Open:
High:
Low:
Close:
ASCENDING TRIANGLE
AUD/USD
1H
An ascending triangle comes out, the price requires a strong bullish continuation as a signal of a breakout.
An ascending triangle provides a useful bullish pattern that is used to spot a next move up when price breaks through the resistance.
Audusd to enjoy a considerable gain to the 0.654 level.
RISING WEDGE
AUD/USD
1H
We can see that a rising wedge is close to being finished and the price expects a next strong move as an indication of a breakdown.
A rising wedge can be thought of as a useful price formation that indicates extending an downtrend in case if price breaks through the support.
Corrective downside to 0.652 is not ruled out while below 0.653.
RISING WEDGE
AUD/USD
1H
There is a rising wedge turning up, the price needs a further strong move as an information of a breakout.
In case if price breaks through the support, the move could spot a break during an uptrending market.
There is a possibility of a rangebound to the 0.652 mark on a downside break.
DESCENDING TRIANGLE
AUD/USD
1D
There is a descending triangle forming.
In case if price breaks through the resistance, the resulting move could identify a bullish price action.
It is likely that a bullish price action towards the 0.655 zone will take place as there is a chance for a upside correction.
RECTANGLE
AUD/USD
4H
There is a rectangle exposed.
When price breaks through the resistance, the move could spot a next move up.
There is a probability of a bullish continuation towards the 0.652 level as bulls look for entries.
ASCENDING CHANNEL
AUD/USD
1H
There is an ascending channel uncovered, audusd requires more steady pullback for the certainty of breakdown.
An ascending channel predicts a bearish move in case if price breaks down.
Audusd turns lower to the 0.649 level.
DESCENDING TRIANGLE
AUD/USD
1H
It seems like a descending triangle is close to being finished and the price is close to breaking out.
A descending triangle is considered to be a specific bullish price action pattern that signals a bullish price move once price breaks through the resistance.
Audusd to turn bullish towards the 0.6465 mark on a break above 0.646.
DESCENDING TRIANGLE
AUD/USD
1H
A descending triangle is close to being complete, the price lacks a strong move for clear breakdown confirmation.
A descending triangle identifies a next move down once price breaks down.
It is possible that a bearish continuation towards 0.6445 will be made as audusd probes 0.6448 hurdle.
DESCENDING CHANNEL
AUD/USD
4H
There is a descending channel revealed, the price is breaking out.
A descending channel is said to depict a reliable formation that has a downward slope that typically signals that the price to go long once price breaks out.
A move towards 0.648 stays on the cards on a breakout of the descending channel amid rising bets for the move.
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