Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is very close to being finished, the price is going to break out now.
If price breaks out to the the downside, the resulting move could indicate a next move down.
A rangebound towards the 157.8 zone looks probable.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
An ascending channel is almost done and crude-oil calls for a next bigger bearish impulse as a clue of a breakdown.
When price breaks through the support, the resulting move could indicate that the price to go down.
Crude-oil to extend its slide towards 100.5 while below 100.8.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge forming and the price requests a more active impulse up as a clue of a breakout.
A falling wedge spots that the price to go long in case if price breaks above resistance.
It is not ruled out that a further rangebound to 1.172 will be made while above 1.1716 as the wind continues blowing in favor of eurusd.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
It seems like an ascending triangle has been encountered and the price requires steady push down as a clue of a breakdown.
Once price collapses through the support line, the move could signal a bearish move.
There is a chance of a rangebound towards 4660 once below 4685.
ASCENDING TRIANGLE
EUR/USD
1D
Eurusd completes an ascending triangle and the price is close to breaking out.
An ascending triangle suggests a specific signal that is used to predict a next move down when price breakdown occurs.
It is possible that further decline towards the 1.16 mark will form on a breakout of the ascending triangle.
RISING WEDGE
Bitcoin
BTC/USD
1D
It seems like the price forms a rising wedge.
A rising wedge often predicts a bearish move once price breaks out.
Btcusd set to plunge towards the 78000 zone.
PENNANT
Gold
XAU/USD
1H
We can see that the price develops a pennant, the price is breaking out.
A pennant is a compelling signal that can be used to indicate a bullish price action in case if price breaks out.
A bullish price action to 4720 is likely on a breach of 4700.
DESCENDING CHANNEL
GBP/USD
1H
As we can see the price shapes a descending channel, gbpusd lacks a next move as an information of a breakout.
A descending channel typically signals a tendency to break in the opposite direction when price breaks out.
Gbpusd aims to complete a retracement to the 1.353 mark as downside pressure alleviates.
DESCENDING CHANNEL
EUR/USD
1H
Eurusd creates a descending channel and eurusd demands a more strong move as a verification of a breakout.
A descending channel suggests a specific bullish signal that often identifies a bullish price move if price breaks out.
There is a chance of a further move towards 1.172 once above 1.1716.
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