EUR/AUD 4 Hour Price Update
Updated April 01, 2020 01:06 PM GMT (09:06 AM EST)
A moment of silence, please, for the end of EUR/AUD’s 3 four-hour candle up streak; price ended the last 4 hour candle down 26 pips (-0.14%) to finish the four-hour candle at a rate of 1.8039. Relative to other instruments in the Forex asset class, EUR/AUD ranked 28th the last 4 hour candle in terms of percentage price change.
EUR/AUD End of Day Recap
Updated 00:30 GMT (04:30 EST)
EUR/AUD is up 2 pips (0.01%) since the day prior (opening today near 1.7978), marking the 2nd day in a row an increase has occurred. Relative to other instruments in the Forex asset class, EUR/AUD ranked 24th the day prior in terms of percentage price change. Let’s take a look at price chart of EUR/AUD.
EUR/AUD Technical Analysis
Coming into today EUR/AUD is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. Or to simplify this another way, note that out of the past 10 days EUR/AUD’s price has gone down 7 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.