It looks like an ascending channel is almost finished and the price is breaking out.
An ascending channel can be thought of as a useful bearish price action signal that predicts an extension in the downward direction when price breaks out to the the downside.
AUD/USD is at risk of extending its slump to the 0.635 mark on a breach of 0.6355.
AUD/USD: Ascending Triangle
AUD/USD,
1 hour
LONG
Oct 4
An ascending triangle has been observed, the price asks for a next bigger bullish action as an indication of a breakout.
An ascending triangle identifies a chart signal that indicates that the price to go up when price breaks out to the the upside.
A further bullish move to 0.633 looks possible.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Sep 3
There is an ascending channel developing and the price is breaking out.
An ascending channel typically signals a breakdown is likely to occur when price breaks down.
AUD/USD set to fall towards the 0.676 level on a downside break as the currency pair probes 0.6768 hurdle.
AUD/USD: Ascending Triangle
AUD/USD,
1 hour
SHORT
Nov 21
There is an ascending triangle revealed.
An ascending triangle denotes a useful price signal that can be used to indicate a sharp decline once price breakdown occurs.
AUD/USD turns lower towards 0.651.
AUD/USD: Bullish Flag
AUD/USD,
1 day
LONG
Jan 21
A bullish flag is detected and AUD/USD requests a further steady move for clear breakout confirmation.
A bullish flag is considered to be a useful price signal that spots a break in the price direction once price breaks through the resistance.
AUD/USD to turn bullish to the 0.64 level.
AUD/USD: Descending Triangle
AUD/USD,
1 hour
LONG
Jan 17
A descending triangle has been observed, the price is ready to break out now.
When price breaks through the resistance, the resulting move could signal the bears have run out of steam.
A bullish run to the 0.622 mark is a possibility on a breach of 0.6212.
AUD/USD: Rectangle
AUD/USD,
1 hour
LONG
Sep 12
It seems like a rectangle arises, the price demands a more steady bullish move as a signal of a breakout.
A rectangle typically predicts that the price will rally further when price breaks out to the the upside.
It is likely that a bullish continuation towards the 0.669 level will happen as bulls lurking in demand zone.
AUD/USD: Descending Triangle
AUD/USD,
1 hour
LONG
Dec 19
A descending triangle is very close to being finished, AUD/USD asks for a further active move as evidence of a breakout.
A descending triangle tends to be a specific price pattern that typically results in a bullish price move in case if price breaks above resistance.
There is a probability of a bullish run towards the 0.673 zone.
AUD/USD: Rectangle
AUD/USD,
1 hour
LONG
Jun 18
The price shapes a rectangle, the price calls for a move for clear breakout confirmation.
If price breaks out to the the upside, the move could signal that the price to go long.
There is a possibility of a rangebound towards the 0.663 level.
AUD/USD: Symmetrical Triangle
AUD/USD,
1 hour
LONG
Jun 30
It seems like the price develops a symmetrical triangle.
A symmetrical triangle is believed to be a specific chart indicator that is used to signal that prices are likely to keep rallying upward once price breaks through the resistance.
It is not ruled out that a bullish move towards the 0.664 mark will happen once beyond 0.6628 as the currency pair challenges 0.6628 hurdle.
AUD/USD: Falling Wedge
AUD/USD,
1 day
LONG
Oct 11
There is a falling wedge uncovered, the price demands an active move for clear breakout confirmation.
A falling wedge tends to be a price action pattern that is angled down that is used to indicate a bullish price move once price breaks out to the the upside.
A move to 0.645 is going to happen.
AUD/USD: Ascending Triangle
AUD/USD,
1 hour
SHORT
Aug 31
An ascending triangle is almost done, the price demands a next move as proof of a breakdown.
An ascending triangle is considered to be a compelling chart indicator that is used to indicate an extension in the downward direction when price breaks through the support.
AUD/USD is bearish and en route towards 0.646 as bears looking for profit.
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AUD/USD