Open:
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ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
It seems like an ascending channel is very close to being finished.
An ascending channel denotes a specific bearish chart signal that is used to signal a change in the prevailing trend when price collapses through the support line.
Btcusd looks for a setback towards the 67000 mark on a break below 68200 as upside pressure seen easing.
PENNANT
Gold
XAU/USD
1H
There is a pennant discovered.
A pennant often signals a move up in case if price breaks out.
It is likely that a bullish push up towards 4680 will happen on impulse above 4670.
PENNANT
EUR/USD
1H
There is a pennant noticed, the price requires a next bigger bullish impulse for the certainty of breakout.
A pennant is a price pattern that often identifies a move up when price breaks above resistance.
Eurusd is bullish and en route to 1.156 as the currency pair nears 1.1555 hurdle.
RISING WEDGE
USD/JPY
1H
It seems like a rising wedge turns up and usdjpy demands a next move to confirm rising wedge breakout.
A rising wedge indicates a bearish move once price breaks out.
Usdjpy could drop to 159.7 as the currency pair nears 159.75 hurdle.
RISING WEDGE
Crude Oil
USOIL
1H
A rising wedge is very close to being completed, the price is going to break out now.
A rising wedge is believed to be a compelling price action formation that predicts an extension in the downward direction in case if price collapses through the support line.
Crude-oil to suffer a steeper decline to the 112 level on a breakout of the rising wedge.
ASCENDING TRIANGLE
GBP/USD
1H
It seems like an ascending triangle occurs.
An ascending triangle is a specific bullish signal that can be used to predict that the price to go up once price breaks through the resistance.
Gbpusd opens door for a move towards the 1.328 zone on a breach of 1.3265 as weakness seen overdone.
PENNANT
EUR/USD
4H
A pennant pops up and the price requests next active rise as proof of a breakout.
A pennant often signals that the price to go long when price breaks above resistance.
There is a possibility of a bullish continuation to 1.16 as extra rangebound not ruled out.
FALLING WEDGE
GBP/USD
4H
There is a falling wedge appearing, the price calls for a further bigger bullish impulse as evidence of a breakout.
A falling wedge often spots price heading to a new direction once price breaks above resistance.
Gbpusd to accomodate to 1.33.
ASCENDING CHANNEL
EUR/USD
1H
It seems like the price shows an ascending channel and the price breaks out now.
An ascending channel provides a reliable price action signal that typically identifies a next move down once price breaks through the support.
Eurusd targets a move towards the 1.152 mark as upside pressure alleviates.
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