Open:
High:
Low:
Close:
DESCENDING CHANNEL
EUR/USD
1H
It looks like a descending channel occurs and the price is breaking out.
A descending channel provides a specific price action pattern that often spots a tendency to break in the opposite direction when price breaks above resistance.
There is a chance of a further bullish push up towards 1.162.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel poping up, the price asks for a further move as a clue of a breakout.
A descending channel tends to be a bullish formation that is angled down that typically identifies a move up when price breaks through the resistance.
There is a probability of a bullish move towards 1.338 on a breakout of the descending channel as bulls looking for upside correction.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
The price creates an ascending channel and the price is close to breaking out soon.
An ascending channel is a compelling indicator that results in a bearish price move in case if price breaks down.
Crude-oil turns lower to the 78 mark on a breach of 78.5 as the commodity becomes weaker.
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 CHANNEL
GBP/USD
4H
There is a descending channel poping up and the price asks for a further steady impulse up as proof of a breakout.
A descending channel identifies a reliable pattern that typically spots a change in the prevailing trend if price breaks out to the the upside.
It is possible that a bullish move towards the 1.34 mark will happen as the currency pair is at a brink of a bullish breakout.
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.
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