Open:
High:
Low:
Close:
DESCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that a descending channel is very close to being finished, the price breaks out now.
Once price breaks out to the the upside, the resulting move could spot a breakout higher.
Crude-oil to maintain its positive tone towards the 58.8 mark.
RECTANGLE
EUR/USD
1H
A rectangle is distinguished, the price requires a further active move to confirm a breakout.
A rectangle identifies a bullish price action signal that often predicts that the price will rally further once price breaks out.
Eurusd to peak towards the 1.1655 zone.
DESCENDING CHANNEL
GBP/USD
1H
As we can see a descending channel has been spotted.
A descending channel can be thought of as a useful bullish indicator that is used to signal a change in price direction once price breaks through the resistance.
It is not ruled out that a rangebound towards 1.333 will take place on impulse above 1.332 as the currency pair becomes supported.
RISING WEDGE
USD/JPY
1H
There is a rising wedge revealed, the price is ready to break out.
A rising wedge depicts a specific formation that is used to spot an extension in the downward direction in case if price breaks down.
It is possible that a further bearish move towards the 156.6 zone will happen on a breach of 156.65.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel distinguished and the price is breaking out.
A descending channel is believed to be a bullish pattern that typically indicates a sharp rise in case if price breaks out to the the upside.
It is likely that a rangebound towards 1.164 will take place on a upside break as downside pressure mitigates.
RISING WEDGE
Gold
XAU/USD
1H
A rising wedge is discovered and the price is breaking out.
A rising wedge typically indicates an extension in the downward direction in case if price breakdown occurs.
Gold to experience further corrective weakness towards 4200 while lower than 4212.
FALLING WEDGE
EUR/USD
1H
As we can see a falling wedge develops.
A falling wedge denotes a technical bullish price formation that is angled down that often predicts a next move up in case if price breaks through the resistance.
Eurusd to continue the appreciation trend to 1.163.
ASCENDING CHANNEL
USD/JPY
1H
The price completes an ascending channel and the price expects a more move as a clue of a breakout.
When price breaks down, the move could signal a bearish price action.
There is a possibility of a bearish move to the 156.6 mark on a breakdown of the ascending channel as minor hurdle remains at 156.6.
PENNANT
Bitcoin
BTC/USD
1D
There is a pennant uncovered.
A pennant depicts a bullish price action pattern that spots an extension in the upward direction once price breaks out.
There is a probability of a bullish move towards the 95000 zone on a breach of 92000 as bulls looking for upside correction.
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