EURAUD Bearish

Analysis Price: 1.7415 (Updated: 17 May 2025, 15:39 UTC)

Comprehensive analysis for EURAUD showing predominantly bearish sentiment with 82% of traders in short positions. Market structure, technical patterns, and key levels examined across multiple timeframes.

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Signal Overview

Bearish High Confidence Low Risk

Market Consensus:

18% Long

82% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a high confidence bearish bias for EURAUD (signal strength: 63%). Supporting factors include: High probability (95%) resistance zone detected at 1.75; Retail sentiment is 70% bearish; Technical patterns identified: Bearish Rectangle (H1). Risk assessment for this trade is low. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

LONG SHORT

30% 70%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bearish sentiment with 70% of traders holding short positions. The market has a negative bias, but watch for signs of exhaustion if this percentage increases further.

Support & Resistance Analysis

Resistance Levels

R1: 1.7521 0.61% ↑

Analysis Price: 1.7415

Support Levels

S1: 1.7253 0.93% ↓

Market Regime:

Downtrend

Analyst Bias:

Unknown

Direction Probability:

75%

Price Position Analysis

Price is between support at 1.7253 (0.93% below analysis price) and resistance at 1.7521 (0.61% above), with slightly closer proximity to resistance. Watch for rejection confirmation at resistance or break above.

Chart Pattern Analysis

53%

Symmetric Triangle

Reliability:

53%

Detected: May 17, 04:51

Pattern Analysis Interpretation

Predominantly neutral patterns detected, suggesting a potential consolidation phase. The most reliable pattern is a neutral Symmetric Triangle on the D1 timeframe with 53% historical reliability. This pattern is currently only confirmed on the D1 timeframe.

High Probability Zones

No high probability zones detected for EURAUD at this time.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

33.0

Volatility Regime:

Normal

Volatility Level:

63%

10-Day ATR Trend

Volatility Interpretation (H1)

EURAUD is showing normal volatility (63 percentile) with an expected daily range of 33.0 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with EURAUD

AUDJPY

-0.86

AUDCHF

-0.86

EURUSD

0.82

EURJPY

0.82

GBPAUD

0.76

Correlation Interpretation

Understanding how EURAUD correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

EURAUD shows strong positive correlation with: EURUSD, EURJPY, GBPAUD. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

EURAUD shows strong negative correlation with: AUDJPY, AUDCHF. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

EUR

-0.25

Neutral

AUD

-0.29

Neutral

Relative Strength:

0.04

Neutral Bias

Currency Strength Interpretation (M15)

EUR and AUD show similar strength levels on the M15 timeframe, with a relative strength of 0.04. This indicates a neutral bias for EURAUD and suggests range-bound trading conditions may be more likely.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on EURAUD to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.