Open:
High:
Low:
Close:
DESCENDING CHANNEL
EUR/USD
4H
There is a descending channel coming out, eurusd demands rise for clear breakout confirmation.
When price breaks above resistance, the resulting move could indicate a further move up.
It is possible that a bullish move to 1.165 will happen as the currency pair becomes bullish.
RECTANGLE
EUR/USD
1H
A rectangle has been discovered, the price is about to break out soon.
A rectangle is said to depict a bullish price signal that signals the bears have run out of steam once price breaks above resistance.
A bullish run towards the 1.163 zone looks probable on a breach of 1.1626 as eurusd nears 1.1626 hurdle.
DESCENDING CHANNEL
Gold
XAU/USD
1H
We can see that a descending channel is close to completion.
A descending channel denotes a bullish price action indicator that is used to identify a downward trend is about to reverse into an upnward trend in case if price breaks above resistance.
There is a probability of a bullish push up towards 4520 on a breach of 4500 as the mood may improve.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle emerging and the price is ready to break out.
If price breakdown occurs, the resulting move could predict a bearish move.
Usdjpy risks extending drop to the 158.8 mark on a breach of 158.9 as outlook for usdjpy stays negative.
FALLING WEDGE
GBP/USD
1H
A falling wedge develops.
A falling wedge often identifies an extension in the upward direction if price breaks out.
It is possible that a bullish continuation towards 1.341 will occur while above 1.3398.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel distinguished and the price is going to break out.
A descending channel is believed to be a technical chart formation with a downward bias that is used to identify a next move up if price breaks out.
Eurusd to accomodate towards 1.162 on impulse above 1.1605.
RECTANGLE
Crude Oil
USOIL
1H
We can see that crude-oil gives a rectangle, crude-oil demands an active move for clear breakdown confirmation.
A rectangle predicts extending an downtrend if price breakdown occurs.
It is possible that a bearish move towards 101.5 will occur on a breach of 101.8.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge identified.
A falling wedge provides a bullish formation that typically indicates that the price to go up in case if price breaks above resistance.
A move to 4500 is not ruled out.
SYMMETRICAL TRIANGLE
USD/JPY
1H
A symmetrical triangle has been diagnosed.
A symmetrical triangle spots an extension in the upward direction in case if price breaks out.
A bullish push up to 159.2 is going to happen on a breakout of the symmetrical triangle as extra rangebound not ruled out.
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