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RISING WEDGE
Crude Oil
USOIL
1H
There is a rising wedge found.
A rising wedge describes a useful bearish formation that often spots a bearish price move when price breaks below support.
There is a possibility of a bearish run to 82 once below 84 as crude-oil failes to keep gains.
DESCENDING CHANNEL
Gold
XAU/USD
4H
The price creates a descending channel.
A descending channel provides a compelling bullish chart indicator that often signals a tendency to break in the opposite direction if price breaks above resistance.
Gold to accomodate to the 4150 mark as minor hurdle remains at 4100.
FALLING WEDGE
EUR/USD
4H
There is a falling wedge uncovered and the price is going to break out.
A falling wedge depicts a technical bullish price action indicator that spots that the price will rally further once price breaks out to the the upside.
There is a possibility of a bullish run to the 1.142 level as downside pressure seen easing.
SYMMETRICAL TRIANGLE
GBP/USD
1H
A symmetrical triangle is close to being completed and the price breaks out.
A symmetrical triangle is believed to be a bullish chart signal that identifies a bullish price move if price breaks above resistance.
Gbpusd to extend its advance towards the 1.331 mark on a breakout of the symmetrical triangle.
FALLING WEDGE
GBP/USD
4H
A falling wedge is spotted.
A falling wedge provides a useful bullish price formation that often indicates a bearish-to-bullish trend reversal once price breaks through the resistance.
It is likely that a bullish move towards the 1.335 mark will happen while above 1.332 as gbpusd probes 1.332 hurdle.
BEARISH FLAG
Bitcoin
BTC/USD
1H
The price shapes a bearish flag, the price breaks out now.
A bearish flag typically signals a next move down when price breaks out.
Btcusd to extend its slide towards the 63500 mark as bears looking for downside correction.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
A descending triangle is close to being complete, the price is about to break out soon.
A descending triangle can be thought of as a useful bullish pattern that often predicts that the price will rally further once price breaks out.
Gold to accomodate towards the 4100 mark on a breakout of the descending triangle as gold nears 4080 hurdle.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel develops.
A descending channel often spots price reversal after a pause in case if price breaks out to the the upside.
There is a probability of a bullish run towards 164 on a breakout of the descending channel.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see an ascending triangle pops up.
An ascending triangle depicts a technical indicator that is used to predict a bearish price move if price breaks down.
Ethusd set to plunge towards 1880 while lower than 1900.
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