Open:
High:
Low:
Close:
RECTANGLE
USD/JPY
1H
We can see that usdjpy gives a rectangle and the price is breaking out.
When price breaks through the support, the resulting move could identify prices are likely to keep falling downward.
Usdjpy hints a change to the downside to 158.9 amid usdjpy recedes from recent highs.
RISING WEDGE
GBP/USD
1H
We can see that a rising wedge turns up, the price demands further steady push down as a sign of a breakdown.
In case if price breaks through the support, the resulting move could predict that the price to go short.
A bearish move towards 1.364 is possible.
FALLING WEDGE
Ethereum
ETH/USD
1H
Ethusd builds a falling wedge, the price is close to breaking out.
A falling wedge identifies a specific indicator that is used to indicate price heading to a new direction in case if price breaks out to the the upside.
Ethusd aims to complete a retracement towards the 2480 mark as the wind continues blowing in favor of ethusd.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel occurs, the price demands a more strong move as an indication of a breakout.
A descending channel typically signals a bullish price move in case if price breaks above resistance.
Gold to maintain its positive tone to the 4700 zone as gold probes 4695 hurdle.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like the price develops an ascending channel and the price needs a steady bearish move as a signal of a breakout.
In case if price breaks below support, the resulting move could predict extending an downtrend.
A further bearish continuation towards the 78000 mark is probable.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle arises and ethusd expects a more strong move as proof of a breakout.
A descending triangle often identifies prices are likely to keep falling downward in case if price breaks down.
A rangebound to 2440 is on the cards on a breakout of the descending triangle as sell-off may continue.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is an ascending triangle distinguished.
An ascending triangle typically identifies a bearish price move when price breaks below support.
A move towards 2400 is possible on a breach of 2450 as there is room for a downside correction.
RECTANGLE
EUR/USD
1H
It looks like a rectangle comes out and eurusd requests bigger push up as an indication of a breakout.
When price breaks through the resistance, the move could identify extending an uptrend.
Eurusd hints a change to the upside towards the 1.168 zone on impulse above 1.1677 as bullish momentum increases.
RECTANGLE
GBP/USD
1H
There is a rectangle forming, gbpusd calls for a next active bullish action to confirm rectangle breakout.
A rectangle provides a specific price action indicator that signals that the price to go long once price breaks out.
A bullish push up to 1.365 is likely to happen once above 1.3644 as the currency pair looks bid.
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