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.

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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.

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