Open:
High:
Low:
Close:
PENNANT
Crude Oil
USOIL
1H
A pennant is close to being completed, the price is close to breaking out now.
A pennant suggests a reliable bullish signal that is used to predict that the price will rally further when price breaks through the resistance.
It is likely that a bullish continuation to the 99 mark will happen on a upside break as the commodity probes 98.2 hurdle.
DESCENDING TRIANGLE
GBP/USD
1H
A descending triangle occurs and the price is about to break out.
A descending triangle can be thought of as a technical chart indicator that predicts an extension in the downward direction when price breaks out.
Gbpusd to suffer further downside to 1.33.
DESCENDING CHANNEL
USD/JPY
4H
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle recognized, the price demands more push down as a sign of a breakout.
Once price collapses through the support line, the resulting move could indicate a move down.
Gold does not rule out a move to 4160.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle appearing and usdjpy expects a move as a clue of a breakout.
An ascending triangle denotes a compelling formation that signals a bullish price action in case if price breaks above resistance.
Usdjpy to look for a further push towards the 158.4 mark.
PENNANT
Gold
XAU/USD
1H
There is a pennant arising, the price needs a further strong move for the certainty of breakdown.
A pennant is considered to be a specific price signal that can be used to indicate a bearish price move if price collapses through the support line.
It is possible that a rangebound to the 4170 zone will happen.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge identified and the price is close to breaking out.
If price breaks through the resistance, the resulting move could indicate that the price will rally further.
Eurusd looks north to 1.124 on impulse above 1.123.
SYMMETRICAL TRIANGLE
GBP/USD
1H
There is a symmetrical triangle poping up.
A symmetrical triangle describes a compelling signal that typically predicts a bullish move once price breaks out to the the upside.
It is likely that a bullish push up towards the 1.336 level will form once beyond 1.3335.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
There is an ascending channel noticed.
An ascending channel identifies a bearish chart signal that is used to indicate an interruption of an uptrend once price breaks down.
There is a possibility of a bearish run towards 96.
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