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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.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
47 hours ago
There is a descending triangle arising and the price wants a more active move to confirm descending triangle breakout.
Once price breaks through the resistance, the resulting move could spot the more likely potential of rising prices.
There is a chance of a bullish price action towards 1.374.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
2 days ago
USOIL establishes an ascending channel and the price breaks out.
An ascending channel typically spots the more likely potential of falling prices in case if price breaks below support.
It is possible that a bearish move towards the 82.5 zone will form as USOIL probes 82.6 hurdle.
Ethereum: Descending Triangle
ETH/USD,
1 day
LONG
Jul 28
A descending triangle develops and the price is close to breaking out.
Once price breaks through the resistance, the resulting move could spot an extension in the upward direction.
There is a probability of a move towards the 2600 level.
Bitcoin: Ascending Channel
BTC/USD,
1 day
SHORT
Sep 8
An ascending channel has been distinguished.
When price breaks through the support, the resulting move could spot an upward trend is about to reverse into an downward trend.
BTC/USD to extend its slide to the 46000 level while lower than 48000.
USD/JPY: Bullish Flag
USD/JPY,
1 hour
LONG
6 days ago
It looks like a bullish flag forms, the price expects a bit more consolidation as a clue of a breakout.
A bullish flag represents a technical price action signal that often results in that prices are likely to keep rallying upward once price breaks out to the the upside.
It is likely that a bullish continuation to 113.6 will form on a upside break.
USD/JPY: Descending Channel
USD/JPY,
4 hours
LONG
Sep 23
We can see that a descending channel is nearing completion, the price is going to break out soon.
When price breaks out to the the upside, the resulting move could identify an extension in the upward direction.
USD/JPY hints a change to the upside to 110.2 on a breakout of the descending channel as there is room for a upside correction.
Bitcoin: Falling Wedge
BTC/USD,
1 day
LONG
Jul 23
There is a falling wedge materializing.
A falling wedge identifies a bullish price pattern that is angled down that results in the bears have run out of steam once price breaks through the resistance.
There is a chance of a bullish price action towards 36000 on a breach of 33000.
Gold: Descending Triangle
XAU/USD,
1 hour
SHORT
5 days ago
A descending triangle forms and XAU/USD lacks a further impulse down for the certainty of breakout.
A descending triangle is a compelling price action pattern that typically spots that the price to go short when price breaks below support.
XAU/USD to resume its downfall to the 1786 mark while below 1788.5 as door open for the continuation of the downtrend.
Bitcoin: Falling Wedge
BTC/USD,
1 hour
LONG
3 days ago
There is a falling wedge revealed.
A falling wedge is believed to be a specific price indicator that typically signals a change in price direction if price breaks out.
BTC/USD dives out bearish trendline to 61500 once beyond 60900.
Crude Oil: Pennant
USOIL,
4 hours
LONG
Oct 1
USOIL establishes a pennant, the price is close to breaking out now.
A pennant identifies the bears have run out of steam in case if price breaks out to the the upside.
A move to 76 about to be made as USOIL looks bid.
Bitcoin: Descending Channel
BTC/USD,
1 day
LONG
Jul 26
A descending channel is recognized, the price demands a bigger move as a sign of a breakout.
A descending channel is said to depict a technical bullish pattern that has a downward slope that can be used to identify a pause in a downtrending market once price breaks out.
It is possible that a bullish price action to 38000 will happen once beyond 35000 as downside pressure mitigates.