Open:
High:
Low:
Close:
ASCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that an ascending channel is close to being complete and the price lacks a further move as a verification of a breakout.
An ascending channel can be thought of as a technical bearish pattern that typically signals a further move down when price breaks out to the the downside.
It is not ruled out that a bearish continuation towards the 78 zone will take place.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel coming out and the price is close to breaking out soon.
In case if price breaks through the resistance, the resulting move could spot a potential reversal in price action.
Eurusd is bullish and en route to the 1.142 mark on a breach of 1.1415.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
It looks like a descending channel is close to being finished and the price needs a more active bullish impulse as an indication of a breakout.
A descending channel can be thought of as an indicator that is used to predict a temporary interruption of an existing trend once price breaks above resistance.
Btcusd to enjoy a considerable gain towards 64500 on a breach of 64200 as there is a chance for a upside correction.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle distinguished, the price demands a next active move as a clue of a breakout.
A rectangle predicts a bullish price action once price breaks above resistance.
Ethusd to turn bullish towards 1810 on a break above 1802.
ASCENDING TRIANGLE
USD/JPY
1H
Usdjpy sets up an ascending triangle.
An ascending triangle is said to depict a reliable bearish price formation that can be used to identify a further move down in case if price breakdown occurs.
It is possible that a bearish push down towards the 162 mark will take place.
PENNANT
Ethereum
ETH/USD
4H
As we can see a pennant is exposed, the price calls for a more bigger move for the certainty of breakout.
A pennant typically results in a sharp rise when price breaks out to the the upside.
There is a possibility of a bullish run to the 1840 level.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle noticed.
A descending triangle depicts a technical bullish chart formation that is used to identify an extension in the upward direction when price breaks through the resistance.
Gold to push up towards 4040 once above 4030.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel is close to being finished, the price is breaking out.
A descending channel typically indicates a bearish-to-bullish trend reversal when price breaks out to the the upside.
Gbpusd aims to complete a retracement towards the 1.34 zone.
DESCENDING CHANNEL
EUR/USD
4H
A descending channel appears.
A descending channel suggests an indicator that often spots that the price to go up in case if price breaks out.
It is not ruled out that a bullish price action towards the 1.146 mark will form.
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