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 Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0361/2.0420 whereas the upper border goes across 2.0509/2.0420. 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 2.0443.

The Double Top pattern has been formed on GBPAUD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0408 is broken, the downward movement will continue.

On the chart of the GBPAUD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 2.0477, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 22 points.

On the chart of the GBPAUD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 2.0469, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 25 points.

According to the chart of M5, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 2.0503 while the median line of the Neck is found at 2.0436/2.0445. 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 GBPAUD will go towards 2.0430.

The technical pattern called Head and Shoulders has appeared on the chart of GBPAUD M5. There are weighty reasons to suggest that the price will surpass the Neckline 2.0309/2.0314 after the right shoulder has been formed. So, the trend is set to change with the price heading for 2.0299.

According to the chart of M30, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0216/2.0262 whereas the upper border goes across 2.0303/2.0262. 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 2.0292.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0232/2.0274 whereas the upper border goes across 2.0303/2.0274. 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 2.0289.

The Bullish Flag pattern has been formed on the chart GBPAUD M15 which signals that the upward trend will continue. Signals: а break of the peak at 2.0223 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant pattern is formed on the GBPAUD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 2.0223, a further uptrend is possible.