FX.co ★ Patterns AUDUSD | Australian Dollar (AUD) to US Dollar (USD) Rate in the Forex market

According to the chart of M30, AUDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.6219/0.6239 and upper border is 0.6255/0.6239. The pattern width is measured on the chart at -36 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDUSD breaches the lower border, the price could continue its move toward 0.6209.

According to the chart of M30, AUDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.6219/0.6239 and upper border is 0.6255/0.6239. The pattern width is measured on the chart at -36 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDUSD breaches the lower border, the price could continue its move toward 0.6209.

The Triple Top pattern has formed on the chart of the AUDUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6243/0.6244 with the upper limit 0.6252/0.6253; the projection of the width is 9 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.6243, the price is most likely to continue the downward movement.

On the chart of AUDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6252; the lower boundary 0.6243; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6228 level.

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.6230/0.6247 whereas the upper border goes across 0.6266/0.6247. 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 AUDUSD will breach the upper border to head for 0.6262.

According to the chart of M5, AUDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.6220/0.6227 and upper border is 0.6235/0.6227. The pattern width is measured on the chart at -15 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDUSD breaches the lower border, the price could continue its move toward 0.6212.

According to the chart of M15, AUDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6215 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -70 pips.

On the chart of AUDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6253; the lower boundary 0.6246; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6231 level.

The Double Bottom pattern has been formed on AUDUSD 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 0.6215 is broken. The further movements will rely on the width of the current pattern 14 points.

The Double Top reversal pattern has been formed on AUDUSD M5. Characteristics: the upper boundary 0.6340; the lower boundary 0.6337; the width of the pattern is 3 points. Sell trades are better to be opened below the lower boundary 0.6337 with a possible movements towards the 0.6322 level.