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Chart patterns

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GBP/USD: Descending Channel

GBP/USD, 4 hours    LONG Oct 7
We can see that a descending channel is exposed, GBP/USD lacks a further steady bullish action as a sign of a breakout. A descending channel is said to depict a compelling bullish price pattern that has a downward slope that often predicts a next move up in case if price breaks through the resistance. A further bullish push up towards 1.37 looks possible.

Ethereum: Descending Channel

ETH/USD, 4 hours    LONG 6 days ago
A descending channel is encountered. A descending channel signals a move up in case if price breaks out. ETH/USD risks a move towards 3600 on a breakout of the descending channel.

USD/JPY: Bullish Flag

USD/JPY, 1 hour    LONG 30 hours ago
A bullish flag has been discovered, the price is ready to break out. A bullish flag depicts a specific price action signal that often results in that prices move counter to the prevailing price trend once price breaks out to the the upside. USD/JPY to strengthen to 114.2 while above 114.16.

EUR/USD: Bullish Flag

EUR/USD, 1 hour    LONG 2 days ago
A bullish flag has been noticed, the price asks for a next steady move as evidence of a breakout. Once price breaks out, the move could indicate a break during a downtrending market. EUR/USD hints a change to the upside towards 1.161 on a breakout of the bullish flag.

EUR/USD: Rectangle

EUR/USD, 4 hours    LONG 6 days ago
There is a rectangle appearing and EUR/USD demands a more steady bullish impulse as proof of a breakout. A rectangle is believed to be a reliable bullish price action signal that is used to indicate a bullish price action in case if price breaks out. A bullish move towards 1.162 is likely to happen as the currency pair challenges 1.1605 hurdle.

USD/JPY: Descending Triangle

USD/JPY, 4 hours    LONG Oct 8
We can see that a descending triangle has been uncovered. A descending triangle predicts a move up if price breaks through the resistance. USD/JPY to strengthen to 111.8.

USD/JPY: Descending Channel

USD/JPY, 1 hour    LONG 28 hours ago
The price forms a descending channel. A descending channel often indicates a temporary interruption of an existing trend once price breaks above resistance. USD/JPY to accomodate towards 114.3.

EUR/USD: Ascending Channel

EUR/USD, 1 hour    SHORT 26 hours ago
There is an ascending channel emerging, EUR/USD needs a bigger move to confirm a breakout. When price breaks through the support, the resulting move could predict a trend change to the downside. EUR/USD could drop to the 1.162 zone.

Gold: Ascending Channel

XAU/USD, 1 hour    SHORT 5 days ago
There is an ascending channel happening, the price calls for a further bearish impulse as a verification of a breakdown. An ascending channel represents a compelling bearish formation that often identifies that prices move counter to the prevailing price trend in case if price breakdown occurs. It is not ruled out that a bearish continuation towards the 1794 level will take place.

Gold: Descending Channel

XAU/USD, 1 hour    LONG 39 hours ago
It seems like a descending channel has been determined. A descending channel depicts a useful indicator that predicts that prices are likely to keep rallying upward when price breaks out. XAU/USD to strengthen towards 1770 on a breach of 1769 as risk reversal sheds bearish bias.

EUR/USD: Ascending Channel

EUR/USD, 1 hour    SHORT 20 hours ago
There is an ascending channel arising and the price is ready to break out. When price breaks below support, the move could signal the bulls have run out of steam. EUR/USD embarks on a bearish correction to the 1.162 mark amid EUR/USD recedes from recent highs.

EUR/USD: Descending Channel

EUR/USD, 1 hour    LONG 2 days ago
The price completes a descending channel, the price is breaking out. A descending channel indicates a further move up when price breaks out to the the upside. There is a probability of a further bullish push up towards the 1.16 zone on a breakout of the descending channel as EUR/USD loses bearish momentum.
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