GBP/AUD Down 10 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 30 Days

3 mins read

Hourly Update (Last Updated February 22, 2021 1:50 GMT) Currently, GBPAUD’s rate is down -10 pips (-0.06%) from the hour prior. GBPAUD has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on GBPAUD. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote…

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