Open:
High:
Low:
Close:
RECTANGLE
Gold
XAU/USD
1H
It looks like a rectangle is almost finished, gold asks for a strong move as an information of a breakdown.
Once price breaks out, the move could identify prices are likely to keep falling downward.
It is possible that a rangebound to the 4510 mark will occur.
RECTANGLE
GBP/USD
1H
There is a rectangle arising.
A rectangle is considered to be a reliable bearish price action formation that can be used to identify a move down once price breakdown occurs.
A bearish price action towards the 1.346 mark is not ruled out on a breach of 1.3472 as gbpusd keeps the bid tone.
FALLING WEDGE
Ethereum
ETH/USD
1H
A falling wedge is almost finished, the price calls for next bigger rise to confirm a breakout.
A falling wedge tends to be a reliable price action signal that can be used to predict extending an uptrend once price breaks above resistance.
A bullish continuation to 2100 looks possible.
BULLISH FLAG
EUR/USD
1H
It seems like a bullish flag has been observed and eurusd requests a next active move as an information of a breakout.
A bullish flag tends to be a price indicator that identifies the more likely potential of rising prices if price breaks above resistance.
Eurusd to increase bullish potential towards 1.1645 on a breakout of the bullish flag.
ASCENDING CHANNEL
Gold
XAU/USD
1H
Gold forms an ascending channel.
An ascending channel is considered to be a specific price action indicator that can be used to predict a next move down in case if price breakdown occurs.
There is a probability of a bearish continuation to the 4500 level.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle poping up, gold demands a correction as an indication of a breakdown.
A rectangle denotes a compelling pattern that is used to predict extending an downtrend when price breaks through the support.
There is a chance of a bearish push down to the 4520 level.
DESCENDING CHANNEL
USD/JPY
1H
It seems like a descending channel is discovered.
A descending channel is believed to be a technical bullish price action signal that typically predicts a move up if price breaks out.
Usdjpy to recover bullish potential towards 159.2 on a breach of 159.14 as downside pressure alleviates.
PENNANT
EUR/USD
4H
It seems like a pennant is close to completion, eurusd asks for rise for clear breakout confirmation.
A pennant depicts a compelling bullish price action formation that indicates a bullish price action when price breaks out.
Eurusd tests a move towards 1.166 amid eurusd recovers from recent lows.
ASCENDING CHANNEL
EUR/USD
1H
An ascending channel materializes and the price is close to breaking out now.
Once price breaks down, the move could indicate a next move down.
Eurusd risks suffer setback towards the 1.163 mark.
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