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BISEAU ASCENDANT
GBP/USD
1H
There is a rising wedge poping up, gbpusd lacks more fall as a clue of a breakout.
A rising wedge often signals a bearish price move once price breaks out to the the downside.
Gbpusd opens door for a move to 1.338.
TRIANGLE DESCENDANT
NZD/USD 1H
A descending triangle turns up, the price is ready to break out.
If price breaks above resistance, the resulting move could spot that prices are likely to keep rallying upward.
Nzdusd turns higher towards the 0.573 mark.
CANAL DESCENDANT
GBP/USD
4H
As we can see the price sets up a descending channel, the price is about to break out.
A descending channel denotes a reliable pattern that is angled down that is used to indicate the bears have run out of steam when price breaks through the resistance.
It is possible that a rangebound towards the 1.34 zone will be made as bulls seeking a new high.
RECTANGLE HAUSSIER
USD/CAD 1H
There is a bullish rectangle determined.
A bullish rectangle is believed to be a compelling price action formation that can be used to indicate a next move up in case if price breaks above resistance.
It is not ruled out that a bullish move to the 1.402 zone will happen as the currency pair is at a brink of a bullish breakout.
CANAL DESCENDANT
NZD/USD 4H
There is a descending channel materializing.
A descending channel provides a chart pattern that is angled down that can be used to predict that the price to go up once price breaks through the resistance.
Nzdusd to look for a further push to 0.574 on a break above 0.572 as there is room for a upside correction.
BISEAU ASCENDANT
USD/CHF
4H
It seems like the price gives a rising wedge.
In case if price breaks below support, the move could signal a bearish price action.
There is a probability of a bearish run to the 0.82 mark on a breakout of the rising wedge.
TRIANGLE DESCENDANT
AUD/USD
1H
A descending triangle is close to being done, the price wants a strong move as an information of a breakout.
A descending triangle identifies a compelling bullish price indicator that typically signals a sharp rise if price breaks above resistance.
Audusd looks ready to further extend its gains to 0.713 once above 0.7128.
CANAL ASCENDANT
USD/CAD 1H
It seems like an ascending channel has been observed.
An ascending channel typically indicates a further move down once price breaks through the support.
Usdcad violates bullish trendline towards 1.398 as the mood may get worse.
CANAL DESCENDANT
EUR/USD
1H
Eurusd creates a descending channel and the price requests bigger rise as a verification of a breakout.
When price breaks through the resistance, the resulting move could indicate that the price to go up.
Eurusd violates bearish trendline towards the 1.149 mark as downside pressure mitigates.
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