GBP/AUD Up 1 Pips in Last 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart

GBP/AUD 4 Hour Price Update

Updated May 25, 2020 09:07 PM GMT (05:07 PM EST)

GBP/AUD is up 1 pips (0.01%) since the last 4 hour candle (opening the current 4 hour candle near 1.8631), 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 18th in terms of percentage change since the last 4 hour candle.

GBP/AUD End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for GBP/AUD, which started today off at 1.8608, up 3 pips 0.02% from the previous day. Compared to its peers in the Forex, GBP/AUD gave its buyers a return that ranked 21st in terms of percentage change since the previous day. Below is a price chart of GBP/AUD.

GBP/AUD Technical Analysis

Coming into today GBP/AUD is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 20 day average, which is 345 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 10 days GBP/AUD’s price has gone up 5 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!