Open:
High:
Low:
Close:
DESCENDING CHANNEL
USD/JPY
1H
A descending channel emerges and the price expects an active move as a verification of a breakout.
A descending channel provides a compelling formation that spots a countertrend succeeding the current trend when price breaks through the resistance.
A rangebound towards the 159 mark is possible as the currency pair challenges 158.85 hurdle.
FALLING WEDGE
USD/JPY
1H
It looks like a falling wedge has been uncovered, the price is going to break out.
If price breaks out to the the upside, the move could identify a next move up.
Usdjpy turns higher to 159 as uptrend may continue.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel observed, gbpusd needs a more steady move as an indication of a breakout.
If price collapses through the support line, the resulting move could indicate prices are likely to keep falling downward.
Gbpusd to move back to the 1.35 mark.
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle is very close to being finished.
An ascending triangle suggests a useful bearish price indicator that often identifies a bearish price move when price breakdown occurs.
There is a possibility of a further rangebound towards 159.2 as indicators favor bears.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
1H
There is a symmetrical triangle distinguished, the price is about to break out soon.
A symmetrical triangle often identifies an extension in the downward direction when price collapses through the support line.
There is a chance of decline towards 96.
PENNANT
Gold
XAU/USD
4H
It seems like gold builds a pennant, gold needs a more move as an information of a breakout.
A pennant signals a further move up when price breaks above resistance.
A bullish move to the 4800 zone is going to happen on a break above 4780.
BULLISH FLAG
Bitcoin
BTC/USD
4H
There is a bullish flag discovered and the price is breaking out.
A bullish flag signals a bullish move if price breaks out to the the upside.
It is possible that a further rangebound to 74000 will happen on a breach of 73800 as the cryptocurrency is at a brink of a bullish breakout.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is close to completion.
An ascending channel suggests a price action signal that typically signals an interruption of an uptrend once price breaks through the support.
It is not ruled out that decline to 159.4 will take place.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel is found.
A descending channel typically identifies that the price will rally further if price breaks through the resistance.
There is a chance of a bullish price action towards 1.174 on a upside break as extra rangebound not ruled out.
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