(Last Updated September 15, 2021 1:16 GMT)
At the moment, EURAUD’s rate is up 4 pips (0.02%) from the hour prior. This is the 2nd 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 down 8 pips (0.05%) since yesterday (opening today near 1.60262), marking the 2nd day in a row it has gone down. Out of the 39 instruments in the Forex asset class, EURAUD ended up ranking 25th for the day in terms of price change. The price chart of EURAUD below illustrates.
EURAUD Technical Analysis
Coming into today EURAUD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 15 out of the past 30 days. Also, candlestick traders! Note we see doji pattern appearing here as well.