Open:
High:
Low:
Close:
RISING WEDGE
USD/JPY
1H
We can see that the price sets up a rising wedge and the price is about to break out now.
A rising wedge depicts a specific signal that often predicts that the price to go down once price breakdown occurs.
Usdjpy to continue the dereciation trend to 157.6 as minor hurdle remains at 157.7.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like a descending triangle pops up, the price needs a next move as a sign of a breakout.
A descending triangle is considered to be a specific chart pattern that is used to indicate extending an downtrend if price breaks out.
Btcusd opens door for a move towards the 70500 mark on impulse below 71000.
RECTANGLE
EUR/USD
1H
A rectangle is close to completion, the price is ready to break out.
A rectangle provides a technical bearish indicator that is used to spot a further move down once price collapses through the support line.
A bearish price action to the 1.158 zone is likely to happen.
BEARISH FLAG
Gold
XAU/USD
1H
A bearish flag is detected and the price is breaking out.
If price breaks out, the resulting move could indicate a next move down.
Gold to head towards 5140.
BULLISH FLAG
USD/JPY
1H
There is a bullish flag emerging.
Once price breaks out to the the upside, the resulting move could indicate that the price to go long.
A rangebound towards 157.4 stays on the cards.
RISING WEDGE
GBP/USD
1H
It looks like a rising wedge occurs.
A rising wedge depicts a price action pattern that often indicates a further move down in case if price breaks through the support.
A bearish move towards the 1.334 mark is about to happen.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel arises and the price is about to break out.
An ascending channel is believed to be a bearish chart indicator that can be used to indicate a next move down once price breaks below support.
Btcusd to move downward to 70000 on a breakout of the ascending channel.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel distinguished and the price is ready to break out.
A descending channel indicates a move up if price breaks above resistance.
Usdjpy to strengthen towards 157.2 on a breakout of the descending channel as there is room for a upside correction.
RISING WEDGE
EUR/USD
1H
As we can see a rising wedge has been found and the price wants next strong push down as proof of a breakout.
A rising wedge denotes a useful bearish signal that is used to indicate that the price to go short in case if price breaks out.
A bearish push down to 1.162 looks probable.
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