Hourly Update

(Last Updated November 29, 2022 1:42 GMT)

At the time of this writing, GBPAUD’s rate is up 4 pips (0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the Trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly 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.

GBPAUD End of Day Recap

Updated 00:30 GMT (04:30 EST)

GBPAUD entered today at 1.79844, up 93 pips (0.52%) from yesterday. Out of the 39 instruments in the Forex asset class, GBPAUD ended up ranking 9th for the day in terms of price change. Let’s take a look at price chart of GBPAUD.

GBPAUD Technical Analysis

Coming into today GBPAUD is now close to its 20, 50 and 200 day averages, located at 1.778, 1.7617 and 1.756 respectively, and thus may be at a key juncture along those timeframes. 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 204.7 pips away. It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days GBPAUD’s price has gone up 9 them.

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