Open:
High:
Low:
Close:
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel determined, the price is ready to break out.
Once price breaks out to the the upside, the resulting move could spot a downward trend is about to reverse into an upnward trend.
Gold advances higher towards 4160 as weakness seen overdone.
DESCENDING CHANNEL
USD/JPY
1H
Usdjpy shapes a descending channel, the price is ready to break out.
A descending channel depicts a specific bullish pattern that typically signals an extension in the upward direction in case if price breaks out to the the upside.
Usdjpy challenges a move towards the 158.4 zone.
DESCENDING TRIANGLE
EUR/USD
1H
There is a descending triangle encountered, eurusd wants more bigger rise as a verification of a breakout.
A descending triangle is said to depict a reliable price indicator that spots the bears have run out of steam once price breaks above resistance.
It is possible that a bullish move to 1.124 will form on a breach of 1.1234.
RISING WEDGE
GBP/USD
1H
As we can see a rising wedge has been encountered, the price is about to break out.
A rising wedge identifies a sharp decline if price collapses through the support line.
Gbpusd violates bullish trendline towards the 1.336 level.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
A descending triangle arises.
A descending triangle depicts a reliable pattern that is used to identify a further move up if price breaks through the resistance.
A bullish push up to 4160 stays on the cards.
PENNANT
USD/JPY
1H
Usdjpy shows a pennant.
If price breakdown occurs, the resulting move could spot the more likely potential of falling prices.
A bearish continuation to the 158 mark looks likely on a breach of 158.1.
ASCENDING CHANNEL
Crude Oil
USOIL
4H
There is an ascending channel diagnosed and the price is ready to break out now.
An ascending channel denotes a price indicator that spots a sharp decline once price breaks out.
It is possible that a further bearish run to the 96 zone will be made on a breach of 97.
SYMMETRICAL TRIANGLE
EUR/USD
1H
Eurusd shapes a symmetrical triangle.
If price breaks out to the the downside, the resulting move could identify an extension in the downward direction.
Eurusd is at risk of resuming its decline towards 1.121 on a breach of 1.1222 as the currency pair becomes under pressure.
ASCENDING CHANNEL
EUR/USD
1H
An ascending channel is very close to being finished and the price is breaking out.
An ascending channel suggests a technical price signal that typically predicts that the price to go down in case if price breakdown occurs.
There is a possibility of a rangebound to 1.122.
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