GBPAUD Up 6 Pips in Last Hour, Crosses 20 Day Moving Average; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 7 out of the past 10 days.
GBPAUD
(Last Updated January 18, 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 HIA New Home Sales MoM | Dec 2020 | Australian Dollar | AUD | 2021-01-19 | 00:00 GMT | ||
| United Kingdom BoE Haldane Speech | NA | British Pound | GBP | 2021-01-19 | 18:00 GMT | ||
| Australia Westpac Consumer Confidence Change | Jan 2021 | Australian Dollar | AUD | 2021-01-19 | 23:30 GMT | ||
| Australia Westpac Consumer Confidence Index | Jan 2021 | Australian Dollar | AUD | 2021-01-19 | 23:30 GMT | ||
| United Kingdom Inflation Rate MoM | Dec 2020 | British Pound | GBP | 2021-01-20 | 07:00 GMT | 0.2% |
The Trend
On GBPAUD, there is currently a downtrend on the 90 and 30 day timeframes.
GBPAUD Moving Averages
GBPAUD’s moving averages suggest the trend on a number of time horizons is bearish.
The chart below illustrates.
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. Over the past 14 days, however, the asset showing the strongest correlation to GBPAUD is NZDJPY. Alternatively, the asset least correlated with GBPAUD over the past week has been EURNOK, but if we observe the prior two weeks, EURGBP has been the asset least correlated with GBPAUD. The chart below illustrates GBPAUD against its least correlated assets.
.
The View From the Weekly Timeframe
At the time of this writing, GBPAUD’s rate is up 173 pips (0.99%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. 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 28 Pips Over Past Hour, 3 Day Up Streak Ended; Breaks Below 20 Day Average
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
GBPAUD Down 2 Pips On Hourly Chart, Breaks Above 20 Day Average; Pin Bar Pattern Appearing on Chart
This move is a reversal from the hour prior, which saw price move up.
GBPAUD Down 16 Pips in Last Hour, Entered Today Up For the 2nd Consecutive Day; Doji Pattern Appearing on Chart
Price action traders may also wish to note that we see a doji candlestick pattern on gbpaud.
GBPAUD Up 29 Pips Over Past Hour, 5 Day Up Streak Broken; in a Downtrend Over Past 14 Days
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
GBPAUD Up 3 Pips On Hourly Chart, 5 Day Up Streak Snapped; in a Downtrend Over Past 14 Days
It’s been a feast for bulls operating on an hourly timeframe, as gbpaud has now gone up 4 of the past 5 hours.
GBPAUD Up 3 Pips On Hourly Chart, Moves Up For the 5th Straight Day; Nears 20 Day Moving Average
Relative to other instruments in the forex asset class, gbpaud ranked 6th the previous day in terms of percentage price change.
GBPAUD Up 19 Pips On Hourly Chart, Entered Today Up For the 4th Straight Day; in a Downtrend Over Past 30 Days
This imputes a buy/sell ratio of 1.43, which is bullish.
GBPAUD Down 5 Pips in Last Hour, Moves Up For the 3rd Straight Day; in a Downtrend Over Past 30 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
GBPAUD Down 3 Pips in Last Hour, 3 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down.