GBP/AUD Up 3 Pips in Last Hour, in an Uptrend Over Past 14 Days; Eyes 20 Day Average
Or to simplify this another way, note that out of the past 14 days gbpaud’s price has gone up 8 them.
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.
GBPAUD Down 27 Pips in Last Hour; 2 Day Down Streak Broken
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
GBPAUD Up 3 Pips On Hourly Chart, 2 Day Up Streak Ended; Doji and Pin Bar Patterns Appearing on Chart
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
GBPAUD Up 2 Pips Over Past Hour, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 90 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
GBPAUD Down 4 Pips in Last Hour
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
GBPAUD Up 1 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Breaks Above 20 Day Average
Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
GBPAUD Up 11 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 90 Days
Compared to its peers in the forex, gbpaud gave its buyers a return that ranked 14th in terms of percentage change since the day prior.
GBPAUD Down 5 Pips Over Past Hour, Crosses 20 Day Moving Average; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
GBPAUD Down 4 Pips On Hourly Chart, in an Uptrend Over Past 90 Days; is Inching Close to 20 Day Average
This is a reversal of the price action on the previous hour, in which price moved up.
GBPAUD Up 7 Pips On Hourly Chart, Came Into Today Up For the 3rd Straight Day; Price Base in Formation Over Past 14 Days
This is the 2nd consecutive hour gbpaud has seen its price head up.