Open:
High:
Low:
Close:
RISING WEDGE
Gold
XAU/USD
1H
A rising wedge is close to completion and the price is close to breaking out soon.
A rising wedge indicates a pause in an uptrending market once price breaks out.
Gold risks suffer setback to the 4800 zone while below 4815.
SYMMETRICAL TRIANGLE
GBP/USD
1H
A symmetrical triangle is close to being complete, the price is breaking out.
A symmetrical triangle represents a chart indicator that is used to signal a sharp rise in case if price breaks out to the the upside.
Gbpusd to move up to the 1.358 zone.
PENNANT
EUR/USD
1H
It seems like a pennant takes place.
A pennant is a reliable bullish signal that can be used to spot the more likely potential of rising prices once price breaks out to the the upside.
A bullish continuation towards the 1.18 mark is about to happen as bulls looking for profit.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It seems like the price shows a falling wedge, the price is ready to break out now.
A falling wedge describes a compelling bullish signal that identifies a further move up once price breaks through the resistance.
Btcusd to surge considerably to 74500.
PENNANT
USD/JPY
1H
A pennant has been discovered, the price calls for a bit more consolidation to confirm pennant breakout.
A pennant indicates a next move up if price breaks out.
There is a chance of a further rangebound to 159.1 as usdjpy loses bearish momentum.
BULLISH FLAG
Ethereum
ETH/USD
1H
There is a bullish flag spotted and ethusd requests a steady move as an indication of a breakout.
A bullish flag is a compelling formation that is angled down that is used to spot a breakout higher once price breaks through the resistance.
There is a chance of a rangebound to 2340.
ASCENDING CHANNEL
Gold
XAU/USD
1H
Gold creates an ascending channel, the price demands a more bigger move as a clue of a breakdown.
An ascending channel depicts a specific bearish price formation that is angled up that is used to identify a tendency to break in the opposite direction when price collapses through the support line.
Gold looks south towards 4800 as minor hurdle remains at 4810.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
A descending channel takes place, the price is ready to break out soon.
A descending channel denotes a bullish chart signal that can be used to predict a move up if price breaks out to the the upside.
Crude-oil dives out bearish trendline to the 94 zone as downside pressure seen easing.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel turning up and the price is ready to break out.
A descending channel identifies a specific bullish price action pattern that has a downward slope that can be used to indicate a bullish price action in case if price breaks out to the the upside.
Usdjpy could attempt a move to the 159.2 zone as there is a chance for a upside correction.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.