Open:
High:
Low:
Close:
DESCENDING CHANNEL
EUR/USD
1H
It looks like eurusd forms a descending channel and the price lacks an active bullish continuation as an information of a breakout.
A descending channel typically signals a sharp rise in case if price breaks through the resistance.
Eurusd looks north towards 1.167 on a upside break.
RISING WEDGE
GBP/USD
1D
A rising wedge emerges and the price breaks out.
A rising wedge depicts a reliable chart indicator that typically signals a sharp decline in case if price collapses through the support line.
A further bearish push down towards the 1.35 zone is a possibility.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge revealed.
If price breaks out to the the upside, the move could predict a change in the prevailing trend.
Gold advances higher to 4660 while above 4640 as gold sticks to the positive mood.
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge has been identified and the price breaks out.
A falling wedge describes a compelling chart formation that often spots that the price to go up if price breaks through the resistance.
It is possible that a bullish move towards 79000 will happen once above 78700 amid the cryptocurrency recovers from recent lows.
PENNANT
Ethereum
ETH/USD
4H
As we can see a pennant is almost done and ethusd calls for a move as evidence of a breakout.
A pennant depicts a useful price action pattern that is used to signal the bears have run out of steam in case if price breaks out to the the upside.
A bullish price action to 2550 is likely to happen on a breakout of the pennant.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle is recognized.
A descending triangle can be thought of as a reliable bullish formation that can be used to predict that the price to go up in case if price breaks above resistance.
Ethusd to resume its rise to 2480 on a breach of 2470.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It seems like the price shows a falling wedge, btcusd demands further push up as a clue of a breakout.
A falling wedge identifies a reliable chart indicator that spots a trend change to the upside in case if price breaks above resistance.
Btcusd to maintain its positive tone to 79000.
RECTANGLE
Gold
XAU/USD
1H
It looks like a rectangle is almost done.
A rectangle tends to be a technical signal that can be used to identify a bearish move if price breaks below support.
Gold to suffer further downside towards the 4620 level on a breach of 4640.
DESCENDING TRIANGLE
EUR/USD
1H
We can see that a descending triangle emerges.
A descending triangle suggests a useful price pattern that often indicates a sharp decline if price breaks out to the the downside.
Eurusd to move back towards the 1.165 zone.
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