There is a descending triangle forming, the price is ready to break out soon.
A descending triangle typically spots a move up once price breaks out.
AUD/USD challenges a move to 0.649 on a breach of 0.6486.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Oct 23
There is a descending channel determined and the price is breaking out.
When price breaks above resistance, the move could spot a trend change to the upside.
AUD/USD to move upward towards 0.632 once beyond 0.6316 as AUD/USD probes 0.6316 hurdle.
AUD/USD: Pennant
AUD/USD,
4 hours
LONG
May 13
There is a pennant encountered.
A pennant suggests a bullish chart formation that can be used to signal that prices are likely to keep rallying upward when price breaks above resistance.
AUD/USD to increase bullish potential towards 0.664 on a breach of 0.662.
AUD/USD: Rising Wedge
AUD/USD,
4 hours
SHORT
Sep 15
It looks like a rising wedge is discovered, the price is about to break out soon.
A rising wedge represents a bearish indicator that typically predicts extending an downtrend if price breaks out to the the downside.
AUD/USD to head towards the 0.642 zone on a breach of 0.6435 as upside pressure mitigates.
AUD/USD: Symmetrical Triangle
AUD/USD,
1 hour
LONG
Sep 16
There is a symmetrical triangle poping up and the price lacks a strong move as proof of a breakout.
A symmetrical triangle provides a technical bullish price pattern that can be used to identify extending an uptrend in case if price breaks out.
It is likely that a bullish push up towards 0.672 will happen on a breach of 0.6714.
AUD/USD: Descending Channel
AUD/USD,
4 hours
LONG
Apr 11
There is a descending channel developing, the price is ready to break out now.
A descending channel is said to depict a reliable price signal that can be used to predict a downward trend is about to reverse into an upnward trend when price breaks out.
A bullish run towards the 0.67 mark about to be made on a upside break.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Mar 22
It seems like the price develops a descending channel.
A descending channel is considered to be a useful bullish signal that often predicts extending an uptrend when price breaks out.
AUD/USD hints a change to the upside to 0.671.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Nov 1
It looks like a descending channel emerges, AUD/USD wants a more bullish action as a verification of a breakout.
A descending channel suggests a formation that is angled down that often spots a bullish move if price breaks out to the the upside.
AUD/USD to extend its advance towards 0.635.
AUD/USD: Falling Wedge
AUD/USD,
4 hours
LONG
Apr 12
There is a falling wedge emerging and the price asks for a further bigger bullish impulse as a verification of a breakout.
A falling wedge signals price heading to a new direction once price breaks through the resistance.
There is a probability of a bullish push up to the 0.67 mark.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Mar 12
We can see that a descending channel is spotted and the price is close to breaking out now.
A descending channel provides a useful bullish price signal that typically indicates that the price to go up once price breaks through the resistance.
It is possible that a bullish push up to the 0.662 mark will happen on a breach of 0.6614 as downside pressure seen easing.
AUD/USD: Pennant
AUD/USD,
1 hour
SHORT
Aug 2
As we can see a pennant is detected and AUD/USD demands an active move as an indication of a breakdown.
A pennant identifies a bearish move if price breaks through the support.
A bearish run towards 0.65 about to be made on impulse below 0.651 as AUD/USD probes 0.651 hurdle.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
31 hours ago
There is a rising wedge identified and the price requires a next bigger move as proof of a breakout.
A rising wedge identifies a useful bearish signal that can be used to signal an extension in the downward direction once price breaks below support.
There is a probability of a move to 0.65 on a breach of 0.652.
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