Open:
High:
Low:
Close:
RISING WEDGE
USD/JPY
1H
There is a rising wedge materializing, the price wants further active fall as proof of a breakout.
If price breaks out, the move could signal the more likely potential of falling prices.
Usdjpy to extend the correction lower to the 162.2 zone.
SYMMETRICAL TRIANGLE
EUR/USD
1H
There is a symmetrical triangle found, eurusd demands a next bigger correction as a clue of a breakdown.
A symmetrical triangle results in an extension in the downward direction once price breaks out.
Eurusd is bearish and en route to 1.139 on a breakout of the symmetrical triangle.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle identified, gbpusd wants a further active move as evidence of a breakdown.
A descending triangle identifies a useful formation that spots a bearish price move in case if price breakdown occurs.
Decline to 1.336 is a possibility.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
It seems like a descending triangle has been revealed.
If price collapses through the support line, the resulting move could predict that the price to go down.
Gold pulls back towards 4000 as gold looks offered.
ASCENDING CHANNEL
GBP/USD
4H
It looks like an ascending channel pops up and gbpusd expects a correction to confirm a breakout.
An ascending channel denotes a technical chart pattern that is used to predict a bearish price action if price breaks through the support.
It is likely that a further move to the 1.336 zone will happen on impulse below 1.338 as bears look for entries.
DESCENDING CHANNEL
USD/JPY
4H
Usdjpy shapes a descending channel.
A descending channel suggests a chart pattern that typically spots a pause in a downtrending market once price breaks above resistance.
Usdjpy to prolong the growth phase to 162.6 as bulls looking for upside correction.
ASCENDING TRIANGLE
Crude Oil
USOIL
4H
It looks like an ascending triangle is close to being completed and the price breaks out.
An ascending triangle denotes a compelling bullish price pattern that is used to signal a further move up if price breaks through the resistance.
It is not ruled out that a bullish run to 76 will be made.
PENNANT
Bitcoin
BTC/USD
4H
As we can see a pennant has been noticed and the price is going to break out soon.
A pennant often identifies a bearish price action if price collapses through the support line.
Btcusd does not rule out a move towards 62500 as door open for a test of 62500.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel is very close to being finished.
In case if price breaks above resistance, the move could identify an extension in the upward direction.
A bullish move to the 1.342 zone about to be made on a breakout of the descending channel.
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