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 Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.8775, the lower border is 1.8718. The signal means that a short position should be opened after fixing a price below the lower border 1.8718 of the Bearish Rectangle.

The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.8770; the lower boundary 1.8747; the width of the pattern is 22 points. Sell trades are better to be opened below the lower boundary 1.8747 with a possible movements towards the 1.8732 level.

The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 1.8769; the lower boundary is 1.8718. The width of the pattern is 46 points. In case of a break of the upper boundary 1.8769, 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.

The Double Bottom pattern has been formed on GBPAUD M15. 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 1.8760 is broken. The further movements will rely on the width of the current pattern 37 points.

The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.8845; the lower boundary 1.8803; the width of the pattern is 44 points. Sell trades are better to be opened below the lower boundary 1.8803 with a possible movements towards the 1.8788 level.

The Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 1.8841/1.8838; support level 1.8818/1.8815; the width is 23 points. In the event of a breakdown of the resistance level of 1.8841, the price is likely to continue an upward movement at least to 1.8833.

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 1.8841 - 0.0000 and support 1.8818 – 1.8818. In case the resistance level 1.8818 - 1.8818 is broken, the instrument is likely to follow the bearish trend.

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 1.8841 is broken. The further movements will rely on the width of the current pattern 23 points.

According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.8920 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of GBPAUD M30. Features of the pattern: The lower line of the pattern has coordinates 1.9029 with the upper limit 1.9029/1.9004, the projection of the width is 58 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 1.8971, the price is most likely to continue the upward movement.