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EURAUD

(Last Updated January 18, 2021)

Hello! This is the news page for 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
Euro Area Eurogroup Video Conference NA Euro EUR 2021-01-18 08:00 GMT
Euro Area ECB President Lagarde Speech NA Euro EUR 2021-01-18 08:00 GMT
Australia HIA New Home Sales MoM Dec 2020 Australian Dollar AUD 2021-01-19 00:00 GMT
European Union New Car Registrations YoY Dec 2020 Euro EUR 2021-01-19 07:00 GMT
Euro Area Construction Output YoY Nov 2020 Euro EUR 2021-01-19 10:00 GMT

The Trend

If we observe the 90, 30 and 14 day timeframes, we see a downtrend in place for EURAUD.

EURAUD Moving Averages

Across several time periods between 20 and 200 days, the trend on EURAUD has remained consistently bearish.

Below is a chart showing EURAUD’s price with its moving averages.

As for assets in the Forex asset class EURAUD has been correlated to over the past week, it has been most correlated with ZARJPY. Over the past 14 days, however, the asset showing the strongest correlation to EURAUD is AUDCHF. Alternatively, USDNOK has been the asset least correlated with EURAUD — but if we observe the prior two weeks, the asset least correlated with EURAUD has been GBPNZD. The chart below illustrates EURAUD against its least correlated assets.

.

The View From the Weekly Timeframe

At the time of this writing, EURAUD’s rate is down -57 pips (-0.36%) from the week prior. EURAUD has seen its price go down 4 out of the past 5 weeks, thus creating some compelling opportunities for bears. 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.

EURAUD: The Monthly View

Clearest trend on the monthly is apparent at the 120 month timeframe.

EUR/AUD Up 12 Pips Over Past Hour, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags EURAUD
January 22, 2021

This imputes a buy/sell ratio of 1.83, which is bullish.

EUR/AUD Up 30 Pips in Last Hour, 3 Day Up Streak Broken; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags EURAUD
January 21, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.

EURAUD Up 3 Pips On Hourly Chart; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags EURAUD
January 22, 2021January 19, 2021

As for the rationale, technical traders seem to be citing the appearance of demand zone and supply zone technical patterns.

EURAUD Down 16 Pips in Last Hour, Came Into Today Up For the 2nd Straight Day; in a Downtrend Over Past 30 Days

Categories Forex News Tags EURAUD
January 19, 2021January 18, 2021

Of note is that the 20 hour changed directions on euraud; it is now pointing down.

EURAUD Up 35 Pips On Hourly Chart; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURAUD
January 18, 2021January 15, 2021

Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

EURAUD Up 1 Pips On Hourly Chart; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURAUD
January 15, 2021January 14, 2021

Price action traders may also wish to note that we see a pin bar candlestick pattern on euraud.

EURAUD Up 4 Pips Over Past Hour; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURAUD
January 14, 2021January 13, 2021

Relative to other instruments in the forex asset class, euraud ranked 16th the previous day in terms of percentage price change.

EURAUD Up 15 Pips On Hourly Chart; in a Downtrend Over Past 30 Days

Categories Forex News Tags EURAUD
January 13, 2021January 12, 2021

This is a reversal of the price action on the previous hour, in which price moved down.

EURAUD Down 1 Pips Over Past Hour, 4 Day Down Streak Broken; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURAUD
January 12, 2021January 8, 2021

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.

EURAUD Down 4 Pips Over Past Hour, Entered Today Down For the 3rd Day In A Row; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURAUD
January 8, 2021January 7, 2021

For additional context, note that price has gone down 17 out of the past 30 days.

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