Open:
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Close:
SYMMETRICAL TRIANGLE
GBP/USD
1H
A symmetrical triangle is close to being completed and the price breaks out.
A symmetrical triangle is believed to be a bullish chart signal that identifies a bullish price move if price breaks above resistance.
Gbpusd to extend its advance towards the 1.331 mark on a breakout of the symmetrical triangle.
BEARISH FLAG
Bitcoin
BTC/USD
1H
The price shapes a bearish flag, the price breaks out now.
A bearish flag typically signals a next move down when price breaks out.
Btcusd to extend its slide towards the 63500 mark as bears looking for downside correction.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
A descending triangle is close to being complete, the price is about to break out soon.
A descending triangle can be thought of as a useful bullish pattern that often predicts that the price will rally further once price breaks out.
Gold to accomodate towards the 4100 mark on a breakout of the descending triangle as gold nears 4080 hurdle.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see an ascending triangle pops up.
An ascending triangle depicts a technical indicator that is used to predict a bearish price move if price breaks down.
Ethusd set to plunge towards 1880 while lower than 1900.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel develops.
A descending channel often spots price reversal after a pause in case if price breaks out to the the upside.
There is a probability of a bullish run towards 164 on a breakout of the descending channel.
ASCENDING CHANNEL
EUR/USD
1H
Eurusd builds an ascending channel, the price breaks out now.
An ascending channel often results in a bullish-to-bearish trend reversal when price breaks out to the the downside.
Eurusd to slump towards the 1.137 mark.
RECTANGLE
Crude Oil
USOIL
1H
It seems like a rectangle comes out.
If price breaks out, the move could spot a further move up.
There is a chance of a further bullish move to the 84 mark.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel comes out.
If price breaks through the resistance, the resulting move could identify that prices move counter to the prevailing price trend.
A bullish run to the 163.8 level is probable.
SYMMETRICAL TRIANGLE
GBP/USD
1H
A symmetrical triangle occurs.
A symmetrical triangle signals prices are likely to keep falling downward if price collapses through the support line.
It is not ruled out that decline towards 1.328 will happen on a break below 1.3286 as the currency pair becomes weak.
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