Open:
High:
Low:
Close:
ASCENDING CHANNEL
Crude Oil
USOIL
1H
There is an ascending channel found and crude-oil calls for a bigger move as a verification of a breakout.
An ascending channel is said to depict a bearish price action formation that is used to signal a further move down in case if price breakdown occurs.
Crude-oil to plummet to 70 on a breakout of the ascending channel.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel arising and the price needs a further active move to confirm a breakout.
A descending channel typically results in the more likely potential of rising prices in case if price breaks through the resistance.
A bullish continuation to the 5200 zone is on the cards as the commodity becomes bullish.
DESCENDING CHANNEL
EUR/USD
1H
We can see that a descending channel is noticed, the price is close to breaking out now.
A descending channel is considered to be a specific price indicator that can be used to identify that the price to go up in case if price breaks out.
There is a possibility of a bullish continuation towards 1.158 once beyond 1.1565.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel taking place, the price requires a bearish action as a clue of a breakout.
When price breaks down, the resulting move could identify that the price to go short.
Usdjpy to nosedive to 158.4.
RECTANGLE
Bitcoin
BTC/USD
1H
Btcusd composes a rectangle.
A rectangle indicates a sharp rise once price breaks through the resistance.
It is likely that a rangebound towards 68500 will occur as the cryptocurrency looks bid.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge recognized, the price is ready to break out soon.
A falling wedge indicates a next move up in case if price breaks above resistance.
Btcusd to maintain its positive tone towards 67500.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel diagnosed, ethusd wants a strong bullish impulse as a signal of a breakout.
A descending channel indicates an interruption of a downtrend if price breaks out to the the upside.
Ethusd to move upward towards 1970.
ASCENDING CHANNEL
Gold
XAU/USD
1H
We can see that an ascending channel has been found, the price is breaking out.
If price breaks through the support, the resulting move could predict a next move down.
It is not ruled out that a further bearish move to the 5060 zone will happen.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel has been found.
Once price breaks through the support, the move could indicate a countertrend succeeding the current trend.
Gold violates bullish trendline to the 5100 level on a downside break.
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