Open:
High:
Low:
Close:
RECTANGLE
EUR/USD
1H
There is a rectangle materializing.
A rectangle depicts a useful price signal that predicts that the price will rally further once price breaks out.
Eurusd to continue the appreciation trend towards the 1.126 mark on a break above 1.1248.
ASCENDING TRIANGLE
GBP/USD
1H
Gbpusd gives an ascending triangle, the price requires a further bigger move as a verification of a breakout.
An ascending triangle identifies a useful price action formation that can be used to identify a further move up in case if price breaks out to the the upside.
A further bullish move towards the 1.341 zone stays on the cards.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel exposed, crude-oil demands a further bullish action as a verification of a breakout.
A descending channel provides a compelling indicator that can be used to identify that the price will rally further in case if price breaks out.
Crude-oil to recover bullish potential to the 100 level on a breakout of the descending channel as the commodity sticks to the positive mood.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that an ascending channel materializes and the price is breaking out.
An ascending channel denotes a reliable signal that typically spots that the price to go down in case if price collapses through the support line.
Ethusd to extend the correction lower to the 2420 mark while below 2440.
RECTANGLE
USD/JPY
1H
A rectangle is close to being done and the price is ready to break out.
A rectangle is considered to be a bearish pattern that often predicts a bearish price action in case if price breakdown occurs.
There is a probability of a further bearish price action to 157.8 on a breach of 157.86.
ASCENDING TRIANGLE
EUR/USD
1H
We can see that an ascending triangle comes out, eurusd expects a strong move for clear breakout confirmation.
In case if price breaks through the resistance, the resulting move could identify a bullish price action.
It is likely that a bullish price action towards the 1.125 mark will be made.
ASCENDING TRIANGLE
USD/JPY
4H
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is exposed, the price is ready to break out soon.
An ascending channel results in reversals in uptrends once price collapses through the support line.
Gold looks south to the 4110 level as the commodity loses bullish momentum.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel exposed.
An ascending channel is believed to be a technical chart formation that has an upward slope that can be used to indicate a break in the price direction if price breaks below support.
It is possible that corrective downside towards the 84000 zone will take place on a breach of 84200 as btcusd loses bullish momentum.
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