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Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Mar 28
We can see that XAU/USD develops an ascending triangle and the price is going to break out now.
An ascending triangle identifies a useful price action signal that can be used to identify a further move up in case if price breaks out to the the upside.
XAU/USD to look for a further push towards the 2220 level on a breach of 2216.
Gold: Descending Triangle
XAU/USD,
1 day
LONG
Feb 29
There is a descending triangle materializing and the price demands a next move as a sign of a breakout.
In case if price breaks above resistance, the move could indicate extending an uptrend.
XAU/USD to have better chances of advancing towards 2060.
Crude Oil: Rectangle
USOIL,
1 hour
SHORT
Feb 23
A rectangle comes out, the price breaks out soon.
A rectangle is considered to be a technical formation that typically identifies a bearish move in case if price breaks below support.
Decline towards 77.6 is about to happen on a break below 77.7 amid USOIL recedes from recent highs.
Gold: Pennant
XAU/USD,
4 hours
LONG
Mar 26
It seems like a pennant is close to being done, the price lacks a next move as a verification of a breakout.
A pennant identifies a useful signal that typically predicts the more likely potential of rising prices once price breaks out to the the upside.
XAU/USD points to the upside towards the 2190 zone on a breakout of the pennant as downside pressure alleviates.
Crude Oil: Bearish Flag
USOIL,
1 hour
SHORT
Feb 23
It looks like a bearish flag has been diagnosed.
When price breaks down, the resulting move could indicate a bearish price move.
USOIL opens door for a move to the 78 zone.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
May 20
A descending channel arises, ETH/USD calls for a next move for clear breakout confirmation.
A descending channel is said to depict a compelling bullish price action indicator that often signals a breakout higher once price breaks out to the the upside.
It is not ruled out that a bullish push up to 3140 will take place on a upside break.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
21 hours ago
As we can see BTC/USD builds a rectangle, the price is ready to break out soon.
A rectangle is considered to be a technical chart signal that can be used to indicate the more likely potential of rising prices in case if price breaks through the resistance.
BTC/USD opens door for a move to 101000.
Crude Oil: Ascending Triangle
USOIL,
1 hour
SHORT
Feb 23
There is an ascending triangle identified and the price asks for a next move as a clue of a breakdown.
Once price breaks below support, the resulting move could indicate the more likely potential of falling prices.
A bearish continuation to 78 is about to happen.
GBP/USD: Bearish Rectangle
GBP/USD,
1 day
SHORT
Jan 3
There is a bearish rectangle determined and the price needs a more steady move as a verification of a breakdown.
A bearish rectangle identifies that the price to go short when price breaks out.
It is not ruled out that a bearish run to 1.245 will be made as weakness continues.
EUR/USD: Descending Channel
EUR/USD,
1 hour
LONG
22 hours ago
A descending channel is close to completion, the price breaks out now.
A descending channel results in a change in price direction in case if price breaks above resistance.
It is possible that a further rangebound towards 1.031 will be made on a break above 1.0302.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Feb 29
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
3 days ago
There is a descending channel appearing.
A descending channel provides a reliable bullish price action indicator that predicts a bullish move in case if price breaks out.
BTC/USD embarks on a bullish correction to the 96000 zone on a breakout of the descending channel as door open for the continuation of the uptrend.