Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is close to being done.
An ascending channel typically results in price heading to a new direction when price collapses through the support line.
A bearish run to 158 about to be made as upside pressure mitigates.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle developing, the price expects a further active move to confirm a breakout.
A rectangle typically identifies a next move down when price breaks through the support.
Gold to extend the fall to 4100.
RISING WEDGE
Crude Oil
USOIL
1H
It seems like a rising wedge is close to being done and the price breaks out.
A rising wedge typically predicts a trend change to the downside in case if price breakdown occurs.
Crude-oil to slump towards 89 on a breakout of the rising wedge.
ASCENDING TRIANGLE
GBP/USD
4H
An ascending triangle has been distinguished, the price is ready to break out now.
An ascending triangle represents a reliable price pattern that signals prices are likely to keep falling downward when price breaks through the support.
Gbpusd risks extra downside to the 1.32 zone.
ASCENDING TRIANGLE
USD/JPY
4H
There is an ascending triangle found.
In case if price breaks down, the resulting move could spot the bulls have run out of steam.
Usdjpy to accomodate to the 158 mark.
FALLING WEDGE
Crude Oil
USOIL
4H
Crude-oil composes a falling wedge.
If price breaks above resistance, the resulting move could indicate the more likely potential of rising prices.
Crude-oil to move upward to the 91 zone on a breach of 90.5 as door open for a test of 91.
ASCENDING CHANNEL
GBP/USD
1H
An ascending channel pops up and the price is about to break out.
An ascending channel is believed to be a compelling chart pattern that typically predicts a bearish price move if price breaks below support.
Gbpusd violates bullish trendline towards the 1.322 mark.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel has been determined, the price asks for a further steady correction to confirm a breakout.
An ascending channel often spots a potential reversal in price action when price breaks out to the the downside.
Gold looks for a setback towards the 4120 mark.
DESCENDING TRIANGLE
EUR/USD
1H
As we can see the price creates a descending triangle.
A descending triangle typically indicates that the price to go down once price breaks out to the the downside.
It is possible that a bearish push down towards 1.12 will take place as minor hurdle remains at 1.1205.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.