Open:
High:
Low:
Close:
FALLING WEDGE
EUR/USD
1H
There is a falling wedge poping up, eurusd lacks a further bigger move as a verification of a breakout.
If price breaks out to the the upside, the move could identify a tendency to break in the opposite direction.
Eurusd tests a move to 1.136 on a breach of 1.135 as outlook for the currency pair stays positive.
RECTANGLE
Bitcoin
BTC/USD
4H
It seems like a rectangle is discovered, the price is ready to break out now.
A rectangle provides a reliable price signal that is used to identify a bearish move in case if price breaks out.
Btcusd pulls away from recent highs towards 61000 on a downside break as the cryptocurrency probes 62200 hurdle.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel is close to being complete.
A descending channel typically indicates a bullish price move when price breaks out.
Usdjpy to resume its rise to 161.7 on a break above 161.64 as bulls look for entries.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge forming and the price is going to break out soon.
A falling wedge typically spots a bullish price action in case if price breaks out.
Btcusd to grind higher to 63500 on a breakout of the falling wedge as indicators turn bullish.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel noticed.
A descending channel can be thought of as a technical pattern that has a downward slope that can be used to predict a next move up if price breaks out.
There is a possibility of a bullish continuation towards 1.14 amid rising bets for the move.
BULLISH FLAG
GBP/USD
1H
There is a bullish flag found and gbpusd demands a next steady move as an information of a breakout.
A bullish flag often signals a further move up when price breaks above resistance.
Gbpusd to increase bullish potential towards 1.322 as bulls looking for upside correction.
DESCENDING TRIANGLE
USD/JPY
1H
As we can see a descending triangle materializes.
When price breaks through the resistance, the resulting move could signal a next move up.
Usdjpy to resume its rise to 161.8 as extra rangebound not ruled out.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel has been noticed, btcusd requires an active move as a signal of a breakout.
A descending channel is believed to be a bullish signal that signals a countertrend succeeding the current trend when price breaks through the resistance.
There is a probability of a rangebound to the 63000 level.
DESCENDING CHANNEL
Gold
XAU/USD
1H
It seems like the price sets up a descending channel.
A descending channel is a compelling indicator that often spots a bullish move if price breaks above resistance.
It is not ruled out that a bullish price action to the 4160 mark will occur once above 4150 as bulls seeking a new high.
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