Open:
High:
Low:
Close:
FALLING WEDGE
EUR/USD
1H
A falling wedge appears and the price requires a move as a clue of a breakout.
A falling wedge predicts extending an uptrend if price breaks out to the the upside.
Eurusd is bullish and en route to the 1.162 zone.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel has been distinguished and the price is about to break out.
A descending channel is believed to be a technical chart signal that typically spots a move up when price breaks out to the the upside.
Gold to have better chances of advancing towards 4380.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel appearing and the price demands more bigger push down as a verification of a breakdown.
An ascending channel provides a specific price indicator that indicates a breakdown is likely to occur once price breaks below support.
It is likely that a bearish run to the 154 level will happen on a breakout of the ascending channel as upside pressure seen easing.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel comes out.
A descending channel is said to depict a technical bullish chart formation that indicates a bullish move once price breaks through the resistance.
A bullish move to the 2480 mark is not ruled out.
DESCENDING TRIANGLE
EUR/USD
1H
A descending triangle pops up and the price is ready to break out.
A descending triangle indicates the more likely potential of falling prices if price breaks down.
Eurusd to drop towards the 1.16 level on a breakout of the descending triangle.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It seems like a falling wedge is nearing completion and the price is breaking out.
A falling wedge results in a move up once price breaks through the resistance.
Btcusd to extend its rebound towards 77500 on a upside break amid btcusd recovers from recent lows.
ASCENDING CHANNEL
EUR/USD
1D
An ascending channel pops up and the price is ready to break out now.
An ascending channel often indicates a temporary interruption during a rising market when price breaks out to the the downside.
Eurusd does not rule out a move towards 1.15 on a breakout of the ascending channel.
ASCENDING CHANNEL
GBP/USD
1D
An ascending channel is very close to being finished.
An ascending channel tends to be a reliable bearish chart signal that can be used to indicate a move down when price breaks below support.
There is a possibility of a bearish continuation towards 1.34.
RECTANGLE
Gold
XAU/USD
4H
A rectangle is very close to being finished and the price is going to break out.
If price breaks below support, the resulting move could signal prices are likely to keep falling downward.
There is a probability of decline towards the 4350 level as there is a chance for a downside correction.
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