Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel encountered.
If price collapses through the support line, the move could predict that the price to go short.
There is a probability of a bearish run to 153 as usdjpy becomes vulnerable.
BULLISH FLAG
Ethereum
ETH/USD
4H
A bullish flag is close to being done, the price is ready to break out now.
A bullish flag indicates a break during a downtrending market in case if price breaks out.
Ethusd to resume its rise to 2520 while above 2510.
FALLING WEDGE
GBP/USD
1H
A falling wedge is almost done, the price is about to break out soon.
A falling wedge tends to be a reliable bullish price formation that results in a next move up once price breaks out to the the upside.
A further rangebound to the 1.353 level is a possibility on impulse above 1.3525.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that an ascending channel is close to being complete, the price is close to breaking out soon.
Once price breaks through the support, the move could predict reversals in uptrends.
There is a possibility of decline towards 98 as the commodity keeps the bid tone.
FALLING WEDGE
EUR/USD
1H
A falling wedge appears and the price requires a move as a clue of a breakout.
A falling wedge predicts extending an uptrend if price breaks out to the the upside.
Eurusd is bullish and en route to the 1.162 zone.
RECTANGLE
EUR/USD
4H
It seems like a rectangle is detected and eurusd needs a more move to confirm a breakout.
A rectangle is considered to be a reliable bearish price indicator that is used to identify prices are likely to keep falling downward once price breaks below support.
Eurusd does not rule out a move towards 1.16 on impulse below 1.1605.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel has been distinguished and the price is about to break out.
A descending channel is believed to be a technical chart signal that typically spots a move up when price breaks out to the the upside.
Gold to have better chances of advancing towards 4380.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel appearing and the price demands more bigger push down as a verification of a breakdown.
An ascending channel provides a specific price indicator that indicates a breakdown is likely to occur once price breaks below support.
It is likely that a bearish run to the 154 level will happen on a breakout of the ascending channel as upside pressure seen easing.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel comes out.
A descending channel is said to depict a technical bullish chart formation that indicates a bullish move once price breaks through the resistance.
A bullish move to the 2480 mark is not ruled out.
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