Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
Gold
XAU/USD
1H
There is a symmetrical triangle developing, the price is about to break out.
A symmetrical triangle identifies a specific bullish price indicator that can be used to indicate extending an uptrend once price breaks above resistance.
A bullish continuation towards 5160 is going to happen once beyond 5145 as the commodity becomes supported.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel noticed and eurusd asks for a further strong move as a clue of a breakout.
A descending channel often results in that the price to go up if price breaks through the resistance.
Eurusd looks north towards 1.162.
RECTANGLE
GBP/USD
1H
We can see that a rectangle comes out and gbpusd expects next push up as an information of a breakout.
A rectangle describes a specific signal that is used to indicate the bears have run out of steam when price breaks out.
Gbpusd aims to complete a retracement to 1.34 as the currency pair challenges 1.3375 hurdle.
RISING WEDGE
USD/JPY
1H
It seems like a rising wedge is nearing completion, usdjpy lacks bigger pullback as an indication of a breakout.
A rising wedge identifies a bearish price move when price breaks out.
A bearish price action towards the 157.4 zone is on the way.
DESCENDING CHANNEL
Gold
XAU/USD
1H
It seems like a descending channel is detected.
Once price breaks above resistance, the resulting move could signal a bullish price action.
A further move to the 5120 level is on the way.
PENNANT
GBP/USD
4H
As we can see a pennant is noticed.
Once price breaks through the resistance, the resulting move could signal that the price to go long.
Gbpusd to strengthen towards the 1.34 mark.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
The price shapes an ascending channel and btcusd lacks a more steady move as an information of a breakdown.
An ascending channel often predicts a breakdown is likely to occur if price breaks out to the the downside.
It is likely that a move towards 68000 will occur.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel found.
An ascending channel can be thought of as a reliable signal that identifies a further move down if price breaks out to the the downside.
Ethusd to extend the correction lower to 1900 on a break below 1980.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel observed.
In case if price breaks out, the move could predict extending an downtrend.
Eurusd set to extend its decline towards 1.156 on a breakout of the descending channel.
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