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

GBPAUD M5

Bearish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.9356 is likely to encourage a continuation of the downward trend.
2024-03-29

GBPAUD M15

Double Top
On the chart of GBPAUD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9364; the lower boundary 1.9310; the width of the pattern 54 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9288 level.
2024-03-27

GBPAUD M5

Bullish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.9329 and 1.9307 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 22 pips. Outlook: If the upper border 1.9329 is broken, the price is likely to continue its move by 1.9334.
2024-03-26

GBPAUD M30

Double Bottom
The Double Bottom pattern has been formed on GBPAUD M30. 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 1.9344 is broken. The further movements will rely on the width of the current pattern 56 points.
2024-03-26

GBPAUD H1

Bearish Symmetrical Triangle
According to the chart of H1, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.9249/1.9317 and upper border is 1.9381/1.9317. The pattern width is measured on the chart at -132 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 1.9277.
2024-03-26

GBPAUD H1

Bearish Symmetrical Triangle
According to the chart of H1, GBPAUD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.9249 is likely to encourage a continuation of the downward trend.
2024-03-25

GBPAUD M5

Bullish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.9311/1.9331 whereas the upper border goes across 1.9349/1.9331. 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 1.9346.
2024-03-25

GBPAUD M5

Inverse Head and Shoulder
According to the chart of M5, GBPAUD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.9311 while the median line of the Neck is found at 1.9274/1.9300. 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 1.9326
2024-03-25

GBPAUD M5

Double Top
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 1.9307 is broken, the downward movement will continue.
2024-03-22

GBPAUD M5

Bearish Symmetrical Triangle
According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.9293 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -62 pips.
2024-03-22