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ASCENDING TRIANGLE
Crude Oil
USOIL
1H
It looks like crude-oil sets up an ascending triangle, the price wants a further steady move as an information of a breakout.
An ascending triangle predicts a bullish price move if price breaks out to the the upside.
There is a probability of a further bullish run to the 64.5 zone on impulse above 64.2.
ASCENDING CHANNEL
GBP/USD
1H
An ascending channel is almost finished, the price is ready to break out.
An ascending channel tends to be a useful chart signal that can be used to spot a next move down when price breaks out.
It is possible that a further bearish run towards 1.364 will happen.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel found, the price breaks out.
In case if price breaks below support, the resulting move could spot a further move down.
Gold tests a move to 4900 on a breakdown of the ascending channel.
ASCENDING CHANNEL
GBP/USD
1H
We can see that the price shapes an ascending channel.
An ascending channel can be thought of as a specific bearish chart signal that spots a bearish price action once price breaks down.
It is possible that a bearish push down towards 1.366 will occur on a breach of 1.368 as the currency pair becomes weak.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel noticed and the price is breaking out.
An ascending channel provides a compelling chart signal that can be used to identify a next move down once price breaks below support.
A further rangebound to the 5000 mark is possible as gold looks offered.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It seems like the price forms an ascending channel and the price is breaking out.
Once price breaks out, the resulting move could signal a bearish move.
Crude-oil could extend its slump towards the 63 level.
BEARISH FLAG
Gold
XAU/USD
1H
It seems like a bearish flag has been identified and gold expects a next active impulse down as an indication of a breakout.
A bearish flag predicts a pause in an uptrending market if price breaks through the support.
Gold now looks to the 5000 zone as indicators turn bearish.
RISING WEDGE
EUR/USD
1H
A rising wedge has been distinguished, the price is ready to break out now.
A rising wedge spots prices are likely to keep falling downward when price breaks out.
Eurusd to accomodate to 1.182 on a breach of 1.1828 as risk reversal sheds bullish bias.
RISING WEDGE
GBP/USD
1H
It seems like gbpusd develops a rising wedge and the price is close to breaking out.
If price breaks down, the move could spot a next move down.
There is a chance of a rangebound to 1.37 amid gbpusd recedes from recent highs.
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