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BEARISH FLAG
Crude Oil
USOIL
1H
There is a bearish flag discovered, crude-oil demands a more active correction as an information of a breakout.
A bearish flag often indicates an interruption of an uptrend in case if price breaks out.
A bearish price action to 89 is on the cards as crude-oil becomes weaker.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel appearing.
A descending channel is considered to be a specific bullish chart signal that is used to spot a bullish price action when price breaks out.
It is possible that a move towards 1.13 will happen on a breakout of the descending channel.
SYMMETRICAL TRIANGLE
USD/JPY
1H
It looks like the price sets up a symmetrical triangle.
A symmetrical triangle indicates a bearish price action if price breaks through the support.
Usdjpy risks extra downside to the 157.6 level on a breach of 157.8.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
It looks like a descending triangle is nearing completion.
A descending triangle is said to depict a reliable price pattern that can be used to identify that the price to go up once price breaks above resistance.
There is a chance of a bullish push up to the 4200 zone on a upside break.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel emerging, usdjpy demands a further strong move as an indication of a breakdown.
An ascending channel is considered to be a useful bearish chart signal that is used to spot an extension in the downward direction when price breaks through the support.
There is a chance of a bearish push down towards 157.5 as door open for a test of 157.5.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel has been determined and the price calls for a bit more consolidation as a signal of a breakout.
A descending channel provides a compelling price pattern that is angled down that can be used to signal that the price to go long in case if price breaks above resistance.
Gbpusd looks ready to further extend its gains to 1.322.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
There is an ascending triangle diagnosed and gold requests a bigger correction as an information of a breakdown.
An ascending triangle suggests a chart formation that predicts extending an downtrend once price collapses through the support line.
Gold could drop to the 4170 zone as upside pressure mitigates.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
4H
There is a symmetrical triangle developing and the price is breaking out.
A symmetrical triangle typically spots that the price to go up in case if price breaks out.
There is a chance of a bullish price action towards the 2720 mark on impulse above 2705.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like a descending channel is very close to being finished and the price is close to breaking out now.
A descending channel provides a chart formation that has a downward slope that is used to signal a move up when price breaks above resistance.
Btcusd points to the upside to the 85500 mark.
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