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

The Double Bottom pattern has formed on the GBPAUD M5 chart. Its support is at 1.8761, its resistance is at 1.8800, and its width is 39 points. A break above resistance may confirm a trend reversal, with the first target projected 42 points away.

The Bearish Symmetrical Triangle pattern has formed on the GBPAUD H1 chart. A break below the lower boundary at 1.8746 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 67 points.

The Double Bottom pattern has formed on the GBPAUD M15 chart. Its upper boundary is at 1.8772, its lower boundary is at 1.8754, and its width is 19 points. A break above the upper boundary at 1.8772 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Bearish Symmetrical Triangle pattern has formed on the GBPAUD M30 chart. Its lower boundary passes through 1.8746/1.8777, while its upper boundary passes through 1.8818/1.8777. The pattern width is 72 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPAUD breaks below the lower boundary, the price could move toward 1.8747.

The Bearish Symmetrical Triangle pattern has formed on the GBPAUD M15 chart. Its lower boundary passes through 1.8746/1.8777, while its upper boundary passes through 1.8818/1.8777. The pattern width is 72 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPAUD breaks below the lower boundary, the price could move toward 1.8755.

The Bullish Symmetrical Triangle pattern has formed on the GBPAUD M15 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 1.8846 and 1.8722, respectively. The pattern width is 124 points. If the price breaks above the upper boundary at 1.8846, it is likely to move toward 1.8805.

The Triple Bottom pattern has formed on the chart of GBPAUD M5. The lower boundary is at 1.8776, while the upper boundary is at 1.8794/1.8785. The projected width is 25 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 1.8794 is broken, the price is likely to continue upward.

The Bearish Pennant pattern has formed on the GBPAUD M5 chart. A break below the pennant low at 1.8810 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Bullish Rectangle has formed on the GBPAUD M15 chart and indicates a likely continuation of the trend. Its upper boundary is at 1.8915 and its lower boundary is at 1.8883. A long position may be considered after the price breaks above the upper boundary at 1.8915 of the Bullish Rectangle.

The Bearish Symmetrical Triangle pattern has formed on the GBPAUD M15 chart. A break below the lower boundary at 1.8860 is likely to signal a continuation of the downtrend.