Open:
High:
Low:
Close:
PENNANT
EUR/USD
1D
A pennant is spotted, the price is going to break out now.
A pennant spots that the price to go up if price breaks above resistance.
Eurusd hints a change to the upside to 1.17 while above 1.158.
RECTANGLE
EUR/USD
4H
A rectangle has been recognized and the price wants a steady bullish move as a signal of a breakout.
Once price breaks out to the the upside, the resulting move could predict a move up.
It is possible that a rangebound to 1.164 will happen as eurusd becomes bullish.
ASCENDING TRIANGLE
Gold
XAU/USD
4H
Gold shows an ascending triangle, the price is breaking out.
An ascending triangle often indicates extending an uptrend once price breaks above resistance.
There is a possibility of a bullish run to 4850 as gold sticks to the positive mood.
RISING WEDGE
USD/JPY
4H
As we can see usdjpy sets up a rising wedge.
A rising wedge typically indicates a next move down once price breaks through the support.
Usdjpy embarks on a bearish correction towards 159.
ASCENDING CHANNEL
USD/JPY
1H
We can see that an ascending channel is spotted, the price needs a move as proof of a breakout.
An ascending channel describes a price formation that is angled up that is used to spot a further move down when price breakdown occurs.
There is a possibility of a bearish move towards 159.5.
ASCENDING CHANNEL
Crude Oil
USOIL
4H
An ascending channel is very close to being completed and the price is about to break out now.
An ascending channel suggests a useful chart indicator that can be used to signal a temporary interruption of an existing trend when price breaks below support.
Crude-oil to continue the dereciation trend to the 100 mark as gains remain capped.
BULLISH FLAG
Bitcoin
BTC/USD
1H
There is a bullish flag appearing.
A bullish flag typically results in a bullish price action once price breaks out.
It is possible that a bullish run towards the 69500 level will form as minor hurdle remains at 69200.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel has been spotted and gold needs a next steady bullish continuation as proof of a breakout.
If price breaks through the resistance, the move could indicate that the price to go long.
Gold turns higher towards the 4720 mark on a breakout of the descending channel.
FALLING WEDGE
Ethereum
ETH/USD
1H
A falling wedge is determined and the price wants more push up as a signal of a breakout.
A falling wedge suggests a bullish chart signal that predicts a bullish price move when price breaks out to the the upside.
It is possible that a move towards 2120 will form.
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