FX.co ★ Patterns AUDUSD | Australian Dollar (AUD) to US Dollar (USD) Rate in the Forex market

The Double Top reversal pattern has been formed on AUDUSD M15. Characteristics: the upper boundary 0.7087; the lower boundary 0.7078; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.7078 with a possible movements towards the 0.7056 level.

The Bearish Flag pattern has been formed on the chart AUDUSD M5 which signals that the downward trend will continue. If the price breaks below the low at 0.7027, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

The Bearish pennant pattern has formed on the AUDUSD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.7027, a trader will be able to successfully enter the sell position.

According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6889 – 0.6889 and upper border 0.6896 – 0.6896. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Top pattern has formed on the chart of the AUDUSD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6902/0.6903 with the upper limit 0.6919/0.6916; the projection of the width is 17 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.6902, the price is most likely to continue the downward movement.

The Triple Top pattern has formed on the chart of the AUDUSD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6883/0.6895 with the upper limit 0.6900/0.6905; the projection of the width is 17 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.6883, the price is most likely to continue the downward movement.

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6900/0.6890 whereas the lower border goes across 0.6882/0.6890. The pattern width is measured on the chart at 18 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6890 is broken, the price could continue its move toward 0.6905.

According to the chart of M5, AUDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6891, the lower border is 0.6872. The signal means that a long position should be opened above the upper border 0.6891 of the Bullish Rectangle.

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.7146 and 0.7119 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 27 pips. Outlook: If the upper border 0.7146 is broken, the price is likely to continue its move by 0.7149.

According to the chart of M5, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7132 while the median line of the Neck is found at 0.7112/0.7121. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.7147