Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is close to completion.
An ascending channel suggests a price action signal that typically signals an interruption of an uptrend once price breaks through the support.
It is not ruled out that decline to 159.4 will take place.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel is found.
A descending channel typically identifies that the price will rally further if price breaks through the resistance.
There is a chance of a bullish price action towards 1.174 on a upside break as extra rangebound not ruled out.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle turning up and gold lacks a next move as proof of a breakout.
A descending triangle denotes a bullish signal that indicates that the price will rally further in case if price breaks out to the the upside.
Gold could attempt a move towards 4760 while above 4750.
ASCENDING TRIANGLE
GBP/USD
1H
There is an ascending triangle occuring, the price is about to break out soon.
An ascending triangle typically signals the more likely potential of rising prices when price breaks above resistance.
Gbpusd targets a move towards the 1.348 level.
DESCENDING CHANNEL
GBP/USD
1H
We can see that a descending channel has been recognized and gbpusd asks for a next bullish move to confirm descending channel breakout.
A descending channel typically indicates a bullish price action if price breaks through the resistance.
There is a probability of a move to the 1.348 zone.
RECTANGLE
Ethereum
ETH/USD
1H
It looks like a rectangle is close to completion and the price breaks out now.
A rectangle identifies a technical bullish pattern that can be used to signal the bears have run out of steam once price breaks out.
Ethusd to continue higher towards the 2230 level on a breach of 2220 as bulls looking for profit.
PENNANT
USD/JPY
4H
A pennant is close to being finished.
A pennant indicates a move down in case if price breakdown occurs.
Usdjpy set to extend its decline to the 159 mark as door open for the continuation of the downtrend.
DESCENDING CHANNEL
Gold
XAU/USD
1H
We can see that a descending channel happens, gold requires a further bullish move for clear breakout confirmation.
A descending channel indicates a bullish price move when price breaks above resistance.
It is possible that a bullish move towards 4800 will take place.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle develops.
A descending triangle typically spots a next move up once price breaks out.
There is a possibility of a further move towards 71200 on a breach of 71200.
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