GBPAUD

(Last Updated November 27, 2020)

Hello! This is the news page for GBPAUD. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

Perhaps the most noteworthy trend we’re seeing on GBPAUD is at the 30 day level, where a clear downtrend is apparent.

GBPAUD Moving Averages

GBPAUD’s moving averages tell a multi-facted story about its trend. The 50 and 100 day averages suggest a bullish trend, as they are pointing upwards, while the 20 and 200 day averages are pointing downward, suggesting a bearish trend on those timeframes.

The chart below illustrates.

Regarding GBPAUD’s correlations over the past 7 days, it has demonstrated the strongest correlation with GBPNZD. If we zoom out to a two week basis, though, GBPCAD is the asset most correlated to GBPAUD. On the flip side, the asset least correlated with GBPAUD over the past week has been NZDJPY, but if we observe the prior two weeks, EURSEK has been the asset least correlated with GBPAUD. The chart below illustrates GBPAUD against its least correlated assets.

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The View From the Weekly Timeframe

At the moment, GBPAUD’s rate is down -0.0052 (-0.28%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. Of note is that the 20 week changed directions on GBPAUD; it is now pointing down. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The weekly chart below shows GBPAUD’s price action over the past year.

GBPAUD: The Monthly View

Clearest trend on the monthly is apparent at the 120 month timeframe.