Open:
High:
Low:
Close:
DESCENDING CHANNEL
EUR/USD
1H
As we can see a descending channel has been found, eurusd lacks a move as an information of a breakout.
A descending channel depicts a bullish price indicator that is used to spot a further move up if price breaks out to the the upside.
It is not ruled out that a further bullish run to 1.165 will occur.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel occuring and the price is going to break out now.
A descending channel spots reversals in downtrends in case if price breaks above resistance.
Gbpusd to head to the 1.34 mark as gbpusd sticks to the positive mood.
ASCENDING CHANNEL
Gold
XAU/USD
4H
There is an ascending channel emerging and gold calls for a bigger correction as an information of a breakdown.
An ascending channel is a price pattern with an upward bias that often identifies an interruption of an uptrend when price breakdown occurs.
Gold risks further decline towards the 5200 level on a breakout of the ascending channel.
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle is almost finished, the price requests a next active move for clear breakout confirmation.
An ascending triangle is a specific bullish price action indicator that often results in that prices are likely to keep rallying upward when price breaks out.
A move to 158 is likely to happen.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
A descending triangle takes place, gold asks for a strong move to confirm descending triangle breakdown.
A descending triangle indicates that the price to go short when price breakdown occurs.
There is a chance of a bearish run towards 5250.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle poping up, gbpusd requests steady pullback as an indication of a breakout.
A descending triangle often identifies the more likely potential of falling prices if price breaks out.
Gbpusd to slide towards the 1.332 mark on a breach of 1.334.
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle is close to being finished and the price requires a further active correction for clear breakdown confirmation.
An ascending triangle is said to depict a useful bearish price indicator that is used to indicate a move down when price breaks below support.
It is possible that a bearish continuation to 157 will be made.
PENNANT
GBP/USD
1H
A pennant appears, gbpusd requires a bigger move as a sign of a breakout.
A pennant provides a reliable bearish price action signal that spots a sharp decline in case if price breaks out.
Gbpusd to accomodate towards 1.335.
ASCENDING CHANNEL
USD/JPY
1H
Usdjpy shapes an ascending channel and the price requests pullback for the certainty of breakdown.
An ascending channel typically spots that the price to go down when price breakdown occurs.
Usdjpy to extend the correction lower to 157 on a breakout of the ascending channel.
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