GBP/AUD Down 4 Pips On Hourly Chart, Entered Today Down For the 2nd Straight Day; Nears 20 and 50 Day Moving Averages
This is the 2nd straight hour gbpaud has seen its price head down.
GBPAUD
(Last Updated April 15, 2021)
Welcome to the news page for GBPAUD (GBPAUD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for GBPAUD
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Australia Employment Change | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 35K | 70.7K |
| Australia Unemployment Rate | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 5.7% | 5.6% |
| Australia Participation Rate | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 66.1% | 66.3% |
| United Kingdom BoE Credit Conditions Survey | NA | British Pound | GBP | 2021-04-15 | 08:30 GMT | ||
| Australia HIA New Home Sales MoM | Mar 2021 | Australian Dollar | AUD | 2021-04-16 | 03:00 GMT |
The Trend
As for trends on GBPAUD, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
GBPAUD Moving Averages
The moving averages on GBPAUD indicate a trend that is clearly bearish. Moreover, it should also be noted that the 20 and 50 SMA just turned bearish today.
Below is a chart showing GBPAUD’s price with its moving averages.
As for assets in the Forex asset class GBPAUD has been correlated to over the past week, it has demonstrated the strongest correlation with GBPNZD. GBPAUD has been most correlated with GBPNZD over the past 14 days also, so this may be a recurring pattern. On the flip side, USDTRY has been the asset least correlated with GBPAUD — but if we observe the prior two weeks, ZARJPY 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 -144 pips (-0.8%) from the week prior. Moreover, note that the weekly chart shows that GBPAUD has seen 2 straight down weeks. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly 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. The weekly chart below shows GBPAUD’s price action over the past year.
GBPAUD: The Monthly View
Monthly trend: strongest on the 120 month timeframe.
GBP/AUD Up 14 Pips Over Past Hour, Breaks Below 50 Day Average; in an Uptrend Over Past 90 Days
Compared to its peers in the forex, gbpaud gave its buyers a return that ranked 35th in terms of percentage change since the day prior.
GBP/AUD Up 8 Pips Over Past Hour; Breaks Above 50 Day Average
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.
GBPAUD Down 12 Pips in Last Hour, Crosses 50 Day Moving Average; in an Uptrend Over Past 14 Days
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.
GBPAUD Up 8 Pips On Hourly Chart, Crosses 50 Day Moving Average; in an Uptrend Over Past 14 Days
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
GBPAUD Up 3 Pips in Last Hour
This is a reversal of the price action on the previous hour, in which price moved down.
GBPAUD Up 12 Pips in Last Hour; is Inching Close to 20 and 50 Day Averages
Price action traders may also wish to note that we see a doji candlestick pattern on gbpaud.
GBPAUD Down 7 Pips Over Past Hour, in an Uptrend Over Past 90 Days; is Inching Close to 20 and 50 Day Averages
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
GBPAUD Up 7 Pips On Hourly Chart, Moves Down For the 2nd Consecutive Day; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
GBPAUD Up 14 Pips On Hourly Chart, 4 Day Up Streak Broken; Crosses 50 Day Moving Average
Relative to other instruments in the forex asset class, gbpaud ranked 33rd the previous day in terms of percentage price change.