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DESCENDING TRIANGLE
EUR/USD
4H
We can see that a descending triangle is nearing completion, the price expects a more active move for the certainty of breakout.
A descending triangle suggests a useful chart indicator that is used to predict extending an uptrend if price breaks out.
It is likely that a move to 1.16 will occur.
RECTANGLE
EUR/USD
1H
There is a rectangle found, the price needs a strong move as proof of a breakout.
A rectangle represents a specific bearish price action indicator that is used to indicate extending an downtrend when price breaks out to the the downside.
Eurusd to turn bearish to the 1.1575 zone while lower than 1.158.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel is diagnosed, eurusd wants a next move as a clue of a breakout.
A descending channel represents a technical bullish chart indicator that typically indicates a bullish move in case if price breaks above resistance.
It is possible that a bullish continuation to the 1.1605 mark will form on a breach of 1.16.
ASCENDING CHANNEL
EUR/USD
4H
It seems like an ascending channel is almost done and eurusd requires more bigger push down as a verification of a breakout.
An ascending channel is believed to be a useful bearish price formation that is angled up that can be used to identify a sharp decline once price breaks out to the the downside.
It is likely that a further bearish move to 1.158 will happen on a breakdown of the ascending channel.
BEARISH RECTANGLE
EUR/USD
1H
There is a bearish rectangle uncovered and eurusd requests a next bigger bearish move as an information of a breakout.
A bearish rectangle is believed to be a compelling bearish chart formation that is used to predict the more likely potential of falling prices in case if price breaks through the support.
A bearish price action to 1.158 looks likely on a breach of 1.1582.
DESCENDING CHANNEL
EUR/USD
1H
As we can see a descending channel occurs, eurusd wants a bigger move as a clue of a breakout.
A descending channel signals a temporary interruption during a falling market when price breaks out.
There is a chance of a further bullish continuation towards 1.161.
FALLING WEDGE
EUR/USD
1H
A falling wedge occurs.
A falling wedge can be thought of as a specific price signal that can be used to predict that the price to go long if price breaks through the resistance.
There is a chance of a move towards 1.161 on a breach of 1.16.
ASCENDING CHANNEL
EUR/USD
4H
There is an ascending channel observed, eurusd requests a more steady bearish continuation as an information of a breakout.
In case if price breaks down, the resulting move could spot a next move down.
There is a chance of a move towards the 1.158 level as bearish momentum increases.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle occuring and the price is close to breaking out now.
An ascending triangle identifies a compelling bearish pattern that is angled up that typically predicts a next move down once price collapses through the support line.
Eurusd violates bullish trendline to 1.16.
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