Open:
High:
Low:
Close:
ASCENDING TRIANGLE
AUD/USD
1H
There is an ascending triangle poping up, audusd wants a more move for clear breakout confirmation.
Once price collapses through the support line, the resulting move could spot the more likely potential of falling prices.
Corrective downside towards the 0.7205 level is probable on impulse below 0.7211.
ASCENDING CHANNEL
AUD/USD
1H
Audusd sets up an ascending channel, the price demands a more move for the certainty of breakout.
An ascending channel is considered to be a reliable price action formation that is angled up that signals a breakdown is likely to occur when price breaks through the support.
Audusd points to the downside to the 0.7215 level.
DESCENDING TRIANGLE
AUD/USD
1H
There is a descending triangle detected and the price demands an active move for the certainty of breakout.
A descending triangle tends to be a chart formation that is used to indicate extending an uptrend once price breaks through the resistance.
Audusd points to the upside to 0.722.
RISING WEDGE
AUD/USD
1H
There is a rising wedge noticed, the price is close to breaking out soon.
A rising wedge is believed to be a price pattern that is used to predict extending an downtrend when price breaks out to the the downside.
Audusd pulls back towards the 0.72 zone as the currency pair loses bullish momentum.
BULLISH FLAG
AUD/USD
4H
There is a bullish flag materializing.
A bullish flag results in a bearish-to-bullish trend reversal if price breaks through the resistance.
It is possible that a rangebound towards 0.72 will occur as bulls looking for upside correction.
BULLISH FLAG
AUD/USD
4H
Audusd gives a bullish flag, audusd requires a more strong move for clear breakout confirmation.
A bullish flag indicates a sharp rise when price breaks through the resistance.
It is possible that a bullish move towards 0.718 will occur.
DESCENDING CHANNEL
AUD/USD
1H
We can see that a descending channel is close to being completed and the price is ready to break out.
A descending channel is believed to be a reliable bullish pattern with a downward bias that can be used to predict a further move up if price breaks out.
Audusd targets a move to 0.715.
FALLING WEDGE
AUD/USD
1H
There is a falling wedge emerging.
A falling wedge identifies a specific formation that is angled down that can be used to signal the more likely potential of rising prices if price breaks through the resistance.
Audusd to peak to 0.715.
BEARISH FLAG
AUD/USD
1H
As we can see a bearish flag is very close to being finished.
A bearish flag results in a change in the prevailing trend in case if price collapses through the support line.
Audusd could drop to the 0.716 level on a breakdown of the bearish flag.
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