Open:
High:
Low:
Close:
ASCENDING TRIANGLE
EUR/USD
1H
Eurusd completes an ascending triangle.
An ascending triangle typically predicts a bearish price move if price breaks below support.
Eurusd to slide to the 1.147 level.
DESCENDING TRIANGLE
USD/JPY
1H
There is a descending triangle developing.
A descending triangle can be thought of as a compelling chart formation that often identifies that the price to go long once price breaks through the resistance.
Usdjpy to have better chances of advancing to 157.4 once beyond 157.4.
PENNANT
EUR/USD
1H
A pennant is very close to being completed.
A pennant can be thought of as a technical bullish signal that can be used to spot the more likely potential of rising prices if price breaks out.
It is not ruled out that a bullish run to 1.149 will be made.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle exposed and the price is ready to break out.
A rectangle provides a reliable bearish price action signal that can be used to signal that the price to go down when price breaks down.
There is a chance of corrective downside towards the 4360 level.
RISING WEDGE
GBP/USD
1H
There is a rising wedge poping up, gbpusd lacks more fall as a clue of a breakout.
A rising wedge often signals a bearish price move once price breaks out to the the downside.
Gbpusd opens door for a move to 1.338.
DESCENDING CHANNEL
GBP/USD
4H
As we can see the price sets up a descending channel, the price is about to break out.
A descending channel denotes a reliable pattern that is angled down that is used to indicate the bears have run out of steam when price breaks through the resistance.
It is possible that a rangebound towards the 1.34 zone will be made as bulls seeking a new high.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
An ascending triangle is revealed and the price is about to break out.
An ascending triangle typically spots prices are likely to keep falling downward if price breaks through the support.
Gold to fall towards the 4360 mark.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
Btcusd completes a descending channel and the price asks for a next steady move as proof of a breakout.
A descending channel represents a reliable bullish chart signal that often results in that the price to go up once price breaks above resistance.
Btcusd could attempt a move to the 81500 mark.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel happens and the price calls for a further move as proof of a breakout.
A descending channel denotes a bullish price action indicator that can be used to spot that the price to go long if price breaks above resistance.
It is possible that a bullish price action to the 2660 mark will happen on a breach of 2645.
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