Open:
High:
Low:
Close:
FALLING WEDGE
Crude Oil
USOIL
1H
There is a falling wedge distinguished and the price is going to break out soon.
A falling wedge can be thought of as a technical pattern that is angled down that identifies a bullish price action once price breaks out.
Crude-oil turns higher to 68.
ASCENDING TRIANGLE
EUR/USD
4H
There is an ascending triangle encountered, eurusd lacks a further bigger move to confirm a breakout.
An ascending triangle typically identifies the bears have run out of steam when price breaks through the resistance.
Eurusd advances higher to the 1.144 mark.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle developing and the price requests a further active move as a signal of a breakout.
An ascending triangle identifies a compelling bullish formation that typically indicates a further move up in case if price breaks out to the the upside.
Eurusd to surge considerably to the 1.142 mark.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel encountered, the price breaks out soon.
A descending channel typically predicts a next move up once price breaks through the resistance.
Crude-oil to move upward to the 69 mark.
ASCENDING CHANNEL
USD/JPY
4H
An ascending channel is close to being complete and usdjpy demands a more active bearish move for clear breakdown confirmation.
Once price breaks out to the the downside, the resulting move could predict reversals in uptrends.
It is possible that a rangebound to 162.2 will occur on a break below 162.3.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge uncovered and eurusd needs a next active move as a clue of a breakout.
A falling wedge depicts an indicator that results in a bullish price move when price breaks out.
Eurusd turns higher to the 1.14 level while above 1.1385 as indicators favor bulls.
RECTANGLE
Ethereum
ETH/USD
4H
The price sets up a rectangle, ethusd asks for a bit more consolidation to confirm a breakout.
A rectangle suggests a pattern that often results in that prices are likely to keep rallying upward if price breaks out.
Ethusd aims to complete a retracement to 1640 on a breakout of the rectangle.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
A descending triangle has been discovered.
A descending triangle denotes a useful formation that is used to signal an extension in the downward direction once price breaks below support.
It is possible that extra downside towards the 68 level will happen.
RECTANGLE
Gold
XAU/USD
1H
As we can see a rectangle is very close to being finished and gold asks for a more move as a sign of a breakout.
A rectangle provides a reliable chart formation that is used to predict that the price to go long when price breaks through the resistance.
Gold to grind higher to 4060 as gold sticks to the positive mood.
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