Open:
High:
Low:
Close:
ASCENDING CHANNEL
Crude Oil
USOIL
1H
There is an ascending channel coming out and the price is going to break out.
An ascending channel suggests a compelling bearish price indicator that indicates a bearish move if price breakdown occurs.
A further move towards 93 is not ruled out.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel has been determined and eurusd needs a more move to confirm descending channel breakout.
A descending channel identifies a reliable formation that can be used to indicate a downward trend is nearing its end in case if price breaks above resistance.
Eurusd to peak to 1.172.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge exposed and the price demands a strong move as an information of a breakout.
A falling wedge suggests a specific bullish chart pattern that indicates a countertrend succeeding the current trend once price breaks above resistance.
Gold points to the upside to the 4720 level.
ASCENDING CHANNEL
USD/JPY
1H
As we can see an ascending channel is exposed, the price demands a further strong move for the certainty of breakout.
An ascending channel typically predicts price reversal after a pause if price breaks down.
Usdjpy to push down to 159.4.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
Ethusd forms a descending triangle and the price expects a strong move to confirm descending triangle breakout.
A descending triangle denotes a useful price action indicator that can be used to signal a further move up when price breaks above resistance.
Ethusd to continue higher to the 2340 mark on impulse above 2325.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel turning up and gbpusd requires a more bigger impulse up for clear breakout confirmation.
A descending channel provides a reliable chart signal that often results in an extension in the upward direction once price breaks out to the the upside.
A rangebound to the 1.352 level is possible.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
There is an ascending channel noticed.
An ascending channel denotes a bearish signal that can be used to indicate a bearish move once price breaks below support.
Crude-oil set to fall to 94.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel materializes.
A descending channel denotes a signal that can be used to identify that prices are likely to keep rallying upward when price breaks through the resistance.
A bullish continuation to 1.17 is going to happen as the currency pair becomes supported.
FALLING WEDGE
GBP/USD
4H
A falling wedge is close to being complete.
A falling wedge depicts a chart indicator that can be used to predict a temporary interruption during a falling market in case if price breaks above resistance.
There is a chance of a bullish run towards 1.35 as outlook for the currency pair stays positive.
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