EURAUD

(Last Updated April 15, 2021)

Welcome to the news page for EURAUD (EURAUD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for EURAUD

metric_name	reference_period	asset_name	asset_id	date	time	forecast	outcome
Australia Employment Change	Mar 2021	Australian Dollar	AUD	2021-04-15	01:30 GMT	35K	70.7K
Australia Unemployment Rate	Mar 2021	Australian Dollar	AUD	2021-04-15	01:30 GMT	5.7%	5.6%
Australia Participation Rate	Mar 2021	Australian Dollar	AUD	2021-04-15	01:30 GMT	66.1%	66.3%
Australia HIA New Home Sales MoM	Mar 2021	Australian Dollar	AUD	2021-04-16	03:00 GMT
Euro Area Eurogroup Video Conference	NA	Euro	EUR	2021-04-16	08:00 GMT

The Trend

As for trends on EURAUD, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.

EURAUD Moving Averages

EURAUD’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bearish, implying a downward trend, aside from a jump about 3 weeks prior.

The chart below illustrates.

Regarding EURAUD’s correlations over the past 7 days, it has been most correlated with AUDJPY. If we zoom out to a two week basis, though, the asset showing the strongest correlation to EURAUD is AUDCHF. On the flip side, GBPCAD has been the asset least correlated with EURAUD — but if we observe the prior two weeks, the asset least correlated with EURAUD has been AUDCAD. See the chart below to observe the recent price action in EURAUD versus those of assets it hasn’t been well correlated with.

The View From the Weekly Timeframe

At the time of this writing, EURAUD’s rate is down -103 pips (-0.66%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly 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’s weekly price action over the past 52 weeks can be seen via the chart below.