Open:
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Low:
Close:
RISING WEDGE
USD/JPY
1H
A rising wedge emerges, usdjpy calls for a next strong move as an indication of a breakout.
When price breaks out to the the downside, the resulting move could indicate a bearish move.
Usdjpy is at risk of resuming its decline to the 158.2 level.
PENNANT
Bitcoin
BTC/USD
1H
It looks like a pennant comes out and btcusd requests a more steady move as a clue of a breakout.
A pennant suggests a bearish chart formation that often signals extending an downtrend when price collapses through the support line.
A rangebound to 83200 about to be made on a breach of 83250 as indicators favor bears.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
It seems like the price develops an ascending channel and the price needs active push down as a verification of a breakout.
An ascending channel represents a reliable bearish price formation that can be used to predict that the price to go down if price breakdown occurs.
A bearish move to 81000 is a possibility.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel detected, the price requests a strong bearish action as evidence of a breakdown.
An ascending channel predicts a break in the price direction in case if price breaks down.
Gbpusd risks further decline to 1.325 on a breach of 1.326.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
We can see that an ascending triangle is close to being done.
An ascending triangle denotes a technical bearish signal that spots a next move down if price breaks below support.
Ethusd to prolong the corrective phase towards 2400 once below 2440.
ASCENDING CHANNEL
Gold
XAU/USD
4H
An ascending channel is observed, the price is about to break out now.
Once price breaks out, the resulting move could spot a bearish price move.
It is likely that decline towards the 4100 level will form.
ASCENDING CHANNEL
GBP/USD
4H
It seems like an ascending channel emerges and gbpusd asks for strong push down as a signal of a breakout.
In case if price breaks below support, the move could indicate a bearish price action.
Gbpusd to experience further corrective weakness towards 1.32 as the mood may get worse.
BEARISH FLAG
GBP/USD
1H
A bearish flag is distinguished, the price is ready to break out.
In case if price collapses through the support line, the move could identify a move down.
Gbpusd to continue the dereciation trend towards the 1.326 level while below 1.3265.
ASCENDING CHANNEL
Gold
XAU/USD
4H
It seems like the price forms an ascending channel, gold calls for a further steady move as a clue of a breakout.
An ascending channel depicts a compelling bearish pattern that can be used to identify a temporary interruption during a rising market in case if price breaks down.
It is not ruled out that a bearish continuation to 4140 will form.
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