Open:
High:
Low:
Close:
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.
RISING WEDGE
Bitcoin
BTC/USD
1H
A rising wedge is nearing completion and the price is ready to break out now.
If price breaks down, the move could spot a sharp decline.
There is a probability of a rangebound to 80500 on a breakdown of the rising wedge as door open for a test of 80500.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that a descending channel turns up.
A descending channel describes a bullish price action signal that is used to predict extending an uptrend when price breaks out to the the upside.
There is a possibility of a bullish move towards the 102 mark.
RISING WEDGE
USD/JPY
1H
We can see that a rising wedge arises and the price is going to break out soon.
A rising wedge denotes a reliable bearish price formation that can be used to identify an interruption of an uptrend when price breaks down.
Decline towards the 157.8 zone is not ruled out once below 157.88 as door open for a test of 157.8.
DESCENDING CHANNEL
EUR/USD
1H
It looks like a descending channel materializes and the price expects a more bullish impulse for clear breakout confirmation.
In case if price breaks out to the the upside, the resulting move could spot that the price will rally further.
There is a probability of a bullish push up towards the 1.114 mark on a breach of 1.113 as outlook for eurusd stays positive.
ASCENDING CHANNEL
USD/JPY
1H
It looks like an ascending channel comes out and the price calls for a bigger move for the certainty of breakdown.
An ascending channel provides a technical signal that spots a change in the prevailing trend if price breaks out.
There is a chance of a bearish move towards the 157.6 mark on a breach of 157.85.
FALLING WEDGE
Bitcoin
BTC/USD
4H
The price completes a falling wedge and btcusd requests a more move as a sign of a breakout.
In case if price breaks above resistance, the resulting move could indicate that the price will rally further.
Btcusd hints a change to the upside towards 80500 as door open for the continuation of the uptrend.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
It looks like a descending triangle is almost completed.
If price breaks out, the resulting move could indicate a next move up.
There is a possibility of a rangebound to the 4030 mark while above 4022 as the mood may improve.
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