Open:
High:
Low:
Close:
RECTANGLE
USD/JPY
1D
It seems like a rectangle materializes.
A rectangle identifies a reliable price action signal that is used to predict that prices are likely to keep rallying upward once price breaks through the resistance.
Usdjpy to extend its advance to 161.
RECTANGLE
Ethereum
ETH/USD
1H
We can see that a rectangle is nearing completion, the price breaks out.
A rectangle can be thought of as a compelling bearish price action formation that can be used to indicate an extension in the downward direction if price breaks below support.
Ethusd risks a move to the 1600 mark on a breakout of the rectangle.
DESCENDING TRIANGLE
EUR/USD
1H
A descending triangle pops up and the price is breaking out.
A descending triangle represents a reliable indicator that predicts an extension in the downward direction if price breaks through the support.
Eurusd risks a move to 1.153 amid rising bets for the move.
ASCENDING TRIANGLE
GBP/USD
1H
As we can see an ascending triangle is discovered.
An ascending triangle often results in an upward trend is nearing its end once price collapses through the support line.
There is a probability of a bearish continuation to the 1.337 level while lower than 1.338.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
There is an ascending triangle encountered and the price requires a bigger move for the certainty of breakout.
An ascending triangle is a useful bullish indicator that often spots a bullish move in case if price breaks out.
Crude-oil advances higher towards the 91 zone once above 90.2.
FALLING WEDGE
EUR/USD
1H
We can see that a falling wedge has been noticed, the price is ready to break out now.
A falling wedge is a technical price indicator that can be used to signal a bullish move if price breaks out to the the upside.
Eurusd turns higher to the 1.157 zone.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
We can see that a descending channel is exposed.
In case if price breaks out, the move could identify a temporary interruption during a falling market.
Btcusd to resume its rise to the 62500 mark on a breakout of the descending channel.
SYMMETRICAL TRIANGLE
GBP/USD
1H
It seems like a symmetrical triangle has been observed.
A symmetrical triangle indicates a bullish move once price breaks above resistance.
Gbpusd to continue the appreciation trend towards 1.341.
RISING WEDGE
USD/JPY
1H
It seems like the price forms a rising wedge, the price demands a next strong bearish continuation as evidence of a breakout.
A rising wedge describes a technical chart indicator that is used to identify a break in the price direction in case if price breaks below support.
Decline to the 160.3 mark is a possibility once below 160.4 as sell-off may continue.
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