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SYMMETRICAL TRIANGLE
GBP/USD
1H
A symmetrical triangle is identified and gbpusd requires a steady correction as an information of a breakout.
A symmetrical triangle denotes a useful formation that is used to indicate a bearish price move if price breakdown occurs.
Gbpusd set to lose more ground towards the 1.3625 level on a breakout of the symmetrical triangle.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel determined and the price asks for a bigger correction as a sign of a breakdown.
An ascending channel can be thought of as a useful signal that can be used to signal an upward trend is about to reverse into an downward trend in case if price breaks out to the the downside.
Extra downside to 4660 is a possibility.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle emerging, the price lacks active rise as evidence of a breakout.
A descending triangle denotes a price signal that typically results in a bullish price move if price breaks out to the the upside.
A bullish push up towards the 1.365 zone is possible on a breakout of the descending triangle.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge revealed, the price is close to breaking out.
A falling wedge can be thought of as a compelling price formation with a downward bias that signals a tendency to break in the opposite direction once price breaks out.
Eurusd aims to complete a retracement towards the 1.167 zone on a upside break.
RISING WEDGE
USD/JPY
1H
The price creates a rising wedge.
If price breaks below support, the move could signal a change in price direction.
There is a chance of a move towards 159 on a breakdown of the rising wedge.
FALLING WEDGE
Crude Oil
USOIL
1H
It seems like a falling wedge is close to completion.
If price breaks above resistance, the resulting move could spot that the price to go up.
Crude-oil to jump to the 86 zone on a upside break as there is room for a upside correction.
RISING WEDGE
Gold
XAU/USD
1H
There is a rising wedge developing, the price demands a bigger correction as evidence of a breakout.
Once price breaks out, the move could spot a trend change to the downside.
Gold turns bearish to the 4660 mark as the commodity becomes vulnerable.
ASCENDING CHANNEL
GBP/USD
4H
There is an ascending channel determined.
An ascending channel is considered to be a technical price signal that typically spots that the price to go down if price breaks through the support.
It is possible that a bearish push down towards 1.362 will take place.
RECTANGLE
Crude Oil
USOIL
1H
There is a rectangle developing.
A rectangle is a useful bearish chart pattern that often identifies a next move down when price breaks out to the the downside.
Crude-oil now looks towards 84.5.
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