Open:
High:
Low:
Close:
DESCENDING TRIANGLE
EUR/USD
1H
It seems like a descending triangle turns up and the price calls for a next steady bearish action for the certainty of breakout.
Once price collapses through the support line, the move could identify a sharp decline.
Eurusd set to fall to 1.162.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle emerging and gold needs more strong fall as evidence of a breakdown.
A rectangle suggests a specific price action indicator that typically signals a move down if price breaks down.
It is possible that a further rangebound towards the 4480 level will be made on a breakdown of the rectangle as bears looking for profit.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel emerging, the price is ready to break out now.
Once price breakdown occurs, the move could predict that the price to go down.
Gbpusd risks further downside to 1.344.
PENNANT
GBP/USD
1H
A pennant is noticed.
A pennant is said to depict a price action indicator that identifies prices are likely to keep falling downward in case if price breaks out.
It is not ruled out that corrective downside to the 1.344 mark will form.
ASCENDING CHANNEL
EUR/USD
1H
As we can see the price shows an ascending channel and the price wants a next correction for clear breakdown confirmation.
An ascending channel tends to be a compelling bearish chart pattern that typically indicates that the price to go down once price breaks down.
A bearish price action to the 1.164 level looks probable on a breach of 1.1648.
RISING WEDGE
USD/JPY
1H
A rising wedge turns up and usdjpy asks for pullback for the certainty of breakdown.
A rising wedge is believed to be a compelling bearish formation that has an upward slope that can be used to identify a break during an uptrending market when price breaks down.
There is a possibility of corrective downside to the 159.4 level on a break below 159.46.
BEARISH RECTANGLE
Bitcoin
BTC/USD
1H
Btcusd shows a bearish rectangle, the price needs a strong move to confirm bearish rectangle breakout.
A bearish rectangle often signals a bearish move in case if price breaks out.
There is a possibility of decline to 72500 on a break below 73000 as the cryptocurrency keeps the bid tone.
RECTANGLE
Crude Oil
USOIL
1H
There is a rectangle taking place.
A rectangle identifies that the price to go up if price breaks out to the the upside.
A bullish run towards 91 is about to happen as risk reversal sheds bearish bias.
PENNANT
Ethereum
ETH/USD
4H
A pennant has been uncovered.
When price breaks below support, the move could indicate a further move down.
It is likely that decline towards 1980 will happen on a breakdown of the pennant as ethusd challenges 1995 hurdle.
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