GBP/AUD Down 40 Pips in Last 4 Hours, Makes Big Move Relative to Past Month; in a Downtrend Over Past 90 Days

GBP/AUD 4 Hour Price Update

Updated July 22, 2020 09:22 AM GMT (05:22 AM EST)

GBP/AUD is down 40 pips (0.22%) since the last 4 hour candle (opening the current 4 hour candle near 1.7785), marking the 10th candle in a row a decline has happened. Relative to other instruments in the Forex asset class, GBP/AUD ranked 33rd the last 4 hour candle in terms of percentage price change.

GBP/AUD End of Day Recap

Updated 00:30 GMT (04:30 EST)

GBP/AUD is down 20 pips (0.11%) since yesterday (opening today near 1.78408), marking the 2nd day in a row a decrease has occurred. Compared to its peers in the Forex, GBP/AUD gave its buyers a return that ranked 39th in terms of percentage change since yesterday. Here is a price chart of GBP/AUD.

GBP/AUD Technical Analysis

Coming into today the current price of GBP/AUD is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 15 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

We’re seeing some traders come out with interesting conviction on GBPAUD, with 18 buy signals on our radar and 11 sell signals. This imputes a buy/sell ratio of 1.64, which is bullish. Here’s a piece we found on fxempire.com; below is a short snippet from it to give you a taste.

GBP/AUD is showing a strong and impressive bearish momentum during the breakout. The downtrend is in full speed and expected to continue lower.