Open:
High:
Low:
Close:
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant arising.
Once price breaks out to the the upside, the move could indicate a move up.
Btcusd could attempt a move to the 93000 zone.
BULLISH FLAG
GBP/USD
4H
We can see that a bullish flag is determined, the price asks for a steady move to confirm bullish flag breakout.
A bullish flag depicts a chart signal that is used to spot a temporary interruption during a falling market if price breaks through the resistance.
Gbpusd to surge considerably to the 1.336 zone.
RECTANGLE
EUR/USD
1H
As we can see a rectangle is close to being done, the price calls for steady push up to confirm a breakout.
A rectangle provides a useful price action formation that is used to indicate a further move up when price breaks above resistance.
There is a probability of a move towards 1.166 on a breach of 1.1656.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel uncovered, the price is about to break out soon.
A descending channel tends to be a price action formation that often predicts a further move up once price breaks above resistance.
A further rangebound towards 1.334 looks probable as downside pressure seen easing.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
There is an ascending triangle exposed and the price needs next fall for the certainty of breakout.
An ascending triangle typically predicts a bearish price action once price breaks out.
Gold to prolong the corrective phase towards 4190.
DESCENDING TRIANGLE
EUR/USD
4H
A descending triangle materializes and the price is close to breaking out.
A descending triangle identifies a further move up once price breaks out.
Eurusd to push up to 1.165.
PENNANT
USD/JPY
1H
A pennant is close to being done and usdjpy demands a further active bearish impulse as a clue of a breakdown.
A pennant tends to be a technical price action pattern that can be used to identify a move down in case if price breaks through the support.
Usdjpy to extend the fall to 156.4 on a break below 156.5 as the currency pair is at a brink of a bearish breakout.
FALLING WEDGE
GBP/USD
1H
Gbpusd shapes a falling wedge and the price expects a further bigger move as proof of a breakout.
A falling wedge is believed to be a bullish price indicator that results in a further move up once price breaks above resistance.
There is a probability of a bullish push up to 1.333 on a breach of 1.3325.
PENNANT
Crude Oil
USOIL
1H
A pennant materializes and the price is ready to break out now.
A pennant can be thought of as a technical chart indicator that results in a next move down if price breaks out to the the downside.
There is a possibility of corrective downside to 58 as bears look for entries.
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