GBP/AUD Down 14 Pips Over Past 4 Hours, 2 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart
Volatility for gbp/aud has been contracting over the past two weeks relative to volatility over the past month.
GBPAUD
(Last Updated May 28, 2020)
Welcome to the news page for GBPAUD (GBPAUD). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On GBPAUD, there is currently a downtrend on the 90, 30 and 14 day timeframes.
GBPAUD Moving Averages
GBPAUD’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bearish, implying a downward trend, aside from a spike about 6 months prior.
Below is a chart showing GBPAUD’s price with its moving averages.
As for correlation, As for assets in the Forex asset class GBPAUD has been correlated to over the past week, it has demonstrated the strongest correlation with EURSEK. If we zoom out to a two week basis, though, GBPNZD is the asset most correlated to GBPAUD. Alternatively, the asset least correlated with GBPAUD over the past week has been EURTRY, but over the past two weeks, GBPCHF has been the asset least correlated with GBPAUD. The chart below illustrates GBPAUD against its least correlated assets.
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GBP/AUD Up 63 Pips in Last 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
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.
GBP/AUD Down 23 Pips On 4 Hour Chart, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Confluence: still creating those lower lows, price trading bellow 1 hr 50 ema and trendline , which has been very strong….
GBP/AUD Down 25 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Doji Pattern Appearing on Chart
Relative to other instruments in the forex asset class, gbp/aud ranked 3rd the previous day in terms of percentage price change.
GBP/AUD Up 1 Pips in Last 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
GBP/AUD Up 27 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 2, which is bullish.
GBP/AUD Up 41 Pips On 4 Hour Chart, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
The closest is the 20 day average, which is 440.7 pips away.
GBP/AUD Down 67 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
GBP/AUD Down 46 Pips Over Past 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, gbp/aud ranked 11th yesterday in terms of percentage price change.
GBP/AUD Down 18 Pips On 4 Hour Chart, 2 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, gbp/aud ranked 18th yesterday in terms of percentage price change.