Open:
High:
Low:
Close:
DESCENDING TRIANGLE
EUR/USD
1H
A descending triangle arises.
A descending triangle is believed to be a reliable bullish price formation that predicts that the price will rally further once price breaks out.
Eurusd aims to complete a retracement to 1.156 as bullish momentum increases.
PENNANT
Gold
XAU/USD
1H
As we can see the price establishes a pennant, the price is close to breaking out soon.
When price breaks below support, the resulting move could spot a bearish move.
Gold to experience further corrective weakness towards 4280.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel is revealed.
An ascending channel often identifies the bulls have run out of steam in case if price breakdown occurs.
Corrective downside to the 76000 level looks probable while lower than 76800 as minor hurdle remains at 76800.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel diagnosed and the price is breaking out.
In case if price breaks below support, the move could identify extending an downtrend.
A bearish push down towards 2450 about to be made on a breach of 2470 as the cryptocurrency loses bullish momentum.
RISING WEDGE
Ethereum
ETH/USD
1H
We can see that the price sets up a rising wedge.
A rising wedge identifies a technical bearish chart formation that typically signals a change in price direction when price collapses through the support line.
Ethusd to push down to the 2500 zone while lower than 2510.
SYMMETRICAL TRIANGLE
EUR/USD
1D
As we can see a symmetrical triangle is nearing completion, the price asks for a steady correction for clear breakdown confirmation.
Once price breaks out to the the downside, the resulting move could predict the bulls have run out of steam.
A further bearish push down towards the 1.15 mark is on the cards.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel occuring.
A descending channel is believed to be a specific bullish price formation that indicates that the price to go long when price breaks out.
There is a probability of a bullish run to 4320 on a breach of 4320 as door open for the continuation of the uptrend.
ASCENDING TRIANGLE
GBP/USD
1D
There is an ascending triangle spotted.
Once price breaks through the support, the move could signal that the price to go down.
Gbpusd turns lower towards the 1.345 mark once below 1.35.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like an ascending channel is found and the price is breaking out.
An ascending channel is a reliable price action formation that predicts a move down if price breaks through the support.
Btcusd risks suffer setback to the 78000 zone on a breach of 78200 as the cryptocurrency becomes depressed.
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