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ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is close to being complete.
An ascending channel can be thought of as a price signal that can be used to spot a move down in case if price breaks below support.
Gold does not rule out a move towards the 4450 level as there is a chance of further weakness.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that an ascending channel turns up and crude-oil lacks a more active correction as an information of a breakdown.
An ascending channel identifies a bearish move in case if price breaks below support.
Crude-oil to continue lower towards the 91 zone as the commodity probes 91.6 hurdle.
RISING WEDGE
EUR/USD
1H
A rising wedge appears, the price calls for an active move for the certainty of breakdown.
A rising wedge is considered to be a useful pattern that is used to predict a next move down when price breaks out.
There is a probability of a bearish push down towards 1.162.
FALLING WEDGE
Bitcoin
BTC/USD
4H
As we can see a falling wedge is almost done and the price is breaking out.
A falling wedge can be thought of as a useful bullish chart indicator that is used to identify a bullish price action if price breaks through the resistance.
Btcusd violates bearish trendline to the 79000 zone on a breakout of the falling wedge as the wind continues blowing in favor of the cryptocurrency.
FALLING WEDGE
Ethereum
ETH/USD
4H
There is a falling wedge developing and the price is ready to break out.
In case if price breaks above resistance, the resulting move could indicate a next move up.
It is not ruled out that a bullish continuation to 2500 will happen on impulse above 2440.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
Ethusd sets up a symmetrical triangle, ethusd demands more active push up to confirm symmetrical triangle breakout.
In case if price breaks out, the move could spot that prices are likely to keep rallying upward.
There is a possibility of a bullish move towards 2420 on a breakout of the symmetrical triangle amid the cryptocurrency recovers from recent lows.
BULLISH FLAG
Gold
XAU/USD
4H
There is a bullish flag revealed.
A bullish flag depicts a compelling bullish price action indicator that indicates that the price to go up when price breaks out to the the upside.
Gold to resume its rise towards the 4500 zone as gold becomes supported.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
It seems like a descending triangle is spotted, the price is ready to break out.
A descending triangle often indicates a bullish price move if price breaks out to the the upside.
A bullish price action to the 91.5 level about to be made as outlook for crude-oil stays positive.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle detected.
An ascending triangle depicts a bullish chart signal that can be used to indicate that prices are likely to keep rallying upward when price breaks above resistance.
It is not ruled out that a bullish push up towards 1.162 will take place as the currency pair loses bearish momentum.
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