(Last Updated December 27, 2021 1:39 GMT)
At the moment, GBPAUD’s rate is down 1 pips (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend 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 3 pips (0.01%) since yesterday (opening today near 1.8529), marking the 3rd consecutive day an increase has occurred. Relative to other instruments in the Forex asset class, GBPAUD ranked 12th yesterday in terms of percentage price change. Let’s take a look at price chart of GBPAUD.
GBPAUD Technical Analysis
The first thing we should note is that GBPAUD is now close to its 20, 50, 100 and 200 day averages, located at 1.8585, 1.8492, 1.8568 and 1.8544 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 200 day average, which is 14.9 pips away. Volatility for GBPAUD has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. For additional context, note that price has gone up 16 out of the past 30 days.
The View From Around the Web
Of note is that traders in aggregate have opinions on GBPAUD, with 4 buy signals on our radar and 0 sell signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
Breakout then correction then rise again ,this is the best time to Buy huge amount of GBPAUD ,because the Price will rise Strongly next week