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DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel recognized and the price is breaking out.
A descending channel tends to be a technical bullish chart indicator that signals a further move up when price breaks through the resistance.
Eurusd to maintain its positive tone to the 1.171 zone on a break above 1.1705.
FALLING WEDGE
GBP/USD
1H
We can see that a falling wedge has been revealed and gbpusd needs a bigger bullish action as an indication of a breakout.
A falling wedge can be thought of as a pattern that identifies a break during a downtrending market in case if price breaks above resistance.
A bullish push up towards 1.352 is going to happen.
ASCENDING CHANNEL
USD/JPY
4H
There is an ascending channel arising, the price is ready to break out.
An ascending channel identifies a useful bearish price action signal that typically results in a potential bearish reversal in price action when price breakdown occurs.
Usdjpy turns lower towards 159 on a breakout of the ascending channel.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel develops, the price is ready to break out.
When price breaks through the resistance, the move could indicate the more likely potential of rising prices.
There is a possibility of a bullish continuation to the 1.17 zone.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
The price shapes an ascending triangle and the price expects a more active bullish move to confirm a breakout.
An ascending triangle often spots that the price to go up if price breaks out.
Gold to enjoy a considerable gain towards 4640 on a breach of 4615.
DESCENDING CHANNEL
EUR/USD
1H
We can see that eurusd develops a descending channel.
A descending channel denotes a specific price action indicator that can be used to identify a further move up in case if price breaks out.
A move to the 1.169 level is about to happen as door open for the continuation of the uptrend.
BULLISH FLAG
GBP/USD
1H
A bullish flag has been exposed, gbpusd asks for a next steady bullish action as evidence of a breakout.
In case if price breaks out, the move could signal a further move up.
Gbpusd points to the upside to 1.35.
RISING WEDGE
USD/JPY
1H
There is a rising wedge taking place.
A rising wedge typically indicates a bearish price move when price breaks through the support.
There is a probability of a rangebound towards the 159.5 mark.
DESCENDING CHANNEL
Gold
XAU/USD
4H
There is a descending channel occuring.
A descending channel is said to depict a bullish indicator that typically predicts a move up if price breaks through the resistance.
Gold embarks on a bullish correction towards the 4700 level on a breakout of the descending channel.
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