Hourly Update

(Last Updated November 30, 2022 1:44 GMT)

At the moment, GBPAUD’s rate is up 3 pips (0.01%) from the hour prior. The hourly chart shows that Gbpaud has seen 3 straight up hours. 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 1.78947, down 90 pips (0.5%) from the day prior. Out of the 39 instruments in the Forex asset class, GBPAUD ended up ranking 34th for the day in terms of price change. Below is a price chart of GBPAUD.

GBPAUD Technical Analysis

The first thing we should note is that GBPAUD is now close to its 20, 50 and 200 day averages, located at 1.7776, 1.7635 and 1.7556 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 118.3 pips away. It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish 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 10 days GBPAUD’s price has gone up 7 them.

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