EURAUD

(Last Updated March 16, 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 House Price Index QoQ	Q4 2020	Australian Dollar	AUD	2021-03-16	00:30 GMT	2%	3%
Australia RBA Meeting Minutes	NA	Australian Dollar	AUD	2021-03-16	00:30 GMT
Euro Area ECB Enria Speech	NA	Euro	EUR	2021-03-16	11:00 GMT
Australia RBA Kent Speech	NA	Australian Dollar	AUD	2021-03-16	23:30 GMT
Euro Area Inflation Rate YoY Final	Feb 2021	Euro	EUR	2021-03-17	10:00 GMT	0.9%

The Trend

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

EURAUD Moving Averages

EURAUD’s moving averages suggest the trend on a number of time horizons is bearish.

The chart below illustrates.

As for assets in the Forex asset class EURAUD has been correlated to over the past week, it has demonstrated the strongest correlation with NZDJPY. Over the past 14 days, however, USDCAD is the asset most correlated to EURAUD. On the flip side, NZDCAD has been the asset least correlated with EURAUD — but if we observe the prior two weeks, CHFJPY has been the asset least correlated with EURAUD. 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 -91 pips (-0.59%) from the week prior. It’s been a feast for bears operating on the weekly timeframe, as EURAUD has now gone down 4 of the past 5 weeks. 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. The weekly chart below shows EURAUD’s price action over the past year.