EUR/AUD Up 16 Pips Over Past 4 Hours, Crosses 20 Day Moving Average; Doji and Pin Bar Patterns Appearing on Chart

EUR/AUD 4 Hour Price Update

Updated June 24, 2020 01:13 PM GMT (09:13 AM EST)

EUR/AUD is up 16 pips (0.1%) since the last 4 hour candle (opening the current 4 hour candle near 1.6345), marking the 3rd candle in a row it has gone up. Out of the 37 instruments in the Forex asset class, EUR/AUD ended up ranking 11th for the four-hour candle in terms of price change.

EUR/AUD End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for EUR/AUD, which started today off at 1.6302, down 15 pips 0.09% from yesterday. Compared to its peers in the Forex, EUR/AUD gave its buyers a return that ranked 38th in terms of percentage change since yesterday. Let’s take a look at price chart of EUR/AUD.

EUR/AUD Technical Analysis

First things first: EUR/AUD crossed below its 20 day moving average yesterday. 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 0.5 pips away. Volatility for EUR/AUD has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 10 days EUR/AUD’s price has gone down 6 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing doji and pin bar patterns appearing here.