Open:
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Low:
Close:
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that an ascending channel is nearing completion, the price is breaking out.
An ascending channel often identifies that the price to go down in case if price breaks down.
Ethusd tests a move to the 2340 zone as risk reversal sheds bullish bias.
RISING WEDGE
EUR/USD
1H
It seems like a rising wedge is close to being done.
If price collapses through the support line, the resulting move could identify a further move down.
Eurusd to fall towards 1.18.
RISING WEDGE
GBP/USD
1H
It looks like a rising wedge is distinguished.
A rising wedge represents a useful bearish price action formation that typically results in a next move down if price collapses through the support line.
There is a possibility of a bearish push down to the 1.356 zone while below 1.3572 as door open for the continuation of the downtrend.
BULLISH FLAG
GBP/USD
1H
There is a bullish flag observed, gbpusd wants a next bigger bullish continuation as proof of a breakout.
When price breaks out, the resulting move could predict that prices are likely to keep rallying upward.
It is possible that a move towards 1.3575 will form while above 1.3574 as outlook for the currency pair stays positive.
RECTANGLE
USD/JPY
1H
There is a rectangle poping up.
When price breakdown occurs, the resulting move could spot a next move down.
It is possible that a move towards 158.6 will happen on a breakout of the rectangle.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
1H
There is a symmetrical triangle developing and crude-oil expects a further active bearish action as a signal of a breakdown.
A symmetrical triangle is considered to be a price action indicator that identifies a bearish move if price breaks through the support.
Crude-oil risks potential downside to the 90 mark.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
The price forms a descending triangle, gold asks for a next steady move to confirm a breakout.
In case if price breaks above resistance, the resulting move could predict that the price to go up.
A bullish push up towards the 4840 level is going to happen as weakness seen overdone.
DESCENDING CHANNEL
EUR/USD
1H
We can see that a descending channel comes out.
A descending channel provides a price action formation that has a downward slope that predicts a sharp rise if price breaks above resistance.
It is likely that a bullish push up to 1.181 will occur as eurusd challenges 1.1802 hurdle.
ASCENDING TRIANGLE
USD/JPY
1H
It seems like an ascending triangle is almost done, the price is ready to break out.
An ascending triangle is considered to be a technical indicator that results in a move down in case if price breaks through the support.
It is likely that extra downside to 158.7 will happen.
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