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DESCENDING CHANNEL
EUR/USD
1H
It seems like a descending channel arises and the price is ready to break out soon.
A descending channel results in a change in price direction in case if price breaks above resistance.
It is not ruled out that a bullish price action to the 1.166 mark will form on a breach of 1.164 as the currency pair probes 1.164 hurdle.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel spotted and the price asks for bigger pullback as evidence of a breakout.
An ascending channel is considered to be a technical bearish price action indicator that typically spots a temporary interruption during a rising market when price breaks out.
Usdjpy set to extend its decline towards 158.2 on a breakout of the ascending channel.
RISING WEDGE
Crude Oil
USOIL
1H
As we can see a rising wedge is close to being done.
A rising wedge predicts a next move down if price breakdown occurs.
Crude-oil could recede to 101 as upside pressure seen easing.
FALLING WEDGE
GBP/USD
1H
There is a falling wedge occuring.
A falling wedge identifies an extension in the upward direction in case if price breaks above resistance.
Gbpusd does not rule out a move to 1.34 on a break above 1.336.
ASCENDING CHANNEL
Crude Oil
USOIL
4H
We can see that an ascending channel has been noticed, the price is close to breaking out now.
An ascending channel indicates a break during an uptrending market when price breaks out.
There is a chance of a further move to 100 while below 101.5 as crude-oil becomes vulnerable.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel appearing, the price is close to breaking out.
An ascending channel typically indicates the more likely potential of falling prices once price breaks through the support.
Ethusd embarks on a bearish correction to the 2240 mark on a breach of 2250.
RECTANGLE
Crude Oil
USOIL
1H
There is a rectangle uncovered, crude-oil requires a bullish move for clear breakout confirmation.
A rectangle typically identifies a bullish move if price breaks through the resistance.
There is a possibility of a bullish run towards 102.5.
ASCENDING CHANNEL
GBP/USD
1D
There is an ascending channel developing, the price requests a steady move as an information of a breakdown.
An ascending channel is believed to be a useful price indicator that is used to identify that the price to go down when price breaks out to the the downside.
Gbpusd opens door for a move towards 1.33 as gbpusd failes to keep gains.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
A descending triangle is very close to being finished, the price requires a further steady bearish continuation as evidence of a breakout.
A descending triangle is said to depict a compelling indicator that spots extending an downtrend in case if price breakdown occurs.
Gold pulls away from recent highs to the 4640 level on a downside break.
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