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Crude Oil: Rectangle

USOIL, 1 day    LONG May 28
There is a rectangle spotted, the price is breaking out. A rectangle often indicates that the price to go up when price breaks out. There is a chance of a bullish push up towards 70 while above 67 as outlook for the commodity stays positive.

GBP/USD: Bullish Flag

GBP/USD, 1 hour    LONG 16 hours ago
There is a bullish flag poping up, GBP/USD asks for a strong move as proof of a breakout. A bullish flag typically signals the more likely potential of rising prices in case if price breaks above resistance. It is likely that a bullish run towards the 1.398 zone will occur on a breach of 1.394.

EUR/USD: Ascending Channel

EUR/USD, 1 day    SHORT Jun 4
There is an ascending channel observed and the price is ready to break out soon. An ascending channel identifies a compelling bearish signal that is used to indicate extending an downtrend once price breaks below support. EUR/USD accelerates losses to 1.19 on a breakdown of the ascending channel as upside pressure alleviates.

EUR/USD: Ascending Channel

EUR/USD, 1 hour    SHORT 6 days ago
We can see that an ascending channel is spotted, the price is ready to break out soon. An ascending channel is said to depict a reliable signal that results in a bearish price move in case if price breaks below support. EUR/USD is at risk of extending its slump towards 1.211 on a breakdown of the ascending channel as bears looking for downside correction.

Bitcoin: Ascending Channel

BTC/USD, 4 hours    SHORT 4 days ago
The price shapes an ascending channel, the price is about to break out. An ascending channel signals that the price to go down if price breaks down. BTC/USD violates bullish trendline to the 34000 level as door open for a test of 34000.

Gold: Ascending Triangle

XAU/USD, 1 hour    SHORT 6 days ago
As we can see an ascending triangle is close to being finished, XAU/USD wants a strong move to confirm ascending triangle breakdown. An ascending triangle is a technical indicator that often identifies a sharp decline if price breaks below support. XAU/USD to maintain its negative tone to the 1845 level as door open for the continuation of the downtrend.

GBP/USD: Rising Wedge

GBP/USD, 1 day    SHORT Jun 10
It looks like the price composes a rising wedge, GBP/USD requests a move as a clue of a breakout. If price breaks below support, the resulting move could predict a temporary interruption during a rising market. GBP/USD targets a move to 1.39.

EUR/USD: Ascending Channel

EUR/USD, 1 day    SHORT Jun 12
There is an ascending channel encountered, EUR/USD demands an active move for the certainty of breakdown. An ascending channel indicates an upward trend is about to reverse into an downward trend once price breaks below support. There is a chance of a bearish run towards 1.205.

Gold: Descending Triangle

XAU/USD, 1 hour    LONG 8 hours ago
The price shapes a descending triangle, the price is going to break out soon. A descending triangle tends to be a useful price action pattern that can be used to identify that the price will rally further if price breaks above resistance. A bullish run towards 1790 is a possibility on a breakout of the descending triangle as XAU/USD loses bearish momentum.

GBP/USD: Bullish Flag

GBP/USD, 1 hour    LONG May 7
It seems like a bullish flag is almost completed and the price is close to breaking out now. A bullish flag often identifies a bullish price move when price breaks above resistance. A move to the 1.394 zone about to be made.

Gold: Rising Wedge

XAU/USD, 1 day    SHORT Jun 4
A rising wedge turns up, XAU/USD requests a next active move for the certainty of breakout. A rising wedge represents a useful price formation that identifies an extension in the downward direction in case if price breakdown occurs. There is a possibility of extra downside towards 1800 on a breakout of the rising wedge.

USD/JPY: Rectangle

USD/JPY, 1 day    LONG May 28
There is a rectangle determined. A rectangle signals an extension in the upward direction once price breaks out. USD/JPY to head to the 110.5 level on a breach of 109.8.
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