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GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
5 days ago
There is a descending channel noticed.
A descending channel often predicts a break in the price direction when price breaks above resistance.
GBP/USD to continue higher towards 1.26 on a breach of 1.256 amid rising bets for the move.
USD/JPY: Ascending Channel
USD/JPY,
4 hours
SHORT
4 days ago
It seems like an ascending channel is close to being completed and the price demands a move as evidence of a breakdown.
When price breaks below support, the resulting move could indicate that prices move counter to the prevailing price trend.
There is a chance of a bearish move towards 156 on a breach of 156.2.
Ethereum: Descending Channel
ETH/USD,
1 hour
SHORT
6 hours ago
It looks like a descending channel is detected and the price breaks out.
A descending channel represents a compelling bearish signal that results in a next move down once price breaks below support.
It is likely that corrective downside towards 3090 will occur on a breach of 3096.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Feb 13
There is a descending channel noticed, the price is going to break out soon.
In case if price breaks out to the the upside, the move could signal a bullish move.
A bullish push up towards 149.6 is probable while above 149.48 as USD/JPY challenges 149.48 hurdle.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Apr 25
We can see that an ascending triangle is close to being complete and the price is ready to break out.
An ascending triangle is considered to be a technical bullish price action formation that is used to indicate a further move up if price breaks out.
BTC/USD to continue higher towards 27800 as the cryptocurrency challenges 27650 hurdle.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
6 hours ago
An ascending channel has been encountered, the price breaks out.
An ascending channel describes a reliable price action pattern that can be used to identify a temporary interruption of an existing trend when price breaks through the support.
There is a chance of extra downside to 66800 as BTC/USD failes to keep gains.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
Oct 11
It looks like the price establishes an ascending channel and the price is ready to break out.
An ascending channel often identifies an interruption of an uptrend once price breakdown occurs.
USOIL turns bearish to the 85.6 zone as indicators turn bearish.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
SHORT
Jun 5
An ascending triangle is distinguished, the price is ready to break out.
An ascending triangle is a technical price action indicator that results in that the price to go short once price breaks out to the the downside.
There is a chance of a bearish price action to the 1895 zone while lower than 1896.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Jun 7
It seems like an ascending channel is almost done and XAU/USD demands a further steady bearish impulse for clear breakout confirmation.
An ascending channel is considered to be a useful price action formation that identifies that the price to go down when price breaks through the support.
It is possible that a bearish move towards 1976 will form.
Ethereum: Bearish Flag
ETH/USD,
1 hour
SHORT
Jan 21
We can see that a bearish flag is spotted.
A bearish flag describes a technical bearish price pattern that has an upward slope that typically identifies the more likely potential of falling prices when price breaks through the support.
There is a chance of extra downside towards 2465 on a breakout of the bearish flag.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Jun 1
We can see that USD/JPY completes a descending channel, the price is about to break out.
Once price breaks out, the resulting move could identify a bullish price move.
It is possible that a further bullish continuation towards the 140 zone will take place once above 139.7.
EUR/USD: Descending Channel
EUR/USD,
1 day
LONG
May 7
There is a descending channel exposed.
A descending channel typically results in a further move up when price breaks out to the the upside.
EUR/USD to turn bullish to the 1.09 mark on a breach of 1.078 as the currency pair is at a brink of a bullish breakout.