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BULLISH FLAG
AUD/USD
1H
There is a bullish flag discovered, audusd demands a more move as an information of a breakout.
A bullish flag identifies a price action signal that is used to identify extending an uptrend if price breaks above resistance.
There is a possibility of a bullish move towards 0.7 on a breach of 0.699.
PENNANT
AUD/USD
1H
It seems like a pennant pops up, the price needs a more bigger bullish continuation as evidence of a breakout.
A pennant results in extending an uptrend if price breaks above resistance.
Audusd points to the upside towards 0.698 on a breach of 0.697.
PENNANT
AUD/USD
1H
It looks like a pennant is nearing completion and the price requests a bearish action for the certainty of breakdown.
Once price breaks out, the resulting move could signal extending an downtrend.
Audusd turns lower towards 0.696 on a break below 0.696.
DESCENDING TRIANGLE
AUD/USD
4H
Audusd forms a descending triangle.
A descending triangle is a reliable pattern that can be used to identify a bearish price action when price breaks down.
It is not ruled out that a bearish continuation towards the 0.696 zone will take place as the currency pair probes 0.697 hurdle.
RISING WEDGE
AUD/USD
1H
We can see that a rising wedge comes out and the price is breaking out.
If price collapses through the support line, the resulting move could spot price heading to a new direction.
Audusd still risks a move towards 0.702 as downtrend may continue.
BEARISH FLAG
AUD/USD
1H
It seems like a bearish flag is almost done, audusd needs a more bigger move as a verification of a breakout.
A bearish flag identifies a chart formation that is angled up that can be used to indicate a break in the price direction once price breaks out to the the downside.
There is a possibility of corrective downside to 0.704 on a downside break.
RISING WEDGE
AUD/USD
4H
It seems like a rising wedge is close to being completed and the price asks for a bigger correction as a verification of a breakout.
A rising wedge is said to depict a useful signal that is used to predict an upward trend is about to reverse into an downward trend when price breaks out to the the downside.
Audusd could extend its slump towards the 0.704 level.
FALLING WEDGE
AUD/USD
1H
A falling wedge is detected, the price is ready to break out now.
A falling wedge depicts a reliable chart formation with a downward bias that can be used to signal a bullish price action if price breaks out to the the upside.
Audusd opens door for a move to the 0.706 mark on a breakout of the falling wedge.
DESCENDING TRIANGLE
AUD/USD
1H
As we can see a descending triangle forms and audusd expects a steady move as evidence of a breakout.
In case if price breaks through the support, the resulting move could predict a further move down.
It is not ruled out that a bearish continuation to 0.7 will take place on a breach of 0.702 as gains remain capped.
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