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DESCENDING TRIANGLE
USD/JPY
1H
It looks like a descending triangle is discovered, the price is about to break out now.
A descending triangle predicts prices are likely to keep falling downward if price breaks through the support.
Usdjpy to continue the dereciation trend to 152.6.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel diagnosed and the price is close to breaking out now.
A descending channel typically signals a temporary interruption of an existing trend in case if price breaks above resistance.
It is not ruled out that a bullish push up towards 1.188 will form once beyond 1.1874 as minor hurdle remains at 1.1874.
DESCENDING CHANNEL
GBP/USD
1H
As we can see a descending channel is close to being completed, gbpusd calls for a bit more consolidation as evidence of a breakout.
A descending channel provides a bullish chart formation with a downward bias that typically signals a next move up once price breaks out.
It is possible that a further bullish push up to the 1.366 zone will be made.
FALLING WEDGE
Crude Oil
USOIL
1H
As we can see a falling wedge is nearing completion, the price is close to breaking out.
A falling wedge denotes a technical bullish chart signal that signals a bullish move if price breaks through the resistance.
There is a probability of a bullish move towards 63.5.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel is close to being complete and the price demands push up as an indication of a breakout.
In case if price breaks above resistance, the move could signal that the price to go up.
It is not ruled out that a bullish price action to 1.364 will form on a breakout of the descending channel.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle happening.
If price breaks out, the resulting move could indicate prices are likely to keep falling downward.
It is possible that a further bearish continuation to the 152.6 level will happen.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel forms, btcusd requests a bit more consolidation as a clue of a breakout.
When price breaks above resistance, the move could spot a sharp rise.
Btcusd looks ready to further extend its gains towards the 68000 zone.
FALLING WEDGE
GBP/USD
1H
A falling wedge has been exposed, the price is going to break out.
A falling wedge suggests a bullish price pattern that has a downward slope that can be used to spot a downward trend is about to reverse into an upnward trend if price breaks out.
Gbpusd to recover bullish potential towards the 1.364 level on a breakout of the falling wedge as door open for a test of 1.364.
FALLING WEDGE
Bitcoin
BTC/USD
4H
A falling wedge materializes and the price is ready to break out.
Once price breaks through the resistance, the move could signal that the price to go up.
It is possible that a move towards the 68000 mark will happen as the cryptocurrency sticks to the positive mood.
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