Open:
High:
Low:
Close:
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel observed.
An ascending channel identifies a bearish price move in case if price breakdown occurs.
It is not ruled out that a bearish continuation towards 4200 will be made.
RECTANGLE
Gold
XAU/USD
4H
DESCENDING CHANNEL
USD/JPY
1H
As we can see a descending channel has been diagnosed and the price is close to breaking out.
When price breaks out, the resulting move could identify that prices are likely to keep rallying upward.
A rangebound to 158.6 about to be made as risk reversal sheds bearish bias.
BEARISH FLAG
EUR/USD
1H
It seems like a bearish flag is almost completed and eurusd calls for further active pullback as a sign of a breakdown.
Once price breakdown occurs, the resulting move could spot a temporary interruption during a rising market.
Eurusd does not rule out a move towards the 1.119 level on a downside break.
ASCENDING CHANNEL
GBP/USD
1H
Gbpusd establishes an ascending channel.
An ascending channel indicates prices are likely to keep falling downward in case if price collapses through the support line.
Gbpusd is bearish and en route towards 1.321 on a breach of 1.321.
DESCENDING CHANNEL
USD/JPY
1H
Usdjpy creates a descending channel and usdjpy calls for a more bigger move for clear breakout confirmation.
A descending channel is considered to be a useful price action formation that is angled down that results in reversals in downtrends when price breaks above resistance.
A bullish push up to 158.4 is on the way on impulse above 158.3.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
We can see that btcusd completes a descending channel and the price requests a more move as a signal of a breakout.
If price breaks through the resistance, the move could signal a potential reversal in price action.
Btcusd to push up towards 83000 as door open for a test of 83000.
RECTANGLE
GBP/USD
1H
There is a rectangle occuring and the price is about to break out.
A rectangle provides a compelling price action signal that signals that the price to go long once price breaks through the resistance.
Gbpusd looks ready to further extend its gains to the 1.324 zone.
DESCENDING CHANNEL
Gold
XAU/USD
4H
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