 1.08 level.
EUR/USD: Pennant
EUR/USD,
1 hour
LONG
Apr 18
There is a pennant observed.
A pennant is a specific indicator that is used to identify a bullish price action if price breaks above resistance.
A move towards the 1.138 mark is not ruled out on a breakout of the pennant.
EUR/USD: Pennant
EUR/USD,
1 hour
SHORT
Sep 5
A pennant is revealed.
A pennant typically signals the more likely potential of falling prices when price breaks out to the the downside.
It is possible that a move to 1.078 will be made.
EUR/USD: Ascending Channel
EUR/USD,
1 day
SHORT
Oct 8
We can see that an ascending channel is close to being finished, the price breaks out.
An ascending channel denotes a reliable chart pattern with an upward bias that predicts the more likely potential of falling prices once price breakdown occurs.
Eurusd to extend its slide to 1.165.
EUR/USD: Symmetrical Triangle
EUR/USD,
1 hour
LONG
Dec 13
It looks like a symmetrical triangle has been recognized, the price wants a next bullish move as a clue of a breakout.
When price breaks out, the move could identify that prices are likely to keep rallying upward.
EUR/USD turns bullish towards the 1.081 level on a break above 1.0798.
EUR/USD: Rectangle
EUR/USD,
1 day
SHORT
Feb 1
There is a rectangle materializing and EUR/USD lacks an active bearish continuation as an indication of a breakout.
A rectangle is considered to be a useful bearish price action indicator that often signals the bulls have run out of steam in case if price breaks through the support.
It is likely that a bearish run towards the 1.08 level will occur as the currency pair becomes bearish.
EUR/USD: Descending Triangle
EUR/USD,
1 hour
LONG
Apr 2
EUR/USD: Falling Wedge
EUR/USD,
1 hour
LONG
Jan 20
It seems like a falling wedge is almost finished and the price calls for a bigger bullish continuation as a sign of a breakout.
A falling wedge represents a reliable bullish chart pattern that typically results in a bullish move when price breaks out to the the upside.
There is a possibility of a further bullish continuation to the 1.03 level as weakness seen overdone.
EUR/USD: Symmetrical Triangle
EUR/USD,
1 hour
SHORT
Jan 10
There is a symmetrical triangle distinguished, EUR/USD asks for a further steady move as proof of a breakout.
In case if price breaks down, the move could predict the bulls have run out of steam.
There is a chance of a move towards the 1.029 level.
EUR/USD: Rising Wedge
EUR/USD,
1 hour
SHORT
Sep 13
There is a rising wedge uncovered, the price is about to break out.
Once price breaks out, the move could indicate that the price to go short.
It is possible that a bearish continuation towards 1.073 will occur.
EUR/USD: Descending Channel
EUR/USD,
4 hours
LONG
Oct 14
We can see that a descending channel comes out, eurusd requests a more active move as an indication of a breakout.
A descending channel is believed to be a technical bullish chart formation that is used to signal a temporary interruption of an existing trend in case if price breaks out.
Eurusd is bullish and en route to 1.165 on impulse above 1.161.
EUR/USD: Rising Wedge
EUR/USD,
1 hour
SHORT
Sep 30
There is a rising wedge appearing and the price is about to break out now.
Once price breakdown occurs, the resulting move could indicate a sharp decline.
Eurusd still risks a move to 1.173.
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EUR/USD