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BEARISH FLAG
AUD/USD
4H
There is a bearish flag observed, the price is close to breaking out.
Once price collapses through the support line, the move could identify a next move down.
Audusd hints a change to the downside to the 0.7 zone as bearish momentum increases.
ASCENDING CHANNEL
AUD/USD
4H
It seems like an ascending channel pops up.
When price breaks below support, the resulting move could spot reversals in uptrends.
There is a chance of a bearish push down to 0.706 as extra rangebound not ruled out.
RECTANGLE
AUD/USD
1H
As we can see a rectangle happens and the price is breaking out.
A rectangle spots extending an downtrend when price breaks below support.
Audusd now looks towards 0.7055.
DESCENDING TRIANGLE
AUD/USD
1H
As we can see a descending triangle is almost done, audusd needs a strong impulse up to confirm a breakout.
A descending triangle often spots that the price will rally further when price breaks out to the the upside.
Audusd embarks on a bullish correction towards 0.707 on a breach of 0.7062.
ASCENDING CHANNEL
AUD/USD
1H
It looks like an ascending channel forms and audusd calls for a move as an indication of a breakdown.
An ascending channel can be thought of as a specific bearish indicator that is used to predict prices are likely to keep falling downward once price breaks through the support.
It is likely that a move towards 0.705 will happen on a breakout of the ascending channel.
BULLISH FLAG
AUD/USD
1H
It seems like audusd shows a bullish flag and the price is ready to break out now.
A bullish flag represents a compelling bullish chart indicator that can be used to indicate a move up when price breaks above resistance.
There is a possibility of a move to the 0.708 zone once beyond 0.7076.
RECTANGLE
AUD/USD
1H
There is a rectangle arising.
A rectangle typically signals the bulls have run out of steam if price breaks below support.
Audusd risks further downside towards 0.706 on a breach of 0.706.
RISING WEDGE
AUD/USD
1H
There is a rising wedge developing, audusd requests a next steady impulse down as a clue of a breakdown.
If price collapses through the support line, the resulting move could predict a move down.
It is likely that a bearish move towards 0.706 will occur on a breakout of the rising wedge.
RISING WEDGE
AUD/USD
1H
There is a rising wedge recognized and the price breaks out now.
A rising wedge can be thought of as a bearish pattern that identifies a change in the prevailing trend when price collapses through the support line.
Corrective downside towards the 0.707 level is on the way on a breakout of the rising wedge.
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