(Last Updated September 8, 2021 12:19 GMT)
Currently, GBPAUD’s rate is down -3 pips (-0.02%) from the hour prior. The hourly chart shows that GBPAUD has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 entered today at 1.86537, up 51 pips (0.27%) from the previous day. Out of the 39 instruments in the Forex asset class, GBPAUD ended up ranking 14th for the day in terms of price change. Let’s take a look at price chart of GBPAUD.
GBPAUD Technical Analysis
Coming into today the current price of GBPAUD is sitting close to its 20, 50, 100 and 200 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 14 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone down 6 out of the past 10 days. And for candlestick traders, a special treat: there is a morning star pattern showing up on the charts as well. Rejoice!