Open:
High:
Low:
Close:
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see a rectangle has been diagnosed.
A rectangle is believed to be a useful bullish formation that can be used to spot a bullish move once price breaks through the resistance.
Btcusd risks a move to 81400 on a breach of 81300 as the cryptocurrency looks bid.
ASCENDING CHANNEL
EUR/USD
4H
An ascending channel is spotted, eurusd expects a more move to confirm ascending channel breakout.
In case if price breakdown occurs, the move could signal that prices move counter to the prevailing price trend.
There is a probability of a bearish price action to the 1.172 level on a breach of 1.173.
DESCENDING TRIANGLE
GBP/USD
1H
The price develops a descending triangle and gbpusd demands a next bigger move as an information of a breakout.
A descending triangle typically results in that the price to go long in case if price breaks through the resistance.
Gbpusd to enjoy a considerable gain to 1.356 as the currency pair resumes the upside.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel exposed.
A descending channel describes a useful chart formation that can be used to predict price reversal after a pause in case if price breaks through the resistance.
Ethusd dives out bearish trendline towards the 2300 zone.
BULLISH FLAG
Gold
XAU/USD
1H
There is a bullish flag turning up and gold lacks a further move for the certainty of breakout.
A bullish flag is a useful bullish price action pattern that often results in price heading to a new direction if price breaks out to the the upside.
Gold to turn bullish to 4740 on a break above 4725 as bulls look for entries.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge emerging and the price breaks out.
A falling wedge represents a useful price pattern with a downward bias that can be used to predict reversals in downtrends if price breaks above resistance.
It is not ruled out that a further move towards 81000 will occur as the cryptocurrency probes 80800 hurdle.
BULLISH FLAG
EUR/USD
1H
There is a bullish flag developing and eurusd requests a more bigger impulse up to confirm a breakout.
Once price breaks through the resistance, the resulting move could signal a change in the prevailing trend.
Eurusd points to the upside to 1.175 amid rising bets for the move.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
An ascending channel materializes, crude-oil asks for a bigger move as evidence of a breakout.
An ascending channel provides a specific bearish price action signal that identifies a bearish move when price breakdown occurs.
Crude-oil risks extending drop towards the 101 zone on a breakout of the ascending channel.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is close to being completed and the price requests a more active impulse down as an indication of a breakout.
An ascending channel represents a useful chart indicator that signals prices are likely to keep falling downward when price collapses through the support line.
Usdjpy to slide to 157.4 on impulse below 157.55.
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