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

The Triple Bottom pattern has formed on the chart of the GBPAUD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0113/2.0106.

The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 2.0117/2.0113; support level 2.0096/2.0096; the width is 21 points. In the event of a breakdown of the resistance level of 2.0117, the price is likely to continue an upward movement at least to 2.0113.

According to the chart of M5, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0116 - 0.0000 and support 2.0100 – 2.0100. In case the resistance level 2.0100 - 2.0100 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on GBPAUD M30. Characteristics: the support level 2.0115; the resistance level 2.0151; the width of the pattern 36 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 33 points.

According to the chart of M5, GBPAUD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0147, the lower border is 2.0131. The signal means that a short position should be opened after fixing a price below the lower border 2.0131 of the Bearish Rectangle.

The Triple Bottom pattern has formed on the chart of the GBPAUD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2.0144/2.0141.

The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0132; the resistance level 2.0144; the width of the pattern 12 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 13 points.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 2.0230 and 2.0202 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 28 pips. Outlook: If the upper border 2.0230 is broken, the price is likely to continue its move by 2.0233.

On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0230; the lower boundary 2.0213; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2.0198 level.

The Bullish pennant graphic pattern has formed on the GBPAUD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 2.0249.