GBP/AUD Up 19 Pips On 4 Hour Chart, Came Into Today Up For the 9th Day In A Row; in an Uptrend Over Past 14 Days

GBP/AUD 4 Hour Price Update

Updated August 03, 2020 05:07 AM GMT (01:07 AM EST)

GBP/AUD is up 19 pips (0.1%) since the previous 4 hours (opening the current 4 hour candle near 1.8347), marking the 2nd candle in a row it has gone up. Compared to its peers in the Forex, GBP/AUD gave its buyers a return that ranked 6th in terms of percentage change since the previous 4 hours.

GBP/AUD End of Day Recap

Updated 00:30 GMT (04:30 EST)

GBP/AUD is up 5 pips (0.03%) since yesterday (opening today near 1.83179), marking the 9th day in a row it has gone up. Out of the 40 instruments in the Forex asset class, GBP/AUD ended up ranking 15th for the day in terms of price change. Below is a price chart of GBP/AUD.

GBP/AUD

GBP/AUD Technical Analysis

Notably, the current price of GBP/AUD is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 14 days GBP/AUD’s price has gone up 11 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!