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BULLISH FLAG
Gold
XAU/USD
1H
A bullish flag is close to being done, gold expects a strong move as an indication of a breakout.
A bullish flag identifies a bullish formation that is used to indicate a countertrend succeeding the current trend once price breaks out to the the upside.
Gold to jump towards 4080 as risk reversal sheds bearish bias.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel is close to being done and the price is going to break out.
A descending channel results in a move up when price breaks out to the the upside.
Usdjpy looks ready to further extend its gains towards 158.6 as downside pressure seen easing.
DESCENDING CHANNEL
USD/JPY
1H
We can see that a descending channel has been spotted.
A descending channel identifies a technical bullish pattern with a downward bias that often predicts that prices move counter to the prevailing price trend if price breaks out.
A bullish run towards the 158.6 zone is going to happen amid usdjpy reclaims part of the ground lost.
BEARISH FLAG
Crude Oil
USOIL
1H
The price builds a bearish flag.
A bearish flag identifies a pattern with an upward bias that typically results in a bearish move once price collapses through the support line.
There is a possibility of a further move to 89 on impulse below 90.2 as the commodity probes 90.2 hurdle.
DESCENDING CHANNEL
USD/JPY
1H
The price establishes a descending channel.
A descending channel provides a reliable bullish signal that often predicts a bullish price move once price breaks out.
It is likely that a bullish push up towards the 158.2 level will occur as usdjpy becomes supported.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
It seems like an ascending triangle emerges.
An ascending triangle provides a specific bullish price action pattern that often identifies an extension in the upward direction if price breaks above resistance.
Crude-oil hints a change to the upside to 92.
ASCENDING CHANNEL
EUR/USD
4H
There is an ascending channel recognized.
In case if price breakdown occurs, the move could signal a tendency to break in the opposite direction.
There is a possibility of a bearish run to 1.115 while below 1.12 as sell-off may continue.
RECTANGLE
EUR/USD
1H
There is a rectangle found, the price is breaking out.
A rectangle typically spots that the price to go short if price collapses through the support line.
A further move towards the 1.12 mark is on the cards on a breakout of the rectangle as bearish momentum increases.
PENNANT
Gold
XAU/USD
1H
A pennant is exposed, the price is ready to break out.
Once price breaks down, the resulting move could identify a sharp decline.
Gold challenges a move to 4080 on a breakdown of the pennant.
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