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Close:
BULLISH FLAG
USD/CHF
1H
There is a bullish flag identified, the price is ready to break out.
A bullish flag identifies a bullish move when price breaks through the resistance.
It is likely that a further bullish price action to the 0.826 zone will be made.
DESCENDING CHANNEL
GBP/JPY 1H
There is a descending channel poping up and gbpjpy wants rise to confirm descending channel breakout.
Once price breaks out, the move could indicate an extension in the upward direction.
Gbpjpy does not rule out a move to 209.5.
PENNANT
USD/JPY
1H
It seems like usdjpy shapes a pennant.
In case if price breaks out to the the upside, the resulting move could spot a further move up.
Usdjpy looks ready to further extend its gains towards 156.5 on a breakout of the pennant.
จั่วขาลง
AUD/USD
4H
It seems like audusd shapes a falling wedge and the price is close to breaking out soon.
A falling wedge often predicts a downward trend is about to reverse into an upnward trend in case if price breaks out to the the upside.
Audusd to continue higher towards the 0.714 level on a breakout of the falling wedge.
TRIANGLE WAVE
NZD/USD 1H
A symmetrical triangle is almost done, the price is breaking out.
A symmetrical triangle suggests a specific bearish pattern that can be used to indicate that the price to go down if price breaks out.
Nzdusd to resume its downfall to 0.572 as the mood may get worse.
รูปแบบจั่วแบบขึ้น
USD/CAD 1H
A rising wedge pops up, the price is going to break out.
A rising wedge suggests a reliable bearish price pattern that has an upward slope that signals a bearish price move if price breaks out to the the downside.
Usdcad risks extending drop to the 1.398 level while lower than 1.3985 as upside pressure alleviates.
จั่วขาลง
GBP/JPY 1H
A falling wedge is very close to being finished and gbpjpy demands a strong bullish impulse as an indication of a breakout.
A falling wedge predicts a next move up in case if price breaks out.
It is not ruled out that a bullish push up to the 208.6 zone will happen as bullish momentum increases.
DESCENDING CHANNEL
GBP/JPY 1H
The price develops a descending channel.
A descending channel describes a reliable bullish chart indicator that can be used to indicate a break during a downtrending market if price breaks out.
A further bullish run to the 209.2 level is on the cards as indicators turn bullish.
BEARISH RECTANGLE
EUR/USD
1H
A bearish rectangle is almost completed and the price breaks out soon.
If price breaks out to the the downside, the resulting move could predict the bulls have run out of steam.
Eurusd risks a correction to 1.153.
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