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 1.8894/1.8914 whereas the upper border goes across 1.8929/1.8914. 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 1.8937.

The Triple Top pattern has formed on the chart of the GBPAUD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 4, support level -10, and pattern’s width 34. Forecast If the price breaks through the support level 1.8895, it is likely to move further down to 1.8893.

According to the chart of M30, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.8893/1.8913 whereas the upper border goes across 1.8929/1.8913. 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 1.8943.

The Double Bottom pattern has been formed on GBPAUD H1. Characteristics: the support level 1.8813; the resistance level 1.8846; the width of the pattern 33 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 35 points.

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 1.8978 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the GBPAUD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -3, and pattern’s width 9. Forecast If the price breaks through the support level 1.8975, it is likely to move further down to 1.8967.

The Double Bottom pattern has been formed on GBPAUD H1; the upper boundary is 1.9012; the lower boundary is 1.8946. The width of the pattern is 65 points. In case of a break of the upper boundary 1.9012, 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 formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.8985/1.8993 whereas the upper border goes across 1.9005/1.8993. 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 1.9008.

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.8964; the lower boundary is 1.8947. The width of the pattern is 15 points. In case of a break of the upper boundary 1.8964, 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 formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.8952 is likely to encourage a continuation of the downward trend.