An ascending channel is encountered and AUD/USD demands a further strong impulse down as a clue of a breakout.
An ascending channel often indicates a countertrend succeeding the current trend in case if price breaks out to the the downside.
AUD/USD is at risk of extending its slump to 0.668.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Sep 20
As we can see AUD/USD builds an ascending channel, the price expects a further move as a clue of a breakout.
An ascending channel is said to depict a specific bearish chart signal that identifies a bearish price action once price breaks out.
A further rangebound to 0.644 is about to happen on a breakout of the ascending channel as gains remain capped.
AUD/USD: Pennant
AUD/USD,
1 hour
LONG
43 hours ago
It seems like a pennant is observed.
A pennant typically results in a next move up in case if price breaks out.
There is a chance of a bullish price action to 0.628 on a breakout of the pennant.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Nov 1
A descending channel comes out.
A descending channel predicts a breakout higher when price breaks out to the the upside.
AUD/USD points to the upside towards 0.637.
AUD/USD: Rectangle
AUD/USD,
1 hour
LONG
Jan 20
There is a rectangle turning up, AUD/USD requires a further strong move for the certainty of breakout.
A rectangle results in a bullish move if price breaks out to the the upside.
AUD/USD to recover bullish potential to 0.623.
AUD/USD: Descending Channel
AUD/USD,
4 hours
LONG
Feb 15
There is a descending channel occuring, AUD/USD requires rise as an indication of a breakout.
Once price breaks through the resistance, the resulting move could signal a downward trend is about to reverse into an upnward trend.
It is possible that a bullish continuation to 0.654 will be made on a breach of 0.6525 as weakness seen overdone.
AUD/USD: Falling Wedge
AUD/USD,
4 hours
LONG
Mar 30
A falling wedge is close to completion, the price is close to breaking out now.
A falling wedge identifies a further move up if price breaks out to the the upside.
AUD/USD to have better chances of advancing to 0.672 as bulls lurking in demand zone.
AUD/USD: Bullish Flag
AUD/USD,
1 hour
LONG
Sep 13
A bullish flag has been diagnosed, the price needs a next bigger bullish impulse to confirm a breakout.
A bullish flag predicts the more likely potential of rising prices if price breaks out.
A further bullish continuation to 0.644 is probable as door open for the continuation of the uptrend.
AUD/USD: Bearish Flag
AUD/USD,
1 hour
SHORT
Sep 3
There is a bearish flag arising and the price is ready to break out.
A bearish flag provides a useful bearish price action signal that can be used to indicate a next move down when price collapses through the support line.
AUD/USD to fall towards the 0.677 mark on a breach of 0.6782.
AUD/USD: Ascending Triangle
AUD/USD,
1 hour
SHORT
May 22
An ascending triangle happens and the price asks for a next strong impulse down as an indication of a breakdown.
An ascending triangle suggests a specific bearish signal that results in a bearish move in case if price breakdown occurs.
AUD/USD to increase bearish potential towards the 0.666 mark on a breach of 0.6666 as AUD/USD becomes under pressure.
AUD/USD: Descending Triangle
AUD/USD,
4 hours
SHORT
Feb 26
It seems like a descending triangle arises.
A descending triangle typically predicts a sharp decline if price breakdown occurs.
There is a chance of decline to 0.632.
AUD/USD: Ascending Channel
AUD/USD,
4 hours
SHORT
Jan 2
It looks like an ascending channel is discovered, the price is ready to break out.
An ascending channel is a compelling price signal that signals a bearish move if price breaks through the support.
A move towards 0.676 stays on the cards on a breach of 0.678 as the currency pair probes 0.678 hurdle.
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