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ASCENDING CHANNEL
EUR/USD
1H
An ascending channel is recognized.
An ascending channel often signals prices are likely to keep falling downward once price breaks out.
Eurusd embarks on a bearish correction to 1.178 on a breakdown of the ascending channel as there is a chance for a downside correction.
ASCENDING TRIANGLE
GBP/USD
4H
An ascending triangle is nearing completion, the price is ready to break out now.
An ascending triangle denotes a bearish price action signal that can be used to identify a sharp decline in case if price breakdown occurs.
There is a chance of a bearish move towards the 1.35 mark.
DESCENDING CHANNEL
EUR/USD
1H
It seems like a descending channel materializes and the price needs a bigger move for clear breakout confirmation.
In case if price breaks out to the the upside, the move could spot a bullish move.
A rangebound to 1.18 is a possibility on a breach of 1.1796.
BULLISH FLAG
GBP/USD
1H
Gbpusd composes a bullish flag, the price is breaking out.
A bullish flag identifies a next move up in case if price breaks out to the the upside.
Gbpusd could attempt a move to 1.358.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel forms, the price requests a further move as a sign of a breakout.
An ascending channel is said to depict a specific chart formation that has an upward slope that typically indicates a bearish price action if price breaks through the support.
Usdjpy risks extending drop towards the 158.8 mark on a breakdown of the ascending channel as usdjpy failes to keep gains.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle diagnosed.
A rectangle identifies a technical chart formation that often signals the more likely potential of rising prices when price breaks above resistance.
There is a probability of a further rangebound towards 2380 on a breakout of the rectangle as the cryptocurrency is at a brink of a bullish breakout.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
Gold completes a descending triangle.
A descending triangle provides a compelling bullish price action indicator that typically results in that the price to go long in case if price breaks out to the the upside.
Gold to continue the appreciation trend towards the 4820 zone as outlook for gold stays positive.
RECTANGLE
USD/JPY
4H
There is a rectangle occuring, the price is breaking out.
A rectangle often results in the bulls have run out of steam when price breaks down.
Usdjpy embarks on a bearish correction towards 158.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is very close to being finished, the price is going to break out soon.
When price breaks through the resistance, the resulting move could spot a bullish price action.
Ethusd to jump to 2380 once beyond 2355 as ethusd sticks to the positive mood.
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