Open:
High:
Low:
Close:
RISING WEDGE
GBP/USD
1H
There is a rising wedge found and the price breaks out.
In case if price breaks below support, the move could predict that the price to go short.
Gbpusd to slump to 1.353 as extra rangebound not ruled out.
ASCENDING TRIANGLE
EUR/USD
4H
There is an ascending triangle noticed and the price lacks next fall as a sign of a breakout.
An ascending triangle is considered to be a bearish chart signal that typically signals a further move down once price breaks out to the the downside.
It is possible that a bearish price action to the 1.16 level will form.
DESCENDING CHANNEL
USD/JPY
1H
As we can see a descending channel is close to completion.
A descending channel is a specific price action formation with a downward bias that is used to indicate a change in the prevailing trend when price breaks out to the the upside.
Usdjpy hints a change to the upside towards 154 as indicators favor bulls.
DESCENDING CHANNEL
Gold
XAU/USD
1H
We can see that the price forms a descending channel, the price breaks out.
A descending channel tends to be a compelling chart indicator that identifies a break in the price direction if price breaks above resistance.
It is not ruled out that a further bullish price action towards 4460 will take place on a breakout of the descending channel amid gold reclaims part of the ground lost.
RISING WEDGE
EUR/USD
1H
The price shapes a rising wedge and the price is close to breaking out.
A rising wedge can be thought of as a chart indicator that is used to predict a bearish move in case if price breakdown occurs.
Eurusd risks extending drop towards 1.162 as eurusd keeps the bid tone.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel encountered and the price needs a bigger move as an indication of a breakout.
An ascending channel identifies a further move down when price breaks out to the the downside.
Gbpusd to nosedive towards the 1.353 zone.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It seems like btcusd gives a falling wedge and btcusd demands a move as a verification of a breakout.
A falling wedge depicts a technical price signal that is used to identify reversals in downtrends in case if price breaks through the resistance.
A bullish continuation to 79500 is likely to happen.
PENNANT
Bitcoin
BTC/USD
4H
There is a pennant discovered and the price needs a further impulse down for clear breakdown confirmation.
A pennant is a reliable price pattern that can be used to indicate an extension in the downward direction once price breaks through the support.
There is a probability of decline to 78000.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel emerging, the price requests further rise as a signal of a breakout.
A descending channel often identifies a further move up when price breaks out.
There is a possibility of a move towards the 2500 level.
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