Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down.
It should be noted, though, the 50 day simple moving average turned downwards, which may be a bearish sign.
Price action traders may also wish to note that we see a pin bar candlestick pattern on gbpaud.
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.
The closest is the 20 day average, which is 0.9 pips away.
The closest is the 100 day average, which is 36.3 pips away.
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
Relative to other instruments in the forex asset class, gbpaud ranked 36th yesterday in terms of percentage price change.
Price action traders may also wish to note that we see a doji candlestick pattern on gbpaud.
This is a reversal of the price action on the previous hour, in which price moved up.