Open:
High:
Low:
Close:
RECTANGLE
GBP/USD
1H
A rectangle comes out.
A rectangle provides a pattern that often indicates a bearish price move if price breaks out.
Gbpusd to suffer further downside to 1.362 on a breach of 1.363.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge encountered, the price lacks steady push up as a sign of a breakout.
When price breaks out to the the upside, the resulting move could predict an extension in the upward direction.
Btcusd to extend its rebound towards 68000 on impulse above 67200 as btcusd probes 67200 hurdle.
RISING WEDGE
Gold
XAU/USD
1H
There is a rising wedge emerging.
A rising wedge suggests a useful price signal that can be used to predict that the price to go short once price breaks out.
Gold could drop to the 5060 zone as downtrend may continue.
ASCENDING CHANNEL
GBP/USD
1H
It looks like an ascending channel has been uncovered, gbpusd wants a next move as a clue of a breakout.
An ascending channel is believed to be a specific bearish chart formation with an upward bias that often indicates extending an downtrend when price breaks down.
There is a chance of a bearish continuation towards 1.362.
ASCENDING CHANNEL
EUR/USD
1H
It looks like an ascending channel has been uncovered, eurusd wants next steady fall to confirm a breakout.
An ascending channel describes a compelling chart indicator that often signals an extension in the downward direction once price breaks below support.
Eurusd dives out bullish trendline to the 1.188 mark as eurusd becomes vulnerable.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel revealed.
A descending channel represents a reliable indicator that can be used to identify a downward trend is nearing its end when price breaks through the resistance.
Usdjpy to continue the appreciation trend towards 154 on a breakout of the descending channel.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel discovered.
A descending channel represents a technical price formation that can be used to predict a break in the price direction in case if price breaks out.
Usdjpy to head to 154.
RECTANGLE
EUR/USD
1H
We can see that the price shows a rectangle.
A rectangle identifies that the price will rally further if price breaks above resistance.
It is not ruled out that a bullish continuation to 1.193 will be made.
RISING WEDGE
EUR/USD
4H
There is a rising wedge appearing, eurusd asks for next steady pullback as a verification of a breakout.
In case if price breaks below support, the resulting move could signal a temporary interruption of an existing trend.
Eurusd to resume its downfall towards 1.185 on a breakout of the rising wedge.
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