Open:
High:
Low:
Close:
BISEAU ASCENDANT
AUD/USD
1H
It seems like a rising wedge is almost finished and the price is about to break out now.
A rising wedge often signals that the price to go short when price breaks through the support.
Audusd to suffer a steeper decline towards the 0.711 zone as extra rangebound not ruled out.
BISEAU DESCENDANT
AUD/USD
4H
It seems like audusd shapes a falling wedge and the price is close to breaking out soon.
A falling wedge often predicts a downward trend is about to reverse into an upnward trend in case if price breaks out to the the upside.
Audusd to continue higher towards the 0.714 level on a breakout of the falling wedge.
RECTANGLE
AUD/USD
1H
A rectangle is found and the price is going to break out.
A rectangle often indicates a further move down if price breaks out.
It is possible that corrective downside to 0.7115 will happen.
CANAL DESCENDANT
AUD/USD
1H
Audusd sets up a descending channel, the price is about to break out soon.
A descending channel depicts a reliable bullish chart formation with a downward bias that often spots the more likely potential of rising prices when price breaks through the resistance.
Audusd to continue the appreciation trend towards the 0.7135 level on a breakout of the descending channel as indicators favor bulls.
TRIANGLE DESCENDANT
AUD/USD
1H
A descending triangle is nearing completion and the price requires an impulse up as evidence of a breakout.
A descending triangle predicts a next move up once price breaks above resistance.
Audusd to continue the appreciation trend towards 0.7135 as risk reversal sheds bearish bias.
CANAL DESCENDANT
AUD/USD
4H
There is a descending channel spotted and the price breaks out now.
In case if price breaks out, the move could signal that the price will rally further.
Audusd to prolong the growth phase to the 0.714 zone as bullish momentum increases.
FANION
AUD/USD
1H
We can see that a pennant is recognized.
A pennant tends to be a useful pattern that is used to indicate prices are likely to keep falling downward when price breaks down.
Audusd turns lower to 0.712 while lower than 0.713.
FANION
AUD/USD
1H
There is a pennant poping up and audusd needs a further steady bullish continuation as a clue of a breakout.
Once price breaks out, the resulting move could spot a move up.
Audusd to maintain its positive tone to the 0.714 mark.
CANAL DESCENDANT
AUD/USD
1H
There is a descending channel turning up.
A descending channel often signals a move up if price breaks above resistance.
Audusd to enjoy a considerable gain towards 0.714 on a breakout of the descending channel.
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