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PENNANT
USD/JPY
1H
There is a pennant taking place and usdjpy requires a move to confirm pennant breakout.
A pennant depicts a technical chart formation that results in that prices are likely to keep rallying upward when price breaks above resistance.
Usdjpy turns higher to the 163.9 mark on a breakout of the pennant.
DESCENDING TRIANGLE
GBP/USD
1H
Gbpusd shapes a descending triangle, gbpusd calls for a more bullish move as evidence of a breakout.
A descending triangle identifies a bullish price action in case if price breaks out to the the upside.
Gbpusd to push up towards 1.334 on a breakout of the descending triangle as extra rangebound not ruled out.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle has been observed.
A descending triangle represents a technical formation that often results in a bearish move when price collapses through the support line.
Btcusd to accomodate towards 64400 as the cryptocurrency becomes offered.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel is very close to being completed, btcusd wants a strong move as a clue of a breakout.
An ascending channel describes a specific price signal that can be used to indicate a next move down if price collapses through the support line.
Btcusd to accomodate towards the 64500 zone on a downside break as door open for a test of 64500.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel poping up.
An ascending channel often results in a move down once price breaks out to the the downside.
Ethusd challenges a move towards the 1860 level on a breakout of the ascending channel as minor hurdle remains at 1875.
DESCENDING CHANNEL
Gold
XAU/USD
1H
As we can see a descending channel is found.
A descending channel can be thought of as a signal that is used to identify the more likely potential of rising prices when price breaks out.
A move to 4080 is likely.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel has been spotted, gold asks for a more bigger bullish continuation to confirm a breakout.
In case if price breaks through the resistance, the resulting move could spot a temporary interruption of an existing trend.
A bullish run towards 4060 is a possibility once beyond 4035 as gold nears 4035 hurdle.
DESCENDING CHANNEL
GBP/USD
1H
As we can see the price gives a descending channel and the price expects a further bullish impulse as a signal of a breakout.
A descending channel is believed to be a specific chart indicator that often spots a further move up if price breaks out.
A bullish move to 1.332 is about to happen as the currency pair becomes bullish.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel taking place.
If price breaks out, the move could identify that the price to go long.
Ethusd pushes higher towards the 1900 level as door open for the continuation of the uptrend.
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