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GBPAUD

(Last Updated February 24, 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 Wage Price Index YoY Q4 2020 Australian Dollar AUD 2021-02-24 00:30 GMT 1.1% 1.4%
Australia Wage Price Index QoQ Q4 2020 Australian Dollar AUD 2021-02-24 00:30 GMT 0.3% 0.6%
Australia Construction Work Done QoQ Q4 2020 Australian Dollar AUD 2021-02-24 00:30 GMT 1% -0.9%
United Kingdom BoE Monetary Policy Report Hearings NA British Pound GBP 2021-02-24 14:30 GMT
United Kingdom BoE Gov Bailey Testimony NA British Pound GBP 2021-02-24 14:30 GMT

The Trend

A trend/countertrend situation exists on GBPAUD, in which an uptrend exists on shorter timeframes but a downtrend appears on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.

GBPAUD Moving Averages

The moving averages on GBPAUD summarize its price action in an interesting way. The 20 and 50 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 100 and 200 day averages that imply a bearish trend. Ultimately, this suggests a bullish trend on shorter timeframes, compared to a bearish trend when observing more than 3 months of data.

Below is a chart showing GBPAUD’s price with its moving averages.

Regarding GBPAUD’s correlations over the past 7 days, it has demonstrated the strongest correlation with GBPNZD. Over the past 14 days, however, the asset showing the strongest correlation to GBPAUD is NZDCAD. On the flip side, the asset least correlated with GBPAUD over the past week has been EURSEK, but over the past two weeks, the asset least correlated with GBPAUD has been GBPCAD. See the chart below to observe the recent price action in GBPAUD versus those of assets it hasn’t been well correlated with.

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The View From the Weekly Timeframe

At the time of this writing, GBPAUD’s rate is up 50 pips (0.28%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 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.

GBPAUD Up 6 Pips in Last Hour, Moves Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags GBPAUD
February 16, 2021February 15, 2021

For additional context, note that price has gone up 9 out of the past 14 days.

GBPAUD Down 3 Pips On Hourly Chart, Price Base in Formation Over Past 14 Days; is Inching Close to 20 and 50 Day Averages

Categories Forex News Tags GBPAUD
February 15, 2021February 12, 2021

Compared to its peers in the forex, gbpaud gave its buyers a return that ranked 12th in terms of percentage change since the previous day.

GBPAUD Down 1 Pips in Last Hour, in an Uptrend Over Past 30 Days; Bearish Engulfing Pattern Present

Categories Forex News Tags GBPAUD
February 12, 2021February 11, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.

GBPAUD Down 5 Pips in Last Hour, 2 Day Down Streak Snapped; Nears 20 and 50 Day Moving Averages

Categories Forex News Tags GBPAUD
February 11, 2021February 10, 2021

Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.

GBPAUD Down 6 Pips Over Past Hour, Moves Down For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPAUD
February 10, 2021February 9, 2021

👍 💡 leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!

GBPAUD Down 1 Pips in Last Hour, Entered Today Down For the 2nd Consecutive Day; is Inching Close to 20 and 50 Day Averages

Categories Forex News Tags GBPAUD
February 9, 2021February 5, 2021

This move is a reversal from the hour prior, which saw price move up.

GBPAUD Down 24 Pips On Hourly Chart, Breaks Above 100 Day Average; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPAUD
February 5, 2021February 4, 2021

Compared to its peers in the forex, gbpaud gave its buyers a return that ranked 7th in terms of percentage change since yesterday.

GBPAUD Down 9 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Eyes 100 Day Average

Categories Forex News Tags GBPAUD
February 3, 2021February 3, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.

GBPAUD Down 0 Pips Over Past Hour, in a Downtrend Over Past 90 Days; Bullish Engulfing Pattern in Play

Categories Forex News Tags GBPAUD
February 3, 2021February 1, 2021

Price action traders may also wish to note that we see a pin bar candlestick pattern on gbpaud.

GBPAUD Down 10 Pips in Last Hour, Moves Up For the 4th Consecutive Day; Price Base in Formation Over Past 30 Days

Categories Forex News Tags GBPAUD
February 1, 2021January 29, 2021

Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down.

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