Open:
High:
Low:
Close:
FALLING WEDGE
EUR/USD
1H
As we can see a falling wedge develops.
A falling wedge denotes a technical bullish price formation that is angled down that often predicts a next move up in case if price breaks through the resistance.
Eurusd to continue the appreciation trend to 1.163.
ASCENDING CHANNEL
USD/JPY
1H
The price completes an ascending channel and the price expects a more move as a clue of a breakout.
When price breaks down, the move could signal a bearish price action.
There is a possibility of a bearish move to the 156.6 mark on a breakdown of the ascending channel as minor hurdle remains at 156.6.
PENNANT
Bitcoin
BTC/USD
1D
There is a pennant uncovered.
A pennant depicts a bullish price action pattern that spots an extension in the upward direction once price breaks out.
There is a probability of a bullish move towards the 95000 zone on a breach of 92000 as bulls looking for upside correction.
ASCENDING CHANNEL
EUR/USD
4H
It seems like an ascending channel is very close to being finished and eurusd calls for a strong bearish continuation for the certainty of breakout.
An ascending channel provides a specific indicator that can be used to predict a breakdown is likely to occur when price breaks through the support.
Eurusd risks a move to the 1.162 zone on a breach of 1.163.
ASCENDING TRIANGLE
EUR/USD
1H
Eurusd establishes an ascending triangle and eurusd asks for a bigger correction as a clue of a breakout.
An ascending triangle is a compelling signal that often predicts a sharp decline in case if price breaks down.
Eurusd set to extend its decline towards the 1.162 zone as eurusd keeps the bid tone.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
The price gives an ascending triangle and btcusd wants a further move as a clue of a breakout.
An ascending triangle denotes a specific price signal that often predicts a further move up once price breaks above resistance.
Btcusd looks north to the 92500 level.
BULLISH FLAG
Bitcoin
BTC/USD
4H
It seems like the price shapes a bullish flag and the price is breaking out.
A bullish flag is considered to be a technical chart pattern that is angled down that can be used to spot a move up when price breaks out to the the upside.
A bullish move to 92000 is probable.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
Ethusd forms a descending channel, the price calls for a further steady move to confirm a breakout.
If price breaks out, the resulting move could indicate that the price will rally further.
A rangebound to 3200 is a possibility on a breakout of the descending channel.
RECTANGLE
Crude Oil
USOIL
4H
A rectangle occurs.
A rectangle is said to depict a chart signal that is used to predict a bearish move in case if price collapses through the support line.
Corrective downside towards the 58 zone is about to happen as risk reversal sheds bullish bias.
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