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Tuesday, May 24, 2022

Ascending Channel Analysis

GBPNZD is moving in an Uptrend by forming higher highs, higher lows in the weekly time frame chart.

Now, GBPNZD reached the bottom level for fifth time. 

Please be patience and wait for the confirmation of reversal or breakout. 

Singapore Dollar moving in a Channel

USDSGD is moving in an Ascending channel by forming higher highs, higher lows in the Monthly Time frame chart.

USDSGD trend analysis on monthly chart

Now, market price reached the higher low of the uptrend line.

Let’s wait for the confirmation of reversal or breakout.

Ascending Triangle in EURCAD

EURCAD is moving in an Ascending Triangle pattern by forming Equal highs and Higher lows in the Weekly time frame chart. 

Ascending Triangle pattern in weekly time frame EURCAD chart

Let’s wait for the confirmation of Breakout of the Ascending Triangle pattern to catch the big long term trade on EURCAD. 

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