Open:
High:
Low:
Close:
RISING WEDGE
USD/JPY
1H
As we can see a rising wedge is close to being complete.
A rising wedge is believed to be a specific bearish chart signal that is used to signal a change in price direction if price breaks through the support.
Usdjpy risks a correction to the 157.6 mark on a break below 157.7.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
There is a descending triangle observed.
In case if price breaks out to the the upside, the move could identify a bullish move.
Crude-oil advances higher towards the 103 level while above 102.6 as crude-oil challenges 102.6 hurdle.
ASCENDING CHANNEL
Gold
XAU/USD
1H
We can see that an ascending channel occurs, the price requires further steady push down for the certainty of breakdown.
An ascending channel depicts a compelling price action indicator that is used to indicate a move down if price breakdown occurs.
Gold to extend the fall to 4000 as sell-off may continue.
ASCENDING TRIANGLE
GBP/USD
4H
An ascending triangle emerges and the price expects an active move for clear breakout confirmation.
An ascending triangle is said to depict a bearish chart signal that predicts a move down if price breaks out to the the downside.
Gbpusd to nosedive to 1.332 while below 1.333 as the currency pair becomes capped.
PENNANT
Bitcoin
BTC/USD
1H
We can see that a pennant is encountered.
A pennant often results in that the price to go short in case if price collapses through the support line.
Decline to the 79600 zone is on the cards on a breach of 79800.
PENNANT
Crude Oil
USOIL
1H
There is a pennant forming and the price expects a further bigger move to confirm a breakout.
In case if price collapses through the support line, the resulting move could spot extending an downtrend.
A bearish continuation towards 100 about to be made on a breakout of the pennant.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle poping up, the price is ready to break out now.
Once price breaks out to the the upside, the move could spot a further move up.
A bullish continuation towards the 2340 zone is likely to happen once beyond 2325.
DESCENDING CHANNEL
USD/JPY
4H
The price completes a descending channel and the price breaks out now.
A descending channel can be thought of as a signal that results in a downward trend is about to reverse into an upnward trend once price breaks out.
Usdjpy now looks to 158 on a breakout of the descending channel.
RISING WEDGE
Crude Oil
USOIL
4H
As we can see a rising wedge has been identified.
When price breaks out, the resulting move could identify that the price to go short.
There is a possibility of decline towards 100 while lower than 101.
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