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

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 2.0008 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -24 pips.

The Double Bottom pattern has been formed on GBPAUD M30. Characteristics: the support level 2.0006; the resistance level 2.0031; the width of the pattern 25 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 26 points.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0097; the resistance level 2.0118; the width of the pattern 21 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 20 points.

The Triple Top pattern has formed on the chart of the GBPAUD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 2.0093/2.0097 with the upper limit 2.0118/2.0121; the projection of the width is 25 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 2.0093, the price is most likely to continue the downward movement.

According to the chart of M15, GBPAUD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0122 and support 2.0093. In case the resistance level 2.0122 - 2.0122 is broken, the instrument is likely to follow the bullish trend.

The Triple Top pattern has formed on the chart of the GBPAUD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -18, and pattern’s width 25. Forecast If the price breaks through the support level 2.0093, it is likely to move further down to 2.0099.

The Triple Bottom pattern has formed on the chart of GBPAUD M30. Features of the pattern: The lower line of the pattern has coordinates 2.0098 with the upper limit 2.0098/2.0081, the projection of the width is 38 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 2.0060, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on GBPAUD M30. Characteristics: the support level 2.0060; the resistance level 2.0098; the width of the pattern 38 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 37 points.

The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 2.0098; the lower boundary is 2.0061. The width of the pattern is 38 points. In case of a break of the upper boundary 2.0098, 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 M5, GBPAUD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 2.0108/2.0105 is broken out, the instrument is likely to move toward 2.0120.