(Last Updated September 10, 2021 2:19 GMT)
At the moment, GBPAUD’s rate is up 5 pips (0.03%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 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 up 84 pips (0.45%) since yesterday (opening today near 1.87776), marking the 3rd straight day it has gone up. Compared to its peers in the Forex, GBPAUD gave its buyers a return that ranked 2nd in terms of percentage change since yesterday. Let’s take a look at price chart of GBPAUD.
GBPAUD Technical Analysis
Notably, the current price of GBPAUD 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 14 day timeframe, which shows price moving down over that time. 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 up 16 out of the past 30 days.