Open:
High:
Low:
Close:
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see a descending channel materializes, the price expects a bit more consolidation as an indication of a breakout.
A descending channel represents an indicator that is used to spot that prices are likely to keep rallying upward if price breaks out.
There is a possibility of a bullish move to 1890 once above 1886.
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle forms and the price breaks out soon.
An ascending triangle denotes a bullish price action signal that indicates an extension in the upward direction in case if price breaks out to the the upside.
It is possible that a bullish run to the 159.5 mark will occur on a break above 159.38.
PENNANT
EUR/USD
1H
A pennant turns up, the price calls for further active push down as a clue of a breakout.
Once price breaks out to the the downside, the resulting move could signal a next move down.
Eurusd does not rule out a move to 1.154 as the currency pair becomes depressed.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel is found, the price calls for a more impulse up to confirm descending channel breakout.
A descending channel identifies a technical bullish price signal that can be used to indicate that the price to go up in case if price breaks above resistance.
Eurusd points to the upside towards 1.155 on a upside break as indicators favor bulls.
RISING WEDGE
USD/JPY
1H
A rising wedge appears.
A rising wedge can be thought of as a useful signal that predicts price heading to a new direction in case if price breaks through the support.
Usdjpy to prolong the corrective phase to 159.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It looks like an ascending channel forms.
An ascending channel is believed to be a reliable indicator that can be used to predict a next move down once price collapses through the support line.
Gold to extend its setback to 4400 on a breakout of the ascending channel as gold challenges 4405 hurdle.
RISING WEDGE
EUR/USD
4H
As we can see a rising wedge appears, the price lacks a strong impulse down to confirm a breakdown.
A rising wedge identifies a useful chart signal that is used to spot a move down in case if price breaks through the support.
There is a possibility of a bearish move towards 1.152 as extra rangebound not ruled out.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle detected and the price is breaking out.
In case if price breaks above resistance, the resulting move could indicate a bullish price action.
Gbpusd to recover bullish potential towards the 1.352 zone on a upside break.
FALLING WEDGE
EUR/USD
1H
A falling wedge comes out and the price requests further active push up as an indication of a breakout.
A falling wedge often indicates a next move up in case if price breaks out.
Eurusd turns higher towards the 1.1545 level on a breach of 1.1542.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.