FX.co ★ Patterns GBPAUD | British Pound (GBP) to Australian Dollar (AUD) Rate in the Forex market

According to the chart of M15, GBPAUD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 2.0490 – 2.0490 and upper border 2.0516 – 2.0516. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0540; the resistance level 2.0549; the width of the pattern 9 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 9 points.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 2.0477 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -105 pips.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 2.0583; the lower boundary is 2.0565. The width of the pattern is 18 points. In case of a break of the upper boundary 2.0583, 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.

The Triple Bottom pattern has formed on the chart of the GBPAUD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0657/2.0604.

The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0577 is broken, the downward movement will continue.

The GBPAUD H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 2.0845, the Neckline and the upward angle are at 2.0606/2.0618. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPAUD will go towards 2.0578.

On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0668; the lower boundary 2.0653; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2.0638 level.

The Triple Bottom pattern has formed on the chart of the GBPAUD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0682/2.0660.

The Double Bottom pattern has been formed on GBPAUD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 2.0845 is broken. The further movements will rely on the width of the current pattern 74 points.