Open:
High:
Low:
Close:
FALLING WEDGE
Gold
XAU/USD
1H
As we can see a falling wedge is discovered.
A falling wedge often indicates a downward trend is nearing its end once price breaks out.
There is a possibility of a rangebound to 4950 on a breach of 4890 as the commodity becomes bullish.
DESCENDING CHANNEL
GBP/USD
1H
It looks like gbpusd completes a descending channel and the price is about to break out soon.
A descending channel represents a bullish formation that typically indicates that the price to go up once price breaks above resistance.
Gbpusd to continue higher towards 1.36.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It seems like a falling wedge has been found and btcusd requires a bit more consolidation as a signal of a breakout.
A falling wedge typically spots that prices are likely to keep rallying upward when price breaks above resistance.
There is a probability of a move to 68500 once beyond 68000.
BULLISH FLAG
EUR/USD
4H
It seems like eurusd sets up a bullish flag.
When price breaks through the resistance, the move could signal an extension in the upward direction.
There is a chance of a bullish push up towards 1.186.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel has been discovered.
A descending channel is believed to be an indicator that spots a further move up once price breaks out to the the upside.
It is possible that a bullish move to the 1.186 level will occur.
FALLING WEDGE
Ethereum
ETH/USD
1H
It looks like a falling wedge is distinguished.
If price breaks out to the the upside, the move could identify price reversal after a pause.
A move towards the 2000 zone about to be made as outlook for ethusd stays positive.
DESCENDING CHANNEL
EUR/USD
1H
As we can see a descending channel forms.
A descending channel identifies a useful bullish formation that typically indicates a further move up if price breaks through the resistance.
There is a probability of a bullish push up towards 1.185 once beyond 1.1838.
RECTANGLE
Crude Oil
USOIL
1H
It looks like a rectangle has been exposed and the price is ready to break out.
A rectangle describes a technical bearish indicator that is used to identify prices are likely to keep falling downward in case if price breakdown occurs.
A bearish move towards 62 looks probable on a downside break.
PENNANT
Bitcoin
BTC/USD
1H
A pennant is uncovered, the price is ready to break out soon.
A pennant can be thought of as a specific signal that can be used to spot the bulls have run out of steam once price breaks below support.
Btcusd risks extending drop to the 67500 mark once below 67800.
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