Open:
High:
Low:
Close:
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It looks like the price shows an ascending channel, crude-oil asks for a more active move as evidence of a breakdown.
If price breaks below support, the resulting move could predict a breakdown is likely to occur.
A bearish move towards the 90 mark is likely on a breach of 91.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel is close to being done and gbpusd lacks a further steady impulse up as a verification of a breakout.
When price breaks above resistance, the move could signal a further move up.
A bullish move to 1.323 is probable.
RECTANGLE
USD/JPY
1H
We can see that a rectangle is determined.
A rectangle often spots a bearish price action if price breaks through the support.
Usdjpy to extend the fall to the 157.6 level on impulse below 157.75 as the currency pair becomes weak.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
An ascending triangle develops, the price is close to breaking out soon.
An ascending triangle often indicates a next move down in case if price collapses through the support line.
It is likely that a move to 4120 will form once below 4130.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel observed and the price is breaking out.
A descending channel predicts extending an uptrend when price breaks out.
There is a probability of a bullish run towards 158.4 on a breach of 158.3.
ASCENDING CHANNEL
USD/JPY
4H
An ascending channel forms.
If price breaks out, the resulting move could indicate a countertrend succeeding the current trend.
Usdjpy to prolong the corrective phase to the 157.6 level on a breakout of the ascending channel.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle developing and the price is breaking out.
A descending triangle signals a move up in case if price breaks above resistance.
A bullish push up to the 4160 mark is a possibility on a upside break.
DESCENDING TRIANGLE
EUR/USD
1H
A descending triangle is close to completion, the price is breaking out.
A descending triangle results in a further move up if price breaks out to the the upside.
Eurusd to continue higher to 1.122 on a breakout of the descending triangle as door open for a test of 1.122.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel taking place and gbpusd requires an impulse up as a clue of a breakout.
A descending channel is a technical bullish indicator that can be used to predict a bullish price move once price breaks above resistance.
Gbpusd dives out bearish trendline towards the 1.322 zone.
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