Open:
High:
Low:
Close:
BEARISH FLAG
EUR/USD
1H
It looks like a bearish flag is noticed.
A bearish flag typically indicates a further move down if price breaks through the support.
Eurusd risks extra losses to the 1.114 zone.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel noticed.
If price collapses through the support line, the resulting move could predict a move down.
A bearish move towards 4030 looks possible once below 4042.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel developing, usdjpy lacks a strong move to confirm ascending channel breakdown.
When price breaks below support, the resulting move could signal the bulls have run out of steam.
Usdjpy to slump to the 157.6 mark while lower than 157.75 as usdjpy becomes offered.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel has been identified and the price is ready to break out now.
An ascending channel can be thought of as a technical price action formation that is used to identify a move down in case if price breaks below support.
Decline towards the 80400 zone stays on the cards as the cryptocurrency nears 80500 hurdle.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like an ascending channel arises, ethusd requests a next strong bearish move as an indication of a breakdown.
An ascending channel signals a pause in an uptrending market if price breaks through the support.
It is likely that a bearish run towards 2320 will form.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is an ascending triangle uncovered, the price demands a next strong move for the certainty of breakdown.
Once price breaks through the support, the move could identify the bulls have run out of steam.
Btcusd to prolong the corrective phase to the 79500 mark as extra rangebound not ruled out.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel forms, usdjpy requires active pullback as a clue of a breakout.
An ascending channel describes a technical formation that results in that prices move counter to the prevailing price trend in case if price breaks down.
There is a probability of a further bearish price action towards 157.6 on a breakdown of the ascending channel as the currency pair probes 157.8 hurdle.
RISING WEDGE
Crude Oil
USOIL
1H
There is a rising wedge turning up, the price breaks out.
A rising wedge is a specific price action indicator that can be used to spot a bearish price move if price breaks out.
A further bearish move to 101 is on the way on impulse below 102 as the commodity probes 102 hurdle.
RECTANGLE
EUR/USD
1H
We can see that eurusd forms a rectangle, the price lacks a further steady impulse up as a sign of a breakout.
When price breaks through the resistance, the resulting move could predict a further move up.
Eurusd risks a move towards the 1.116 zone.
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