Open:
High:
Low:
Close:
ASCENDING TRIANGLE
EUR/USD
1H
We can see that an ascending triangle comes out, eurusd expects a strong move for clear breakout confirmation.
In case if price breaks through the resistance, the resulting move could identify a bullish price action.
It is likely that a bullish price action towards the 1.125 mark will be made.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is exposed, the price is ready to break out soon.
An ascending channel results in reversals in uptrends once price collapses through the support line.
Gold looks south to the 4110 level as the commodity loses bullish momentum.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel exposed.
An ascending channel is believed to be a technical chart formation that has an upward slope that can be used to indicate a break in the price direction if price breaks below support.
It is possible that corrective downside towards the 84000 zone will take place on a breach of 84200 as btcusd loses bullish momentum.
ASCENDING CHANNEL
GBP/USD
1H
It seems like gbpusd builds an ascending channel.
If price breaks through the support, the resulting move could spot a next move down.
Decline to 1.338 looks possible.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that an ascending channel is spotted, the price is going to break out.
An ascending channel describes a technical bearish chart signal that can be used to identify that prices move counter to the prevailing price trend if price breakdown occurs.
Ethusd set to lose more ground to 2440.
RISING WEDGE
GBP/USD
4H
It seems like a rising wedge has been encountered and gbpusd lacks strong fall for clear breakout confirmation.
A rising wedge often signals a next move down if price breaks out.
A bearish run towards 1.335 looks probable as minor hurdle remains at 1.338.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel determined, the price is ready to break out.
Once price breaks out to the the upside, the resulting move could spot a downward trend is about to reverse into an upnward trend.
Gold advances higher towards 4160 as weakness seen overdone.
DESCENDING CHANNEL
USD/JPY
1H
Usdjpy shapes a descending channel, the price is ready to break out.
A descending channel depicts a specific bullish pattern that typically signals an extension in the upward direction in case if price breaks out to the the upside.
Usdjpy challenges a move towards the 158.4 zone.
DESCENDING TRIANGLE
EUR/USD
1H
There is a descending triangle encountered, eurusd wants more bigger rise as a verification of a breakout.
A descending triangle is said to depict a reliable price indicator that spots the bears have run out of steam once price breaks above resistance.
It is possible that a bullish move to 1.124 will form on a breach of 1.1234.
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