Open:
High:
Low:
Close:
PENNANT
Gold
XAU/USD
1H
There is a pennant coming out and the price breaks out.
A pennant identifies a useful chart indicator that can be used to indicate that the price to go short in case if price breaks out.
There is a chance of extra downside towards 4050 while below 4058 as indicators favor bears.
ASCENDING CHANNEL
GBP/USD
1H
An ascending channel occurs.
An ascending channel often indicates that the price to go down if price breaks out to the the downside.
It is possible that a bearish move to 1.342 will be made as gbpusd becomes under pressure.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
We can see that a descending channel takes place, btcusd asks for a more bullish action as a verification of a breakout.
A descending channel is believed to be a specific signal that often identifies a next move up when price breaks above resistance.
A move towards the 63600 zone is not ruled out on impulse above 63600 as bullish momentum increases.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like btcusd gives a descending channel and the price is ready to break out.
In case if price breaks through the resistance, the move could signal a next move up.
Btcusd now looks towards the 63400 zone as outlook for the cryptocurrency stays positive.
RISING WEDGE
EUR/USD
1H
There is a rising wedge coming out.
A rising wedge identifies a specific bearish chart pattern that signals a temporary interruption during a rising market if price breaks through the support.
A bearish continuation towards the 1.152 mark is about to happen.
ASCENDING CHANNEL
GBP/USD
1H
It looks like an ascending channel has been discovered, gbpusd lacks strong pullback as evidence of a breakdown.
An ascending channel is said to depict a specific bearish price action indicator that is used to signal that the price to go down in case if price breaks out.
Gbpusd to nosedive to the 1.344 zone on a break below 1.3455 as the currency pair challenges 1.3455 hurdle.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
We can see that a descending channel is close to being completed and the price needs a next steady move as a signal of a breakout.
In case if price breaks out, the move could predict the bears have run out of steam.
A bullish move towards the 64000 mark is a possibility.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel detected and gold expects an active move to confirm a breakout.
A descending channel tends to be a useful price action signal that often results in a change in price direction when price breaks out to the the upside.
A bullish push up to 4100 looks likely on a break above 4090.
RISING WEDGE
Gold
XAU/USD
4H
It seems like a rising wedge appears.
A rising wedge often signals a bearish price action once price breaks down.
Gold to turn bearish towards 4040.
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