Open:
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Close:
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle coming out, the price is going to break out.
Once price breaks out, the move could spot that the price to go long.
Gold to jump towards 4180 on a breakout of the descending triangle as gold becomes bid.
RISING WEDGE
USD/JPY
1H
A rising wedge comes out, the price requests a further strong move as an indication of a breakdown.
A rising wedge describes a reliable chart formation that is used to indicate a bearish price move once price breaks through the support.
Usdjpy to slide towards 157.8.
FALLING WEDGE
GBP/USD
1H
There is a falling wedge coming out and gbpusd requests an impulse up as a signal of a breakout.
A falling wedge provides a useful chart indicator that can be used to signal extending an uptrend in case if price breaks through the resistance.
It is possible that a move towards 1.323 will form on impulse above 1.3225 amid the currency pair reclaims part of the ground lost.
PENNANT
Crude Oil
USOIL
1H
A pennant is close to being completed and the price needs a more bigger correction as an information of a breakdown.
A pennant suggests a reliable bearish formation that is used to predict the bulls have run out of steam when price breaks out.
Crude-oil to maintain its negative tone to the 89 level on a breach of 89.6 as crude-oil nears 89.6 hurdle.
PENNANT
Gold
XAU/USD
1H
A pennant is close to completion and the price is ready to break out now.
A pennant suggests a price signal that typically results in that the price to go down if price breaks below support.
Gold targets a move towards the 4120 level once below 4145 as gold becomes offered.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel poping up, btcusd demands a next move as a signal of a breakout.
When price breaks down, the resulting move could identify a temporary interruption during a rising market.
It is likely that corrective downside to the 85500 level will be made.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel turns up, the price lacks next active pullback to confirm a breakout.
An ascending channel is believed to be a signal that can be used to signal that the price to go down once price breaks below support.
There is a possibility of decline to the 2700 level while below 2706.
PENNANT
Crude Oil
USOIL
1H
A pennant has been encountered, the price wants a move as proof of a breakdown.
Once price collapses through the support line, the move could spot a move down.
Crude-oil does not rule out a move towards 89 on impulse below 89.4.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
4H
An ascending triangle is exposed.
An ascending triangle signals a move down when price breaks below support.
Btcusd is at risk of resuming its decline to 84000 on a break below 85200.
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