(Last Updated July 15, 2021 2:6 GMT)
At the moment, GBPAUD’s rate is up 3 pips (0.01%) from the hour prior. The hourly chart shows that GBPAUD has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 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 down 29 pips (0.16%) since yesterday (opening today near 1.85229), marking the 2nd consecutive day it has gone down. Relative to other instruments in the Forex asset class, GBPAUD ranked 25th yesterday in terms of percentage price change. The price chart of GBPAUD below illustrates.
GBPAUD Technical Analysis
Notably, GBPAUD is now close to its 20, 50 and 100 day averages, located at 1.8437, 1.8366 and 1.8181 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days GBPAUD’s price has gone up 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.