Open:
High:
Low:
Close:
FALLING WEDGE
EUR/USD
1H
There is a falling wedge revealed, the price is close to breaking out.
A falling wedge can be thought of as a compelling price formation with a downward bias that signals a tendency to break in the opposite direction once price breaks out.
Eurusd aims to complete a retracement towards the 1.167 zone on a upside break.
RISING WEDGE
USD/JPY
1H
The price creates a rising wedge.
If price breaks below support, the move could signal a change in price direction.
There is a chance of a move towards 159 on a breakdown of the rising wedge.
FALLING WEDGE
Crude Oil
USOIL
1H
It seems like a falling wedge is close to completion.
If price breaks above resistance, the resulting move could spot that the price to go up.
Crude-oil to jump to the 86 zone on a upside break as there is room for a upside correction.
RISING WEDGE
Gold
XAU/USD
1H
There is a rising wedge developing, the price demands a bigger correction as evidence of a breakout.
Once price breaks out, the move could spot a trend change to the downside.
Gold turns bearish to the 4660 mark as the commodity becomes vulnerable.
ASCENDING CHANNEL
GBP/USD
4H
There is an ascending channel determined.
An ascending channel is considered to be a technical price signal that typically spots that the price to go down if price breaks through the support.
It is possible that a bearish push down towards 1.362 will take place.
RECTANGLE
Crude Oil
USOIL
1H
There is a rectangle developing.
A rectangle is a useful bearish chart pattern that often identifies a next move down when price breaks out to the the downside.
Crude-oil now looks towards 84.5.
PENNANT
EUR/USD
1H
As we can see a pennant is very close to being completed.
A pennant can be thought of as a technical price signal that spots a bearish price action if price breaks out.
It is likely that a further move towards 1.167 will be made while below 1.1676 as upside pressure mitigates.
ASCENDING CHANNEL
EUR/USD
4H
There is an ascending channel uncovered, the price is going to break out soon.
When price breaks out, the resulting move could identify a breakdown is likely to occur.
There is a probability of a bearish price action to the 1.165 mark on a breakdown of the ascending channel.
PENNANT
USD/JPY
1H
A pennant has been recognized and usdjpy calls for a more move as a signal of a breakout.
A pennant results in a further move up in case if price breaks out to the the upside.
There is a probability of a bullish run to 159.2.
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