Open:
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Close:
DESCENDING CHANNEL
Gold
XAU/USD
1H
The price gives a descending channel and the price requires next bigger rise for the certainty of breakout.
If price breaks above resistance, the move could spot a tendency to break in the opposite direction.
A move towards 4900 stays on the cards as extra rangebound not ruled out.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It looks like the price develops an ascending channel.
If price breaks down, the resulting move could identify an upward trend is about to reverse into an downward trend.
It is not ruled out that a bearish price action to 62.5 will be made on a breakout of the ascending channel as weakness continues.
ASCENDING CHANNEL
USD/JPY
1H
It looks like an ascending channel is close to being done, the price is close to breaking out.
An ascending channel is a useful bearish price signal that is used to spot that the price to go short in case if price breaks out to the the downside.
Usdjpy set to accelerate its decline to the 156.8 zone.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It looks like an ascending channel is close to completion.
An ascending channel tends to be a technical indicator that can be used to predict a bearish price move once price breaks out.
Extra downside to the 63 mark is not ruled out.
RISING WEDGE
USD/JPY
1H
It seems like a rising wedge has been encountered.
A rising wedge identifies a specific bearish chart signal that can be used to indicate a bullish-to-bearish trend reversal once price breakdown occurs.
It is possible that a move to 156.5 will happen.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It looks like a falling wedge is almost done, the price is ready to break out now.
A falling wedge represents a reliable bullish formation that has a downward slope that spots a bullish move in case if price breaks through the resistance.
It is possible that a rangebound to 72000 will occur as there is a chance for a upside correction.
BULLISH FLAG
Ethereum
ETH/USD
1H
There is a bullish flag found and the price is about to break out now.
A bullish flag often spots a countertrend succeeding the current trend if price breaks above resistance.
Ethusd now looks towards 2200.
BULLISH FLAG
EUR/USD
1H
We can see that a bullish flag appears, eurusd calls for push up as evidence of a breakout.
A bullish flag is considered to be a compelling formation that predicts a potential reversal in price action once price breaks above resistance.
Eurusd to increase bullish potential to the 1.181 mark.
PENNANT
EUR/USD
1H
A pennant appears and the price is going to break out now.
A pennant describes a reliable formation that can be used to predict a bearish price move in case if price breaks out to the the downside.
Eurusd still risks a move to 1.179.
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