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
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.