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

GBPAUD M30

Inverse Head and Shoulder
According to the chart of M30, GBPAUD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.7904 while the median line of the Neck is found at 1.7809/1.7849. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of GBPAUD will go towards 1.7934
2021-03-18

GBPAUD M5

Double Bottom
The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.7819; the lower boundary is 1.7809. The width of the pattern is 10 points. In case of a break of the upper boundary 1.7819, 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.
2021-03-18

GBPAUD M30

Double Top
On the chart of GBPAUD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8017; the lower boundary 1.7968; the width of the pattern 49 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.7938 level.
2021-03-17

GBPAUD M5

Bullish Rectangle
According to the chart of M5, GBPAUD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.7928 – 1.7928 and upper border 1.7941 – 1.7941. In case the upper border is broken, the instrument is likely to follow the upward trend.
2021-03-16

GBPAUD M5

Double Top
On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.7935; the lower boundary 1.7917; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.7902 level.
2021-03-16

GBPAUD M15

Bearish Symmetrical Triangle
According to the chart of M15, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.7868/1.7896 and upper border is 1.7922/1.7896. The pattern width is measured on the chart at -54 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 GBPAUD breaches the lower border, the price could continue its move toward 1.
2021-03-16

GBPAUD M30

Double Bottom
The Double Bottom pattern has been formed on GBPAUD M30; the upper boundary is 1.8008; the lower boundary is 1.7903. The width of the pattern is 108 points. In case of a break of the upper boundary 1.8008, 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.
2021-03-15

GBPAUD M5

Double Top
On the chart of GBPAUD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.7930; the lower boundary 1.7903; the width of the pattern 27 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.7888 level.
2021-03-15

GBPAUD M5

Bullish Rectangle
According to the chart of M5, GBPAUD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.7963 – 1.7963 and upper border 1.7972 – 1.7972. In case the upper border is broken, the instrument is likely to follow the upward trend.
2021-03-15

GBPAUD M15

Double Bottom
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 1.7948 is broken. The further movements will rely on the width of the current pattern 45 points.
2021-03-12