November 12, 2021 21:50 GMT
Over the past 91 days, EURAUD’s price has been in a clear downtrend, falling by about $0.00 per day.
Over the past 135 days, EURAUD’s price has been in a clear downtrend, falling by about $0.00 per day.
EURAUD’s price has moved up $0.02 over the prior 33 weeks.
EURAUD has a price of $1.561, up 1.49% from its value 12 days prior.
+ Strongest correlations over previous 30 days within its asset class: AUDUSD, AUDCHF, and AUDJPY
+ Weakest correlation over previous 30 days within its asset class: USDMXN
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The closest is the 100 day average, which is 241.7 pips away.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
Relative to other instruments in the forex asset class, euraud ranked 16th the day prior in terms of percentage price change.
This is a reversal of the price action on the previous hour, in which price moved up.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.