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 Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.9719/1.9739 whereas the upper border goes across 1.9768/1.9739. 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 GBPAUD will breach the upper border to head for 1.9754.

On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9760; the lower boundary 1.9746; the width of the pattern 14 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9731 level.

On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9781; the lower boundary 1.9767; the width of the pattern 14 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9752 level.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.9697; the resistance level 1.9797; the width of the pattern 100 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 101 points.

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 1.9710 is broken. The further movements will rely on the width of the current pattern 12 points.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.9742 and 1.9692 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 50 pips. Outlook: If the upper border 1.9742 is broken, the price is likely to continue its move by 1.9728.

According to the chart of M30, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.9681 is likely to encourage a continuation of the downward trend.

According to the chart of M15, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.9681 is likely to encourage a continuation of the downward trend.

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 1.9681 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -85 pips.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 1.9723; the resistance level 1.9737; the width of the pattern 14 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 15 points.