(Last Updated July 14, 2021 0:20 GMT)
Currently, GBPAUD’s rate is up 2 pips (0.01%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as GBPAUD has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
GBPAUD End of Day Recap
Updated 00:30 GMT (04:30 EST)
GBPAUD is up 14 pips (0.07%) since yesterday (opening today near 1.8569), marking the 2nd day in a row it has gone up. Compared to its peers in the Forex, GBPAUD gave its buyers a return that ranked 13th in terms of percentage change since yesterday. Here is a price chart of GBPAUD.
GBPAUD Technical Analysis
Notably, GBPAUD is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 18 out of the past 30 days.