Open:
High:
Low:
Close:
RECTANGLE
USD/JPY
1H
It seems like a rectangle emerges, the price is close to breaking out.
A rectangle indicates an extension in the upward direction if price breaks out.
Usdjpy hints a change to the upside towards the 158.1 mark on a breach of 158.02 amid usdjpy recovers from recent lows.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel is almost finished.
Once price breaks out to the the upside, the move could indicate a downward trend is about to reverse into an upnward trend.
A bullish run to the 1.33 level is possible.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price composes an ascending channel and the price is ready to break out.
When price collapses through the support line, the move could indicate a break during an uptrending market.
Btcusd set to plunge towards 80500 on a breakout of the ascending channel as the mood may get worse.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel takes place, the price wants a next bigger move as an information of a breakout.
When price collapses through the support line, the move could spot that the price to go down.
It is possible that corrective downside towards 2340 will be made while lower than 2345.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel diagnosed, the price lacks a bigger bullish move as an indication of a breakout.
A descending channel typically spots that prices move counter to the prevailing price trend once price breaks out to the the upside.
There is a probability of a rangebound to the 1.33 mark.
PENNANT
Crude Oil
USOIL
1H
It seems like a pennant is very close to being finished.
A pennant is believed to be a reliable bullish chart indicator that indicates that the price to go up when price breaks through the resistance.
Crude-oil looks north towards the 102 mark as bulls look for entries.
DESCENDING CHANNEL
EUR/USD
1H
It seems like a descending channel has been discovered.
Once price breaks out, the resulting move could predict that prices move counter to the prevailing price trend.
Eurusd to prolong the growth phase towards the 1.114 mark as the currency pair looks bid.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is almost done.
An ascending channel indicates that the price to go down in case if price breaks through the support.
It is possible that a rangebound towards 4020 will occur as the commodity challenges 4035 hurdle.
RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge is nearing completion.
Once price breakdown occurs, the resulting move could predict a further move down.
Ethusd to drop towards 2340 on a breakout of the rising wedge as risk reversal sheds bullish bias.
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