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CANAL DESCENDANT
EUR/USD
1H
There is a descending channel noticed.
A descending channel can be thought of as a technical pattern that has a downward slope that can be used to predict a next move up if price breaks out.
There is a possibility of a bullish continuation towards 1.14 amid rising bets for the move.
DRAPEAU HAUSSIER
GBP/USD
1H
There is a bullish flag found and gbpusd demands a next steady move as an information of a breakout.
A bullish flag often signals a further move up when price breaks above resistance.
Gbpusd to increase bullish potential towards 1.322 as bulls looking for upside correction.
TRIANGLE DESCENDANT
USD/JPY
1H
As we can see a descending triangle materializes.
When price breaks through the resistance, the resulting move could signal a next move up.
Usdjpy to resume its rise to 161.8 as extra rangebound not ruled out.
CANAL DESCENDANT
Bitcoin
BTC/USD
1H
A descending channel has been noticed, btcusd requires an active move as a signal of a breakout.
A descending channel is believed to be a bullish signal that signals a countertrend succeeding the current trend when price breaks through the resistance.
There is a probability of a rangebound to the 63000 level.
CANAL DESCENDANT
Or
XAU/USD
1H
It seems like the price sets up a descending channel.
A descending channel is a compelling indicator that often spots a bullish move if price breaks above resistance.
It is not ruled out that a bullish price action to the 4160 mark will occur once above 4150 as bulls seeking a new high.
TRIANGLE DESCENDANT
USD/JPY
1H
There is a descending triangle materializing.
A descending triangle can be thought of as a price action pattern that typically indicates that the price will rally further if price breaks out to the the upside.
It is not ruled out that a further rangebound to the 161.8 zone will take place while above 161.55 as door open for a test of 161.8.
TRIANGLE SYMÉTRIQUE
GBP/USD
1H
There is a symmetrical triangle happening and the price is close to breaking out now.
If price collapses through the support line, the resulting move could spot a bearish price action.
It is possible that a bearish price action towards the 1.32 mark will take place on a breakout of the symmetrical triangle.
CANAL ASCENDANT
GBP/USD
1H
There is an ascending channel arising, gbpusd needs a steady bearish impulse to confirm a breakdown.
An ascending channel suggests an indicator that can be used to indicate a further move down if price breaks through the support.
It is possible that a bearish price action to 1.32 will happen on a break below 1.322 as the currency pair becomes bearish.
TRIANGLE ASCENDANT
USD/JPY
1H
There is an ascending triangle determined and usdjpy requires a bigger move for clear breakout confirmation.
Once price collapses through the support line, the resulting move could spot a bearish price action.
Corrective downside towards 161.4 looks possible while lower than 161.55 as usdjpy becomes depressed.
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