Open:
High:
Low:
Close:
DESCENDING CHANNEL
GBP/USD
1D
A descending channel is distinguished.
A descending channel results in a bullish price move in case if price breaks out to the the upside.
Gbpusd to grind higher to the 1.34 level as gbpusd becomes supported.
ASCENDING CHANNEL
GBP/USD
1H
The price creates an ascending channel and gbpusd requires a further move as an information of a breakdown.
An ascending channel is a reliable chart pattern that has an upward slope that typically predicts a next move down when price breaks out.
It is possible that corrective downside towards 1.33 will form on a breakout of the ascending channel as gbpusd becomes bearish.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel arising.
An ascending channel often results in the bulls have run out of steam in case if price breaks through the support.
Gold to accomodate to 4160 on impulse below 4170.
PENNANT
USD/JPY
1H
Usdjpy shows a pennant and the price is ready to break out soon.
A pennant typically predicts a bullish move when price breaks above resistance.
There is a probability of a move towards the 158.1 level as bulls lurking in demand zone.
ASCENDING CHANNEL
EUR/USD
1H
It seems like an ascending channel is identified, eurusd calls for a bearish action as a verification of a breakdown.
An ascending channel typically identifies that the price to go short in case if price breaks through the support.
Eurusd could attempt a move towards 1.122.
PENNANT
USD/JPY
1H
There is a pennant observed and usdjpy requests a strong bearish continuation as proof of a breakout.
A pennant indicates a further move down if price breaks out.
Decline to 157.8 is a possibility on a breakout of the pennant.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
There is a descending channel uncovered and ethusd asks for a bit more consolidation as an information of a breakout.
A descending channel is considered to be a formation with a downward bias that can be used to identify an extension in the upward direction in case if price breaks through the resistance.
A bullish run to 2500 is a possibility as outlook for ethusd stays positive.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle found and eurusd demands a further bigger bullish move to confirm ascending triangle breakout.
An ascending triangle tends to be a specific signal that is used to signal a next move up when price breaks out.
A rangebound to the 1.125 zone stays on the cards as indicators turn bullish.
DESCENDING CHANNEL
EUR/USD
4H
There is a descending channel developing.
A descending channel spots that the price to go long in case if price breaks out to the the upside.
Eurusd risks a move to the 1.124 level as minor hurdle remains at 1.1225.
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