EURAUD Higher
i like EURAUD higher here.
news this morning of a statement for the russia/ukraine talks could lead to some unwinding of EUR shorts/commodity longs short term, AUD is a good one to bet against in this instance as i'm already bearish on AUD at the moment.
can see from the chart that EURAUD has been following gold/commodities inversely which suggests higher to me.
a lot of people seem quite long AUD and short EUR at the moment which helps when it comes to reversals.
sentiment for AUD is suggesting lower.
we've also broken the 50 HMA which is a good sign on trend exhaustion for me for this pair.
not trading/investment advise! feedback welcome
news this morning of a statement for the russia/ukraine talks could lead to some unwinding of EUR shorts/commodity longs short term, AUD is a good one to bet against in this instance as i'm already bearish on AUD at the moment.
can see from the chart that EURAUD has been following gold/commodities inversely which suggests higher to me.
a lot of people seem quite long AUD and short EUR at the moment which helps when it comes to reversals.
sentiment for AUD is suggesting lower.
we've also broken the 50 HMA which is a good sign on trend exhaustion for me for this pair.
not trading/investment advise! feedback welcome
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.