EURAUD

(Last Updated May 28, 2020)

Hello! This is the news page for EURAUD. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

If we observe the 30 and 14 day timeframes, we see a downtrend in place for EURAUD.

EURAUD Moving Averages

The moving averages on EURAUD summarize its price action in an interesting way. The 100 and 200 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 20 and 50 day averages that imply a bearish trend. This implies that the long-term trend — meaning going back over 3 months — is bullish, while the trend over the past month and a half is bearish.

The chart below illustrates.

As for correlation, Regarding EURAUD’s correlations over the past 7 days, it has demonstrated the strongest correlation with EURNZD. EURAUD has been most correlated with EURNZD over the past 14 days also, so this may be a recurring pattern. On the flip side, the asset least correlated with EURAUD over the past week has been EURCHF, but over the past two weeks, the asset least correlated with EURAUD has been EURGBP. See the chart below to observe the recent price action in EURAUD versus those of assets it hasn’t been well correlated with.

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