Open:
High:
Low:
Close:
RECTANGLE
USD/JPY
4H
It looks like a rectangle has been revealed.
A rectangle is a specific signal that can be used to spot a bullish move when price breaks out.
Usdjpy to grind higher towards the 156.2 mark.
PENNANT
EUR/USD
4H
We can see that a pennant is close to being done and eurusd needs a steady move as a clue of a breakout.
A pennant tends to be a reliable price action formation that typically identifies a move up if price breaks out to the the upside.
Eurusd to look for a further push towards the 1.166 mark on a breakout of the pennant.
FALLING WEDGE
Gold
XAU/USD
1H
It looks like a falling wedge has been discovered and the price is ready to break out soon.
A falling wedge describes a reliable bullish formation with a downward bias that typically predicts the more likely potential of rising prices if price breaks through the resistance.
A rangebound towards 4220 is a possibility while above 4200.
RISING WEDGE
Bitcoin
BTC/USD
1H
A rising wedge is close to being finished and btcusd needs a further strong move as a clue of a breakout.
A rising wedge can be thought of as a compelling bearish chart indicator that signals that the price to go short when price collapses through the support line.
Btcusd now looks to 89000 as the cryptocurrency becomes depressed.
PENNANT
Ethereum
ETH/USD
1D
As we can see a pennant is almost completed and the price breaks out.
A pennant is believed to be a useful bullish price signal that is used to identify that the price will rally further once price breaks through the resistance.
A bullish continuation to 3400 is likely to happen.
FALLING WEDGE
GBP/USD
1H
As we can see a falling wedge has been exposed.
If price breaks through the resistance, the resulting move could indicate the more likely potential of rising prices.
Gbpusd points to the upside towards the 1.333 zone as bulls lurking in demand zone.
RISING WEDGE
Ethereum
ETH/USD
1H
It seems like a rising wedge is close to being finished, the price is about to break out now.
A rising wedge provides a compelling bearish chart formation that identifies reversals in uptrends once price collapses through the support line.
Ethusd points to the downside to 3050 on a breakout of the rising wedge as sell-off may continue.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price forms an ascending channel.
An ascending channel tends to be a compelling chart formation that can be used to signal a move down once price breaks through the support.
It is possible that a further bearish price action to 90000 will occur on a breakout of the ascending channel.
RISING WEDGE
EUR/USD
4H
A rising wedge comes out.
A rising wedge often spots a break during an uptrending market in case if price breaks below support.
Further decline to the 1.162 level looks possible as indicators favor bears.
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