Open:
High:
Low:
Close:
RISING WEDGE
Bitcoin
BTC/USD
1H
A rising wedge is almost finished.
A rising wedge spots a bearish price move when price breaks out to the the downside.
A move to the 80500 zone is a possibility.
ASCENDING TRIANGLE
USD/JPY
1H
It looks like usdjpy shapes an ascending triangle.
An ascending triangle results in a bullish move once price breaks out.
Usdjpy now looks to 158.
RISING WEDGE
Crude Oil
USOIL
1H
It looks like a rising wedge is close to being done and the price is going to break out soon.
A rising wedge predicts an upward trend is nearing its end in case if price breaks down.
There is a probability of a bearish move to the 102 mark as indicators favor bears.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge revealed.
A falling wedge represents a price signal that often spots reversals in downtrends when price breaks through the resistance.
There is a chance of a further bullish price action to 1.169.
FALLING WEDGE
GBP/USD
1H
A falling wedge happens and the price demands a strong bullish action as a clue of a breakout.
A falling wedge is believed to be a technical price action signal that spots a break in the price direction when price breaks above resistance.
A bullish run towards 1.354 is on the cards.
ASCENDING TRIANGLE
Gold
XAU/USD
1D
There is an ascending triangle detected, the price breaks out.
An ascending triangle tends to be a useful pattern that typically spots that the price to go short if price breaks out to the the downside.
It is possible that a bearish continuation towards 4400 will form while below 4500 as gold is at a brink of a bearish breakout.
BULLISH FLAG
Gold
XAU/USD
1H
We can see that a bullish flag appears, the price lacks a further bullish continuation as a clue of a breakout.
A bullish flag denotes a reliable price formation that is angled down that typically indicates a tendency to break in the opposite direction when price breaks out.
Gold looks north towards the 4540 mark on a breach of 4540.
PENNANT
Ethereum
ETH/USD
1D
There is a pennant spotted, the price is breaking out.
A pennant can be thought of as a reliable bullish price pattern that can be used to signal the bears have run out of steam when price breaks out.
There is a possibility of a bullish push up towards 2400 on a breach of 2360 as bulls looking for upside correction.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
A descending channel is almost done and the price is going to break out now.
A descending channel provides an indicator that often identifies that prices are likely to keep rallying upward in case if price breaks out.
Crude-oil to move up towards the 108 mark.
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