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USD/JPY: Descending Channel

USD/JPY, 1 hour    LONG May 12
It looks like a descending channel is very close to being completed and USD/JPY wants a move as an information of a breakout. A descending channel predicts price reversal after a pause in case if price breaks out. It is not ruled out that a bullish continuation towards 109 will be made while above 108.85.

Bitcoin: Ascending Channel

BTC/USD, 1 hour    SHORT May 3
It seems like BTC/USD forms an ascending channel, the price breaks out soon. An ascending channel provides a technical bearish signal that typically predicts a change in the prevailing trend in case if price collapses through the support line. There is a chance of a bearish price action towards 56000 on a breach of 57000 as weakness continues.

Gold: Bullish Flag

XAU/USD, 1 hour    LONG May 19
A bullish flag is exposed, the price is ready to break out now. A bullish flag denotes a useful signal that is used to spot a bullish price move once price breaks out to the the upside. There is a possibility of a bullish push up to 1874.

GBP/USD: Descending Channel

GBP/USD, 4 hours    LONG May 5
There is a descending channel detected, the price is ready to break out soon. A descending channel represents a price signal that often predicts a change in price direction once price breaks above resistance. A bullish move to the 1.4 level stays on the cards on a breach of 1.392 as indicators turn bullish.

USD/JPY: Pennant

USD/JPY, 4 hours    LONG May 26
There is a pennant taking place. A pennant spots the bears have run out of steam in case if price breaks through the resistance. USD/JPY to jump towards the 109.2 mark.

Bitcoin: Falling Wedge

BTC/USD, 1 hour    LONG Apr 30
As we can see a falling wedge is close to completion and BTC/USD demands a next bigger bullish impulse as evidence of a breakout. A falling wedge typically signals that the price to go long when price breaks through the resistance. BTC/USD to continue the appreciation trend to the 55000 mark as bulls looking for upside correction.

EUR/USD: Pennant

EUR/USD, 1 hour    SHORT Jun 3
A pennant is uncovered, the price requests a next bigger move to confirm a breakout. Once price breaks down, the move could spot prices are likely to keep falling downward. A bearish push down towards the 1.216 mark is likely on a breach of 1.218.

Crude Oil: Falling Wedge

USOIL, 1 hour    LONG May 11
A falling wedge emerges, USOIL requests next rise to confirm a breakout. A falling wedge denotes a bullish chart pattern that can be used to indicate a move up when price breaks above resistance. A rangebound to the 65.5 zone is about to happen.

Ethereum: Ascending Triangle

ETH/USD, 1 hour    LONG May 2
An ascending triangle takes place, the price requests a further move as an indication of a breakout. An ascending triangle is believed to be a technical formation that indicates a sharp rise when price breaks out. ETH/USD looks ready to further extend its gains towards 2980 while above 2960.

Bitcoin: Rectangle

BTC/USD, 4 hours    SHORT May 11
A rectangle has been diagnosed, the price breaks out now. In case if price breakdown occurs, the move could identify extending an downtrend. It is not ruled out that a bearish push down towards the 54000 zone will take place while lower than 55000 as BTC/USD failes to keep gains.

EUR/USD: Ascending Triangle

EUR/USD, 1 hour    SHORT May 12
We can see that an ascending triangle has been revealed and the price wants a bearish continuation as a clue of a breakdown. When price collapses through the support line, the move could predict the bulls have run out of steam. EUR/USD set to accelerate its decline to 1.212.

GBP/USD: Descending Channel

GBP/USD, 1 hour    LONG May 7
We can see that GBP/USD sets up a descending channel. A descending channel depicts a compelling price formation that can be used to predict a trend change to the upside if price breaks above resistance. GBP/USD advances higher to 1.394.
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