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ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel arising and the price requests an active move to confirm ascending channel breakdown.
An ascending channel describes a bearish price action pattern with an upward bias that is used to signal a change in the prevailing trend in case if price breaks out.
Further decline to 1.158 is likely to happen while below 1.159.
ASCENDING TRIANGLE
USD/JPY
1H
Usdjpy develops an ascending triangle, the price is going to break out now.
Once price breaks out, the move could predict the bears have run out of steam.
Usdjpy to enjoy a considerable gain to the 160.4 level as bulls looking for profit.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel revealed, the price is ready to break out soon.
An ascending channel denotes a useful bearish pattern that typically identifies a potential reversal in price action once price breaks through the support.
Gold could drop towards 4300 on a breakout of the ascending channel.
RISING WEDGE
EUR/USD
1H
As we can see a rising wedge has been encountered, the price is close to breaking out.
A rising wedge is believed to be a compelling bearish price action pattern that typically signals a trend change to the downside when price breaks through the support.
A bearish push down to 1.161 about to be made on a break below 1.161.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel detected, gbpusd demands a next strong move for the certainty of breakout.
An ascending channel is a price signal that can be used to indicate that the price to go short when price breaks below support.
A bearish push down to 1.34 is possible.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel revealed, the price is close to breaking out soon.
A descending channel is said to depict a compelling bullish price pattern that can be used to predict that the price to go up in case if price breaks through the resistance.
Usdjpy to look for a further push to the 160.2 level once above 160.2.
FALLING WEDGE
Crude Oil
USOIL
1H
It seems like a falling wedge turns up and the price lacks a next move to confirm falling wedge breakout.
A falling wedge often indicates that the price to go long if price breaks through the resistance.
A move to 82 is likely to happen as downside pressure mitigates.
RISING WEDGE
GBP/USD
1H
There is a rising wedge observed and the price wants a steady move as a signal of a breakdown.
A rising wedge depicts a bearish price action pattern that has an upward slope that is used to identify a bearish move in case if price breakdown occurs.
Gbpusd set to lose more ground to the 1.342 level on a breakout of the rising wedge as gbpusd failes to keep gains.
ASCENDING TRIANGLE
GBP/USD
4H
As we can see an ascending triangle is observed and the price requests a more bullish action as an information of a breakout.
An ascending triangle provides a reliable bullish price action pattern that is used to signal an extension in the upward direction in case if price breaks out to the the upside.
There is a probability of a move to the 1.344 mark on a breakout of the ascending triangle as bullish momentum increases.
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