A descending channel is almost completed, the price is breaking out.
A descending channel tends to be a technical bullish formation that has a downward slope that is used to spot that the price to go up once price breaks above resistance.
A bullish push up towards 0.67 is probable on a breakout of the descending channel as risk reversal sheds bearish bias.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Oct 30
It seems like a descending channel has been distinguished, the price is going to break out now.
A descending channel results in a further move up once price breaks above resistance.
AUD/USD to move up towards 0.657 on a breach of 0.6564.
AUD/USD: Ascending Triangle
AUD/USD,
1 hour
SHORT
Aug 22
There is an ascending triangle appearing.
An ascending triangle identifies a compelling price pattern with an upward bias that spots a bearish price action if price breaks out.
Extra downside towards 0.674 is on the way.
AUD/USD: Descending Triangle
AUD/USD,
4 hours
LONG
Mar 6
There is a descending triangle taking place and the price needs a more bigger move to confirm descending triangle breakout.
A descending triangle denotes a formation that is angled down that is used to indicate the more likely potential of rising prices once price breaks out to the the upside.
There is a probability of a move to 0.654.
AUD/USD: Ascending Triangle
AUD/USD,
1 hour
LONG
Sep 18
An ascending triangle has been detected, AUD/USD requests bigger rise as a clue of a breakout.
An ascending triangle typically identifies the more likely potential of rising prices when price breaks through the resistance.
There is a chance of a further bullish run towards 0.677 on a breakout of the ascending triangle.
AUD/USD: Ascending Channel
AUD/USD,
1 hour
SHORT
Aug 7
An ascending channel materializes, the price requires a further move to confirm a breakdown.
An ascending channel predicts prices are likely to keep falling downward in case if price breaks down.
There is a possibility of a bearish continuation to 0.654 while lower than 0.656.
AUD/USD: Descending Channel
AUD/USD,
1 hour
LONG
Dec 1
There is a descending channel distinguished, the price calls for rise as an indication of a breakout.
A descending channel identifies a reliable signal that can be used to indicate a bullish price move if price breaks through the resistance.
It is likely that a bullish move towards the 0.664 zone will happen once beyond 0.663 as the currency pair nears 0.663 hurdle.
AUD/USD: Rectangle
AUD/USD,
1 hour
LONG
Aug 13
As we can see the price completes a rectangle, AUD/USD calls for a further bullish impulse as proof of a breakout.
A rectangle tends to be a reliable chart formation that is used to predict that prices are likely to keep rallying upward if price breaks above resistance.
AUD/USD hints a change to the upside towards 0.661 on a breach of 0.6604.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
Jan 2
AUD/USD creates a rising wedge and AUD/USD needs a next active bearish impulse as a clue of a breakdown.
A rising wedge typically spots that the price to go short if price collapses through the support line.
AUD/USD opens door for a move towards 0.68 while lower than 0.6812.
AUD/USD: Rising Wedge
AUD/USD,
4 hours
SHORT
Jan 26
We can see that AUD/USD shapes a rising wedge, AUD/USD expects a more bigger correction as an information of a breakout.
In case if price breaks below support, the resulting move could spot the more likely potential of falling prices.
AUD/USD looks south towards the 0.658 mark on a break below 0.658.
AUD/USD: Rectangle
AUD/USD,
1 hour
LONG
Sep 16
There is a rectangle arising.
A rectangle denotes a specific bullish price action formation that is used to signal that the price will rally further in case if price breaks out to the the upside.
AUD/USD to extend its rebound towards 0.674.
AUD/USD: Rising Wedge
AUD/USD,
1 hour
SHORT
Aug 29
It looks like the price creates a rising wedge, AUD/USD needs a more move as an indication of a breakout.
A rising wedge describes a useful bearish pattern that often identifies price heading to a new direction when price breakdown occurs.
AUD/USD is at risk of resuming its decline towards 0.679.
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AUD/USD