Open:
High:
Low:
Close:
BEARISH RECTANGLE
Crude Oil
USOIL
1H
It seems like a bearish rectangle is nearing completion, the price breaks out.
A bearish rectangle describes a specific bearish price formation that is used to identify a next move down when price breaks down.
Crude-oil to experience further corrective weakness towards 74.
RECTANGLE
EUR/USD
1H
A rectangle forms.
A rectangle is believed to be a useful price action indicator that often results in that the price to go down once price breaks down.
There is a probability of a move to 1.158.
BEARISH FLAG
EUR/USD
4H
A bearish flag has been observed and the price expects bigger fall as proof of a breakdown.
A bearish flag is considered to be a price formation that is used to identify extending an downtrend if price breaks out.
Eurusd now looks towards 1.156 while below 1.158.
ASCENDING CHANNEL
Gold
XAU/USD
4H
There is an ascending channel forming.
An ascending channel often identifies prices are likely to keep falling downward in case if price breaks out to the the downside.
Gold to increase bearish potential to 4200 as bears seeking a new low.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It seems like gold develops an ascending channel and the price is ready to break out soon.
An ascending channel depicts a useful bearish price action pattern that is used to signal the more likely potential of falling prices if price collapses through the support line.
Gold risks extending drop towards the 4330 mark as the commodity challenges 4335 hurdle.
DESCENDING CHANNEL
USD/JPY
4H
A descending channel is revealed.
A descending channel is considered to be a reliable bullish formation with a downward bias that can be used to identify that the price to go up in case if price breaks out.
It is possible that a rangebound to 160.6 will form once above 160.5.
FALLING WEDGE
USD/JPY
1H
A falling wedge is very close to being completed.
When price breaks out to the the upside, the move could indicate a temporary interruption during a falling market.
A further bullish price action to the 160.4 mark looks possible on a breach of 160.32 as minor hurdle remains at 160.32.
ASCENDING CHANNEL
GBP/USD
4H
Gbpusd builds an ascending channel and gbpusd requires a more strong bearish move as evidence of a breakdown.
Once price breaks out to the the downside, the resulting move could signal a bearish price move.
Gbpusd set to extend its decline towards 1.336 as the currency pair becomes depressed.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is close to being complete.
In case if price breaks out, the move could predict a move up.
It is not ruled out that a bullish price action to 1800 will take place as bullish momentum increases.
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