Open:
High:
Low:
Close:
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel has been detected.
A descending channel results in that the price to go long if price breaks out.
Gold could attempt a move to 4150 as uptrend may continue.
RISING WEDGE
USD/JPY
1H
There is a rising wedge identified and the price is close to breaking out soon.
A rising wedge tends to be a technical chart formation that is angled up that spots a bearish price move if price breaks out.
Usdjpy to continue lower to 160.5 on a breakout of the rising wedge.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like a descending channel has been spotted and the price asks for a bullish move as an information of a breakout.
A descending channel indicates a move up when price breaks out to the the upside.
There is a probability of a further bullish price action towards 1670.
RISING WEDGE
USD/JPY
1H
A rising wedge is close to being done and the price demands a bigger move as proof of a breakout.
A rising wedge typically identifies prices are likely to keep falling downward when price breaks through the support.
It is not ruled out that a move towards 160.4 will happen.
DESCENDING CHANNEL
Gold
XAU/USD
1H
It looks like gold builds a descending channel and the price is going to break out now.
A descending channel typically indicates a next move up if price breaks through the resistance.
Gold to extend its advance to the 4150 mark on a breach of 4120.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
There is an ascending channel determined and the price expects a further move as a verification of a breakout.
An ascending channel represents a reliable price action pattern that can be used to spot an upward trend is about to reverse into an downward trend in case if price breaks below support.
A bearish push down towards 88 is going to happen while below 90.5.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel turning up, btcusd lacks a next steady move as a signal of a breakout.
A descending channel identifies a signal that identifies that the price will rally further once price breaks out.
There is a chance of a move towards 63000 as bulls looking for profit.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is almost finished, ethusd lacks more steady push up as a verification of a breakout.
A descending channel depicts a price indicator that can be used to indicate a break in the price direction if price breaks through the resistance.
Ethusd tests a move towards 1660 on a upside break.
RECTANGLE
USD/JPY
1D
It seems like a rectangle materializes.
A rectangle identifies a reliable price action signal that is used to predict that prices are likely to keep rallying upward once price breaks through the resistance.
Usdjpy to extend its advance to 161.
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