The new bearish channel has been invalidated by a bullish breakout Prices are now back to their older bearish channel Despite the large bullish breakout A bearish rebound is still possible in this area
Prices remain in a strong downtrend The next bearish resistance still holds But the downward slope seems to be accelerating Despite the ongoing bullish retracement A bearish recovery remains possible
The underlying trend is strongly bullish In the shorter term prices are forming a bearish pennant This is a bullish continuation pattern To be confirmed, prices must break above the bearish oblique support
Prices are in an ascending triangle This is a bullish continuation pattern The previous bullish support line has been broken A new one is taking over. In theory, so far the trend remains bullish
Continuation of the uptrend seems to be the right scenario Prices have just broken a new resistance A pullback may be underway but the underlying trend is up In theory, after their pause, prices could go up again
Following the last bearish bounce, a large resistance has just been broken on the pair This is a bearish continuation pattern In theory prices could continue to fall.
So far the bullish scenario seems to be the right one Prices have found a bullish support They are using it right now to bounce higher In the absence of any new information, the bullish trend is still in effect.
Prices have broken through their previous level of bullish resistance This is a new indication of a bullish recovery A pullback is underway but in theory prices could continue to rise
The upper bound of the channel has been broken As the channel is bullish, this is a bullish continuation pattern In theory prices could continue to rise
Prices have broken through their bearish resistance This is a bearish continuation pattern In theory prices could fall further
Prices are holding in their bearish channel Moreover, they are moving lower and lower But the real test seems to be a little lower At the next big bearish resistance In theory, this is the direction the market is heading.
Prices retraced downward before rebounding upward This updates the uptrend line that accompanies the rise So far the underlying trend remains bullish and therefore the bullish scenario remains in place.
The bearish scenario was the right one As a result prices were able to make a new low But without touching the lower bound of the channel So it could be that they continue to fall to break the bearish channel Before perhaps extending the decline towards the breakout target of the bearish channel.
A bearish oblique resistance was broken. The market has turned around and is now in a bullish channel Prices could go back up to look for the upper bound of this channel In order to confirm this new bullish direction.
The last bearish bounce worked perfectly well Prices are only a few pips away from validating a new low A bullish retracement is currently underway but the resumption of the decline remains a reality
The last bearish bounce worked perfectly well Prices are only a few pips away from validating a new low A bullish retracement is currently underway but the resumption of the decline remains a reality
Prices are in a bearish channel The previous bearish rebound went well A new one is currently underway If the scenario is confirmed, prices could reach a new low.
Bearish trend line on the pair Several successful rebounds The last one still incomplete. Prices may well continue towards a new low in rule.