There is an ascending channel materializing, the price is ready to break out.
An ascending channel typically results in the more likely potential of falling prices in case if price breaks out.
It is likely that corrective downside to the 0.675 level will occur on impulse below 0.676.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Jun 12
There is a descending channel turning up.
A descending channel describes a price pattern that is used to spot a next move up in case if price breaks out to the the upside.
A bullish continuation towards the 0.6615 mark is a possibility as bulls lurking in demand zone.
AUD/USD: Ascending Triangle
AUD/USD,
4 hours
SHORT
Jan 31
An ascending triangle is found.
An ascending triangle provides a specific chart formation that is used to spot the more likely potential of falling prices when price breaks out.
It is not ruled out that corrective downside to 0.656 will be made.
AUD/USD: Ascending Channel
AUD/USD,
1 day
SHORT
Oct 10
An ascending channel is exposed, the price wants a bigger move as evidence of a breakout.
An ascending channel is considered to be a pattern that signals a further move down once price collapses through the support line.
AUD/USD turns lower towards the 0.67 mark.
AUD/USD: Descending Channel
AUD/USD,
4 hours
LONG
3 days ago
It looks like a descending channel is very close to being finished, the price is ready to break out now.
In case if price breaks above resistance, the resulting move could signal a next move up.
AUD/USD to look for a further push towards the 0.65 zone once above 0.646 as bullish momentum increases.
AUD/USD: Descending Triangle
AUD/USD,
1 hour
LONG
3 days ago
It looks like a descending triangle is encountered and the price needs a more move as an information of a breakout.
A descending triangle can be thought of as a technical bullish price action signal that results in a bullish price move in case if price breaks above resistance.
AUD/USD is bullish and en route to 0.648 once beyond 0.6476.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Sep 6
An ascending channel is close to being done, the price is about to break out.
An ascending channel is a bearish formation with an upward bias that is used to spot that the price to go down in case if price breaks through the support.
It is likely that a rangebound towards 0.6725 will be made while below 0.6728 amid rising bets for the move.
AUD/USD: Descending Triangle
AUD/USD,
1 hour
LONG
Dec 13
There is a descending triangle coming out, the price expects a next active move to confirm a breakout.
A descending triangle describes a bullish chart formation that is used to indicate that the price to go up when price breaks above resistance.
AUD/USD does not rule out a move to 0.658 on a breakout of the descending triangle as AUD/USD nears 0.6565 hurdle.
AUD/USD: Rising Wedge
AUD/USD,
1 day
SHORT
Oct 9
A rising wedge emerges and the price breaks out soon.
A rising wedge often spots a move down when price breaks down.
A bearish price action to 0.67 is on the way on a breach of 0.674 as weakness continues.
AUD/USD: Bearish Flag
AUD/USD,
1 hour
SHORT
Mar 18
There is a bearish flag occuring and the price is close to breaking out now.
A bearish flag indicates a sharp decline in case if price breakdown occurs.
AUD/USD risks extra losses towards 0.6555.
AUD/USD: Bullish Rectangle
AUD/USD,
1 hour
LONG
Sep 18
It seems like AUD/USD composes a bullish rectangle and AUD/USD lacks a further active bullish move as a sign of a breakout.
A bullish rectangle typically spots a bullish price move in case if price breaks out.
A bullish price action to 0.678 stays on the cards.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Mar 20
A descending channel is close to being complete, the price expects a more strong bullish move as a clue of a breakout.
A descending channel is a technical bullish price action signal that signals a pause in a downtrending market when price breaks out to the the upside.
It is likely that a rangebound to the 0.654 level will be made on a breakout of the descending channel amid rising bets for the move.
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.
AUD/USD