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

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 0.7188 is broken. The further movements will rely on the width of the current pattern 11 points.

According to the chart of M15, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.7102/0.7128 whereas the upper border goes across 0.7148/0.7128. 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 0.7150.

According to the chart of M30, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.7102/0.7128 whereas the upper border goes across 0.7148/0.7128. 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 0.7158.

The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.7088; the lower boundary is 0.7078. The width of the pattern is 10 points. In case of a break of the upper boundary 0.7088, 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 Top reversal pattern has been formed on AUDUSD M15. Characteristics: the upper boundary 0.7087; the lower boundary 0.7078; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.7078 with a possible movements towards the 0.7056 level.

The Bearish Flag pattern has been formed on the chart AUDUSD M5 which signals that the downward trend will continue. If the price breaks below the low at 0.7027, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

The Bearish pennant pattern has formed on the AUDUSD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.7027, a trader will be able to successfully enter the sell position.

According to the chart of M5, AUDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.6889 – 0.6889 and upper border 0.6896 – 0.6896. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Top pattern has formed on the chart of the AUDUSD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6902/0.6903 with the upper limit 0.6919/0.6916; the projection of the width is 17 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 0.6902, the price is most likely to continue the downward movement.

The Triple Top pattern has formed on the chart of the AUDUSD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6883/0.6895 with the upper limit 0.6900/0.6905; the projection of the width is 17 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 0.6883, the price is most likely to continue the downward movement.