(Last Updated July 19, 2022 1:37 GMT)
At the time of this writing, EURAUD’s rate is up 3 pips (0.02%) from the hour prior. This is the 3rd straight hour EURAUD has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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.
EURAUD End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURAUD is up 39 pips (0.26%) since yesterday (opening today near 1.4889), marking the 2nd consecutive day an increase has occurred. Compared to its peers in the Forex, EURAUD gave its buyers a return that ranked 17th in terms of percentage change since yesterday. Here is a price chart of EURAUD.
EURAUD Technical Analysis
Notably, the current price of EURAUD is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 100 day average, which is 31.3 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. For additional context, note that price has gone down 6 out of the past 10 days.