Open:
High:
Low:
Close:
RISING WEDGE
EUR/USD
4H
There is a rising wedge discovered.
A rising wedge often results in a bullish-to-bearish trend reversal in case if price breaks below support.
There is a possibility of a bearish run to 1.155 on a breakout of the rising wedge as eurusd becomes under pressure.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel developing and eurusd asks for a more active move to confirm ascending channel breakout.
An ascending channel tends to be a specific signal that is used to indicate a further move down once price breaks out.
Eurusd to accomodate to the 1.16 mark on a breach of 1.1615.
ASCENDING CHANNEL
EUR/USD
1H
As we can see an ascending channel is uncovered.
An ascending channel identifies a compelling price pattern that can be used to indicate a breakdown is likely to occur in case if price breaks below support.
Eurusd to maintain its negative tone to 1.162 on a break below 1.1625.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel taking place, the price is breaking out.
An ascending channel typically identifies a sharp decline if price breaks out to the the downside.
Eurusd still risks a move towards the 1.162 zone.
DESCENDING CHANNEL
EUR/USD
1D
A descending channel has been uncovered.
A descending channel signals that the price to go long in case if price breaks out.
There is a probability of a bullish price action towards 1.17 on a upside break as the currency pair nears 1.16 hurdle.
DESCENDING TRIANGLE
EUR/USD
1H
A descending triangle is close to being completed, the price requests a bit more consolidation as evidence of a breakout.
A descending triangle suggests a price pattern that often indicates a change in price direction once price breaks through the resistance.
A bullish price action to the 1.16 level is on the cards.
PENNANT
EUR/USD
1H
There is a pennant emerging, eurusd asks for a next steady move for the certainty of breakout.
A pennant depicts a signal that can be used to signal a bullish price move in case if price breaks out.
Eurusd to extend its rebound towards 1.159.
PENNANT
EUR/USD
1H
It seems like a pennant pops up, the price asks for a next active move as proof of a breakout.
A pennant denotes a reliable bearish price indicator that can be used to indicate prices are likely to keep falling downward if price collapses through the support line.
Eurusd pulls away from recent highs to 1.157 as there is room for a downside correction.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel taking place and eurusd calls for a next bearish move to confirm ascending channel breakout.
An ascending channel indicates a bearish price action when price breaks below support.
Eurusd to move downward to 1.157 on a break below 1.157 as downtrend may continue.
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