(Last Updated July 16, 2021 18:19 GMT)
At the time of this writing, GBPAUD’s rate is down -27 pips (-0.15%) from the hour prior. GBPAUD has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists 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 1.86328, up 110 pips (0.59%) from the day prior. Relative to other instruments in the Forex asset class, GBPAUD ranked 5th the day prior in terms of percentage price change. Here is a price chart of GBPAUD.
GBPAUD Technical Analysis
The first thing we should note is that 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 up over that time. For additional context, note that price has gone up 8 out of the past 14 days.