Open:
High:
Low:
Close:
ASCENDING CHANNEL
Crude Oil
USOIL
1H
The price forms an ascending channel, crude-oil expects a next move to confirm ascending channel breakout.
In case if price breaks out, the resulting move could indicate a break in the price direction.
Crude-oil to maintain its negative tone towards 70 once below 70.2 as bears looking for downside correction.
RECTANGLE
EUR/USD
1H
As we can see a rectangle arises.
A rectangle identifies a useful bullish pattern that is used to indicate extending an uptrend if price breaks above resistance.
Eurusd does not rule out a move towards the 1.144 zone as extra rangebound not ruled out.
RECTANGLE
GBP/USD
1H
A rectangle is almost completed.
A rectangle indicates a next move up once price breaks through the resistance.
Gbpusd to head towards the 1.327 level.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
4H
A symmetrical triangle is found, ethusd requires a more active correction as a signal of a breakout.
A symmetrical triangle typically indicates a next move down if price breaks out.
There is a probability of a bearish continuation to the 1560 zone on a breakout of the symmetrical triangle as indicators favor bears.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel is close to completion, gold calls for a bit more consolidation as a sign of a breakout.
A descending channel tends to be a technical bullish price indicator that often signals a bullish price action when price breaks through the resistance.
There is a possibility of a bullish move towards 4060.
ASCENDING CHANNEL
GBP/USD
1H
As we can see an ascending channel is close to being complete, the price requires a further strong move as a sign of a breakout.
In case if price collapses through the support line, the resulting move could signal a further move down.
Gbpusd to continue lower towards the 1.322 mark.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is observed, the price is about to break out.
An ascending channel depicts a technical price signal that is used to signal a temporary interruption of an existing trend when price breaks down.
Btcusd to plummet to 59000.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
A descending triangle comes out, the price is ready to break out now.
A descending triangle describes a useful bearish indicator that is used to spot the more likely potential of falling prices in case if price breaks down.
There is a probability of decline towards the 59000 mark as sell-off may continue.
BULLISH FLAG
Gold
XAU/USD
1H
There is a bullish flag emerging.
A bullish flag represents a formation that often spots that prices move counter to the prevailing price trend in case if price breaks above resistance.
Gold to grind higher towards 4020 on a breakout of the bullish flag as downside pressure alleviates.
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