Open:
High:
Low:
Close:
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel taking place, the price calls for a bit more consolidation as a sign of a breakout.
A descending channel predicts that the price to go up in case if price breaks out.
It is not ruled out that a bullish move to 1.162 will form as the currency pair loses bearish momentum.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It looks like a falling wedge emerges and the price is about to break out soon.
A falling wedge typically indicates a tendency to break in the opposite direction once price breaks above resistance.
Btcusd to peak to 77500 on a breach of 77300.
RECTANGLE
Ethereum
ETH/USD
1H
It looks like a rectangle is very close to being completed.
A rectangle can be thought of as a specific bullish price formation that is used to predict the bears have run out of steam if price breaks out.
A bullish move to 2500 looks likely as the cryptocurrency challenges 2485 hurdle.
BULLISH FLAG
Ethereum
ETH/USD
4H
A bullish flag is close to being done, the price is ready to break out now.
A bullish flag indicates a break during a downtrending market in case if price breaks out.
Ethusd to resume its rise to 2520 while above 2510.
FALLING WEDGE
GBP/USD
1H
A falling wedge is almost done, the price is about to break out soon.
A falling wedge tends to be a reliable bullish price formation that results in a next move up once price breaks out to the the upside.
A further rangebound to the 1.353 level is a possibility on impulse above 1.3525.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel encountered.
If price collapses through the support line, the move could predict that the price to go short.
There is a probability of a bearish run to 153 as usdjpy becomes vulnerable.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that an ascending channel is close to being complete, the price is close to breaking out soon.
Once price breaks through the support, the move could predict reversals in uptrends.
There is a possibility of decline towards 98 as the commodity keeps the bid tone.
FALLING WEDGE
EUR/USD
1H
A falling wedge appears and the price requires a move as a clue of a breakout.
A falling wedge predicts extending an uptrend if price breaks out to the the upside.
Eurusd is bullish and en route to the 1.162 zone.
RECTANGLE
EUR/USD
4H
It seems like a rectangle is detected and eurusd needs a more move to confirm a breakout.
A rectangle is considered to be a reliable bearish price indicator that is used to identify prices are likely to keep falling downward once price breaks below support.
Eurusd does not rule out a move towards 1.16 on impulse below 1.1605.
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