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Low:
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DESCENDING CHANNEL
USD/JPY
1H
A descending channel is nearing completion, the price is ready to break out.
A descending channel provides a useful pattern that is angled down that can be used to predict a bullish price move when price breaks out to the the upside.
A rangebound towards the 159.8 zone is probable once beyond 159.55.
DESCENDING TRIANGLE
EUR/USD
1H
It looks like the price shapes a descending triangle and the price needs a next strong correction as a signal of a breakdown.
Once price collapses through the support line, the resulting move could spot prices are likely to keep falling downward.
It is possible that corrective downside towards the 1.17 level will be made as eurusd becomes under pressure.
PENNANT
GBP/USD
1H
It seems like a pennant is nearing completion and gbpusd wants a further bigger correction as a sign of a breakout.
A pennant can be thought of as a compelling chart pattern that signals extending an downtrend if price collapses through the support line.
A bearish continuation towards the 1.351 level is going to happen.
RECTANGLE
USD/JPY
1H
It looks like a rectangle is close to being completed.
A rectangle typically spots an extension in the downward direction in case if price breaks through the support.
It is possible that a further bearish price action to 159 will form on a breach of 159.12 as upside pressure alleviates.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel poping up, the price is ready to break out now.
In case if price breaks through the support, the resulting move could signal a further move down.
Gbpusd to drop to 1.353 as gbpusd failes to keep gains.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel turning up and the price breaks out now.
A descending channel is considered to be a reliable price action indicator that is used to indicate a bullish price action when price breaks out.
A bullish run towards the 159.5 level is about to happen.
ASCENDING CHANNEL
EUR/USD
1H
It looks like an ascending channel happens and eurusd needs a next bearish move as an indication of a breakout.
In case if price breakdown occurs, the resulting move could predict a temporary interruption of an existing trend.
There is a possibility of a move to 1.171 while below 1.1722 as the currency pair is at a brink of a bearish breakout.
PENNANT
Crude Oil
USOIL
1H
There is a pennant occuring.
A pennant typically results in that the price will rally further once price breaks out.
Crude-oil to maintain its positive tone towards 97 on a upside break.
DESCENDING CHANNEL
USD/JPY
1H
Usdjpy establishes a descending channel.
When price breaks out, the resulting move could spot a downward trend is nearing its end.
It is possible that a bullish push up to 159.6 will happen once beyond 159.4.
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