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ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle happening and the price asks for a steady move as proof of a breakout.
An ascending triangle typically predicts the more likely potential of rising prices once price breaks out to the the upside.
Eurusd risks a move to 1.121 as the mood may improve.
RECTANGLE
Gold
XAU/USD
1H
It looks like a rectangle is very close to being finished, the price is breaking out.
A rectangle indicates the more likely potential of falling prices once price breaks down.
Gold could attempt a move to 4160 as extra rangebound not ruled out.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
We can see that crude-oil forms an ascending triangle, the price demands a next bigger move as an information of a breakout.
An ascending triangle spots extending an uptrend when price breaks out.
It is not ruled out that a further bullish move to the 95 level will form.
RISING WEDGE
Gold
XAU/USD
4H
It seems like a rising wedge comes out.
A rising wedge spots price reversal after a pause when price breaks below support.
Gold could recede towards the 4160 level on impulse below 4180.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel develops and the price calls for a further move as proof of a breakout.
A descending channel can be thought of as a price pattern with a downward bias that can be used to identify a next move up once price breaks out to the the upside.
Usdjpy risks a move to 158.6.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel exposed.
Once price breaks through the resistance, the resulting move could signal a further move up.
A further bullish move towards 1.12 looks possible as outlook for the currency pair stays positive.
DESCENDING CHANNEL
GBP/USD
1H
The price shapes a descending channel.
Once price breaks out, the resulting move could spot that prices move counter to the prevailing price trend.
Gbpusd to accomodate towards 1.325.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel arising and the price is breaking out.
A descending channel provides a bullish formation that is used to predict a sharp rise once price breaks out to the the upside.
A rangebound to 1.12 looks likely as eurusd becomes supported.
RISING WEDGE
Crude Oil
USOIL
1H
It seems like a rising wedge emerges, crude-oil asks for a move as an indication of a breakout.
A rising wedge is considered to be a bearish price action signal that typically results in that prices move counter to the prevailing price trend in case if price breaks out to the the downside.
Crude-oil tests a move to the 92 level.
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