Open:
High:
Low:
Close:
PENNANT
Bitcoin
BTC/USD
1H
It looks like a pennant has been diagnosed and the price is close to breaking out now.
A pennant is considered to be a technical signal that typically spots a next move up when price breaks above resistance.
Btcusd turns bullish to the 61000 zone.
DESCENDING CHANNEL
USD/JPY
1H
The price completes a descending channel.
When price breaks out to the the upside, the resulting move could identify the bears have run out of steam.
Usdjpy looks ready to further extend its gains towards the 161.8 mark once beyond 161.72 as there is a chance for a upside correction.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel poping up.
In case if price breaks through the support, the move could identify a next move down.
Gbpusd to move back to 1.318 on a breakout of the ascending channel.
FALLING WEDGE
Ethereum
ETH/USD
1H
A falling wedge has been diagnosed and the price is ready to break out now.
When price breaks above resistance, the resulting move could identify a tendency to break in the opposite direction.
A bullish price action towards 1580 is on the cards as the cryptocurrency probes 1580 hurdle.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
An ascending triangle takes place.
An ascending triangle suggests a useful formation that is used to indicate extending an uptrend if price breaks out to the the upside.
A move towards the 4060 zone is about to happen on a breach of 4055.
PENNANT
GBP/USD
1H
A pennant is distinguished.
In case if price breaks out to the the upside, the move could indicate a move up.
There is a probability of a bullish push up towards 1.321 once above 1.321.
BEARISH FLAG
Crude Oil
USOIL
1H
It looks like a bearish flag occurs and the price is ready to break out now.
A bearish flag often signals that prices move counter to the prevailing price trend if price breaks below support.
It is likely that corrective downside towards 70 will form.
BULLISH FLAG
Gold
XAU/USD
4H
There is a bullish flag taking place and gold asks for a bullish action as evidence of a breakout.
If price breaks out, the move could indicate the bears have run out of steam.
It is not ruled out that a bullish run towards the 4100 mark will form while above 4060.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is close to being complete, usdjpy lacks a further steady move to confirm a breakdown.
An ascending channel can be thought of as a specific bearish price action signal that indicates a bearish move in case if price breaks out.
Usdjpy hints a change to the downside towards the 161.6 mark on a break below 161.66 as the currency pair nears 161.66 hurdle.
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