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DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel observed.
A descending channel tends to be a technical bullish chart signal that identifies the more likely potential of rising prices when price breaks out.
Btcusd does not rule out a move to 68000 on a breach of 67500.
BEARISH FLAG
Crude Oil
USOIL
1H
There is a bearish flag observed.
A bearish flag depicts a reliable bearish price indicator that can be used to identify a further move down if price collapses through the support line.
It is not ruled out that a bearish run to 95 will happen as crude-oil challenges 95.5 hurdle.
RECTANGLE
GBP/USD
1H
There is a rectangle diagnosed, the price is ready to break out now.
If price breakdown occurs, the move could predict a bearish move.
Gbpusd challenges a move towards the 1.343 mark as outlook for the currency pair stays negative.
FALLING WEDGE
EUR/USD
1H
As we can see a falling wedge is almost finished, the price lacks a further bigger move for clear breakout confirmation.
A falling wedge describes a reliable signal that typically spots a move up once price breaks out to the the upside.
Eurusd violates bearish trendline to 1.163 on a upside break as the currency pair nears 1.162 hurdle.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is almost finished.
In case if price breaks through the support, the resulting move could indicate a further move down.
Usdjpy to push down to 159.8 on a breach of 159.88 as bears seeking a new low.
ASCENDING CHANNEL
EUR/USD
4H
There is an ascending channel turning up.
An ascending channel is a reliable chart pattern that is angled up that often identifies a break in the price direction when price collapses through the support line.
It is possible that a bearish continuation to 1.16 will be made as extra rangebound not ruled out.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
Gold gives a descending triangle and the price requests a further active move as proof of a breakout.
A descending triangle typically identifies an extension in the downward direction when price collapses through the support line.
Gold to experience further corrective weakness towards the 4460 mark.
RISING WEDGE
USD/JPY
1H
A rising wedge arises and the price expects next steady pullback as a verification of a breakout.
A rising wedge often results in a breakdown is likely to occur if price breaks below support.
It is not ruled out that extra downside towards 159.8 will occur on a break below 159.86 as usdjpy becomes offered.
RISING WEDGE
EUR/USD
1H
There is a rising wedge determined and the price lacks a bigger correction as a signal of a breakdown.
A rising wedge denotes a specific bearish price formation that is angled up that can be used to spot that the price to go down when price breaks through the support.
Eurusd pulls back to the 1.162 level as bearish momentum increases.
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