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

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 0.7140/0.7130 whereas the lower border goes across 0.7117/0.7130. The pattern width is measured on the chart at 23 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.7130 is broken, the price could continue its move toward 0.7145.

According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.7109 is likely to encourage a continuation of the downward trend.

The Triple Top pattern has formed on the chart of the AUDUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.7130/0.7134 with the upper limit 0.7140/0.7140; the projection of the width is 10 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 0.7130, the price is most likely to continue the downward movement.

According to the chart of M5, AUDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.7175 while the median line of the Neck is found at 0.7146/0.7150. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDUSD will go towards 0.7135.

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.7108; the lower boundary is 0.7104. The width of the pattern is 4 points. In case of a break of the upper boundary 0.7108, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

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 0.7109 – 0.7109 and upper border 0.7122 – 0.7122. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Bottom pattern has formed on the chart of the AUDUSD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.7181/0.7167.

According to the chart of M15, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.7229/0.7237 whereas the upper border goes across 0.7248/0.7237. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDUSD will breach the upper border to head for 0.7260.

According to the chart of M15, AUDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.7248 and 0.7229 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 19 pips. Outlook: If the upper border 0.7248 is broken, the price is likely to continue its move by 0.7260.

The Double Top pattern has been formed on AUDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.7235 is broken, the downward movement will continue.