Open:
High:
Low:
Close:
DESCENDING CHANNEL
EUR/USD
1H
A descending channel develops, the price is ready to break out.
When price breaks through the resistance, the move could indicate the more likely potential of rising prices.
There is a possibility of a bullish continuation to the 1.17 zone.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
The price shapes an ascending triangle and the price expects a more active bullish move to confirm a breakout.
An ascending triangle often spots that the price to go up if price breaks out.
Gold to enjoy a considerable gain towards 4640 on a breach of 4615.
DESCENDING CHANNEL
EUR/USD
1H
We can see that eurusd develops a descending channel.
A descending channel denotes a specific price action indicator that can be used to identify a further move up in case if price breaks out.
A move to the 1.169 level is about to happen as door open for the continuation of the uptrend.
BULLISH FLAG
GBP/USD
1H
A bullish flag has been exposed, gbpusd asks for a next steady bullish action as evidence of a breakout.
In case if price breaks out, the move could signal a further move up.
Gbpusd points to the upside to 1.35.
RISING WEDGE
USD/JPY
1H
There is a rising wedge taking place.
A rising wedge typically indicates a bearish price move when price breaks through the support.
There is a probability of a rangebound towards the 159.5 mark.
DESCENDING CHANNEL
Gold
XAU/USD
4H
There is a descending channel occuring.
A descending channel is said to depict a bullish indicator that typically predicts a move up if price breaks through the resistance.
Gold embarks on a bullish correction towards the 4700 level on a breakout of the descending channel.
ASCENDING CHANNEL
USD/JPY
4H
An ascending channel happens, the price is about to break out.
An ascending channel is believed to be a compelling price formation that has an upward slope that typically predicts an upward trend is nearing its end if price breaks out.
A bearish price action towards 159 looks probable on a breach of 159.4 as the currency pair becomes depressed.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
The price sets up an ascending channel.
An ascending channel represents a technical price formation that is used to signal a bullish-to-bearish trend reversal in case if price breaks through the support.
It is not ruled out that a bearish push down towards 106 will happen.
PENNANT
GBP/USD
4H
As we can see a pennant has been detected.
A pennant often signals the more likely potential of falling prices when price breaks below support.
Extra downside to 1.346 about to be made.
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