Open:
High:
Low:
Close:
ASCENDING TRIANGLE
AUD/USD
1H
An ascending triangle materializes and the price is going to break out.
If price breaks out, the move could identify that the price to go long.
There is a probability of a move towards 0.709 as the currency pair becomes supported.
RISING WEDGE
AUD/USD
1H
It seems like a rising wedge materializes.
If price breaks out, the resulting move could predict an upward trend is nearing its end.
There is a chance of decline towards 0.706 as the currency pair becomes capped.
DESCENDING CHANNEL
AUD/USD
4H
There is a descending channel encountered, the price is going to break out.
A descending channel often signals that the price will rally further when price breaks out.
It is likely that a rangebound to 0.706 will take place on a breach of 0.7055.
ASCENDING TRIANGLE
AUD/USD
1H
An ascending triangle comes out, the price is close to breaking out.
An ascending triangle is said to depict a compelling bearish price formation that can be used to indicate that the price to go short in case if price breaks down.
Extra downside towards the 0.704 level is not ruled out on a breach of 0.7045 as audusd becomes capped.
RECTANGLE
AUD/USD
1H
There is a rectangle recognized and the price calls for a further active move for the certainty of breakout.
A rectangle describes a specific bullish formation that often spots a bullish move when price breaks through the resistance.
It is not ruled out that a bullish push up towards 0.704 will occur.
DESCENDING CHANNEL
AUD/USD
4H
A descending channel appears and audusd calls for a further move as a signal of a breakout.
A descending channel signals an interruption of a downtrend once price breaks out.
Audusd aims to complete a retracement towards the 0.71 zone.
FALLING WEDGE
AUD/USD
1H
Audusd builds a falling wedge and the price asks for bigger push up as an indication of a breakout.
A falling wedge often spots that the price to go long if price breaks out to the the upside.
Audusd advances higher to 0.702.
FALLING WEDGE
AUD/USD
1H
A falling wedge is almost done.
A falling wedge describes a useful bullish price action signal that indicates that the price to go long when price breaks through the resistance.
There is a possibility of a rangebound to the 0.704 mark.
PENNANT
AUD/USD
1H
We can see that a pennant is close to being complete and the price calls for a more strong move as a sign of a breakout.
A pennant depicts a bearish chart signal that typically spots an extension in the downward direction once price breaks below support.
There is a probability of a bearish move towards 0.701 as risk reversal sheds bullish bias.
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