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

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 1.9062 is broken. The further movements will rely on the width of the current pattern 14 points.

The Triple Bottom pattern has formed on the chart of GBPAUD M30. Features of the pattern: The lower line of the pattern has coordinates 1.9131 with the upper limit 1.9131/1.9129, the projection of the width is 52 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 1.9079, the price is most likely to continue the upward movement.

According to the chart of M30, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.9079 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -53 pips.

The Double Bottom pattern has been formed on GBPAUD M30. 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 1.9131 is broken. The further movements will rely on the width of the current pattern 52 points.

The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 1.9131; the lower boundary is 1.9081. The width of the pattern is 52 points. In case of a break of the upper boundary 1.9131, 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 the chart of M5, GBPAUD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.9128 while the median line of the Neck is set at 1.9165/1.9162. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPAUD will go towards 1.9177.

The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.9197; the lower boundary 1.9186; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 1.9186 with a possible movements towards the 1.9171 level.

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 1.9148 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.9280; the lower boundary 1.9268; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 1.9268 with a possible movements towards the 1.9253 level.

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 1.9235 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -17 pips.