(Last Updated November 19, 2020 2:19 GMT)
At the moment, GBPAUD’s rate is down -5 pips (-0.03%) from the hour prior. This is the 2nd straight hour GBPAUD has seen its price head down. 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
GBPAUD End of Day Recap
Updated 00:30 GMT (04:30 EST)
GBPAUD is up 24 pips (0.13%) since yesterday (opening today near 1.8159), marking the 2nd straight day it has gone up. Out of the 40 instruments in the Forex asset class, GBPAUD ended up ranking 10th for the day in terms of price change. Below is a price chart of GBPAUD.
GBPAUD Technical Analysis
The first thing we should note is that GBPAUD is now close to its 20, 50 and 100 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 50 pips away. Or to simplify this another way, note that out of the past 10 days GBPAUD’s price has gone up 5 them.