GBP/AUD Up 19 Pips in Last 4 Hours, 2 Day Up Streak Broken; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 1.38, which is bullish.
GBPAUD
(Last Updated July 2, 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
If we observe the 90, 30 and 14 day timeframes, we see a downtrend in place for GBPAUD.
GBPAUD Moving Averages
The moving averages on GBPAUD indicate a trend that is clearly bearish.
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 been most correlated with GBPCAD. Over the past 14 days, however, GBPNZD is the asset most correlated to GBPAUD. On the flip side, EURUSD has been the asset least correlated with GBPAUD — but over the past two weeks, the asset least correlated with GBPAUD has been AUDUSD. The chart below illustrates GBPAUD against its least correlated assets.
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GBP/AUD Down 4 Pips Over Past 4 Hours, Came Into Today Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
GBP/AUD Down 8 Pips Over Past 4 Hours, 2 Day Up Streak Snapped; in a Downtrend Over Past 90 Days
As for the rationale, technical traders seem to be citing the appearance of channel, divergence, flag, relative strength index, trendline and wedge technical patterns.
GBP/AUD Up 8 Pips in Last 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
GBP/AUD Down 8 Pips On 4 Hour Chart, 2 Day Down Streak Snapped; in a Downtrend Over Past 14 Days
Or to simplify this another way, note that out of the past 10 days gbp/aud’s price has gone down 6 them.
GBP/AUD Down 13 Pips On 4 Hour Chart, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a fibonacci technical pattern.
GBP/AUD Down 2 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Nears 20 Day Moving 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.
GBP/AUD Up 42 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 66 Pips in Last 4 Hours, Entered Today Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 1.25, which is bullish.
GBP/AUD Down 30 Pips On 4 Hour Chart, 3 Day Down Streak Ended; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 0.47, which is bearish.