Open:
High:
Low:
Close:
PENNANT
GBP/USD
1H
It seems like gbpusd creates a pennant and the price lacks further bigger push up as a verification of a breakout.
A pennant describes a technical pattern that typically indicates a sharp rise in case if price breaks above resistance.
There is a probability of a bullish run to 1.345 on a upside break.
PENNANT
USD/JPY
1H
There is a pennant forming and usdjpy asks for a bit more consolidation to confirm a breakout.
In case if price breaks above resistance, the resulting move could spot that the price will rally further.
Usdjpy to move up towards 159.4 as extra rangebound not ruled out.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag determined and btcusd requests a bearish move as a sign of a breakout.
A bearish flag spots a temporary interruption during a rising market in case if price breaks through the support.
Btcusd risks extra downside towards 73400.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle appears.
An ascending triangle is said to depict a bearish price action pattern that typically signals the bulls have run out of steam once price breakdown occurs.
Ethusd to move back towards the 2000 level on a downside break.
FALLING WEDGE
GBP/USD
4H
There is a falling wedge determined.
A falling wedge provides a specific bullish chart signal that often spots extending an uptrend when price breaks through the resistance.
There is a probability of a rangebound to 1.346 on a breach of 1.344.
ASCENDING TRIANGLE
GBP/USD
1H
The price forms an ascending triangle.
If price breaks through the support, the move could indicate prices are likely to keep falling downward.
Gbpusd risks extra downside towards 1.342.
DESCENDING CHANNEL
Gold
XAU/USD
4H
A descending channel has been exposed, the price lacks a bigger bullish move as a signal of a breakout.
A descending channel indicates reversals in downtrends if price breaks through the resistance.
Gold to head to 4600 as the commodity is at a brink of a bullish breakout.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle occuring, btcusd demands a more bullish continuation to confirm a breakout.
A descending triangle is a reliable bullish price action pattern that is used to signal a further move up when price breaks through the resistance.
Btcusd pushes higher towards the 74000 level as the cryptocurrency loses bearish momentum.
PENNANT
Ethereum
ETH/USD
1H
A pennant arises.
A pennant results in a further move up if price breaks through the resistance.
It is possible that a move to the 2020 level will happen once beyond 2015 as there is a chance for a upside correction.
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