Open:
High:
Low:
Close:
RECTANGLE
USD/JPY
1H
A rectangle is close to completion and the price wants steady pullback for clear breakdown confirmation.
When price collapses through the support line, the resulting move could predict an extension in the downward direction.
It is possible that a bearish run towards 159.2 will happen as there is room for a downside correction.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
An ascending triangle has been uncovered.
An ascending triangle represents a reliable bearish chart pattern that can be used to signal a bearish price move when price breakdown occurs.
Crude-oil to resume its downfall to 90 as crude-oil sticks to the negative mood.
DESCENDING CHANNEL
Gold
XAU/USD
1H
We can see that a descending channel occurs.
A descending channel is a reliable price pattern that can be used to indicate the bears have run out of steam once price breaks out.
Gold turns higher towards 4500 on a breakout of the descending channel.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel develops, the price is ready to break out.
A descending channel results in that the price to go long if price breaks above resistance.
Gbpusd embarks on a bullish correction towards the 1.342 zone while above 1.3405 as door open for a test of 1.342.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
There is a descending channel materializing, the price asks for a next strong move as a verification of a breakout.
A descending channel identifies a reliable formation that often indicates a breakout higher when price breaks out to the the upside.
Crude-oil embarks on a bullish correction to 95 as indicators favor bulls.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel revealed and the price wants a more bigger correction as a clue of a breakdown.
An ascending channel is considered to be a technical price action pattern that is angled up that is used to identify a bearish move once price breaks out.
Usdjpy dives out bullish trendline to the 159.3 level as extra rangebound not ruled out.
ASCENDING CHANNEL
USD/JPY
1H
The price establishes an ascending channel and usdjpy demands a bigger bearish action as a signal of a breakout.
An ascending channel typically results in an upward trend is nearing its end if price breaks out to the the downside.
Usdjpy to head to 159.5 on a breakout of the ascending channel as minor hurdle remains at 159.56.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
A descending channel develops, the price is close to breaking out.
A descending channel typically identifies a further move up when price breaks out to the the upside.
Crude-oil to strengthen to the 91 mark once above 90.5.
ASCENDING CHANNEL
Crude Oil
USOIL
1D
There is an ascending channel diagnosed.
An ascending channel is said to depict a price pattern that typically predicts an upward trend is about to reverse into an downward trend in case if price breaks through the support.
It is possible that a move to the 85 mark will happen on a breach of 90 as bears looking for downside correction.
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