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Eur-aud

EURAUD- 240 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
Long
by Tradelikemee
2
EURAUD looking up 🦐This pair after the break of the descending channel is trading below a daily resistance. The market after a series of lower low and lower high create a higher low. How can i approach this scenario? I will wait for a potential break of the resistance area and in that case i will look for a nice long order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
4
EUR AUD - FUNDAMENTAL DRIVERSEUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE Persistently high inflation has seen the ECB tilt more hawkish by hiking rates 50bsp in July. Additional pressure on inflation from gas supply shortages and drought-linked supply constraints has seen ECB members get more uneasy about price pressures, with comments last week suggesting that there is growing support for a 75bsp hike in September. This saw some initial upside in the EUR, but it’s important to remember that the bank quelled hawkish excitement at the July meeting by saying that frontloading hikes are not a signal of a higher terminal rate. Until that changes, higher rate expectations are likely only going to have short-lived upside potential for the Euro . Spread fragmentation, even though largely moving into the background, is still a concern, with the ECB failing to ease the market’s spread concerns with their new Transmission Protection Instrument (TPI) as the eligibility criteria means countries like Italy and Spain that will need the support the most might have a tough time qualifying. Even though policy is important, the main driver for the EUR is the economic outlook. Recent growth data has continued to flag recession risks and as energy concerns increase so too does the likelihood of stagflation. Even though the bias remains lower, a lot of negatives have been priced in from a tactical point of view so worth keeping that in mind. POSSIBLE BULLISH SURPRISES De-escalation or cease fire in Ukraine would open up a lot of EUR upside. Stagflation risks remains, but with lots of bad news priced any materially better-than-expected data could spark some relief. Spread fragmentation remains a concern, thus, any TPI comments that convinces markets it can solve fragmentation issues should be supportive for the EUR. Energy supply is a problem. If Russia does re-opens gas flows after the planned shutdown it should ease some pressure. Any good news on Rhine water levels and resumption of normal transport could be a bullish catalyst for the EUR. POSSIBLE BEARISH SURPRISES Any escalation in the Ukraine war that risks including NATO would be big negative risks. Stagflation risks remains, even with lots of bad news priced any materially worse-than-expected data could see more pressure. Spread fragmentation remains in focus, and if the ECB fails to act when we see big jolts higher in the BTP/ Bund spread could trigger bearish reactions in the EUR. Energy supply is a problem. If Russia does not re-open gas flows after the planned shutdown it should add downside risks. Any bad news on Rhine water levels and continued breakdown in transportation could be a bearish catalyst for the EUR. BIGGER PICTURE The fundamental outlook remains bearish with recent leading indicators pointing to a much faster economic slowdown than markets previously expected. The current bearish drivers (geopolitics, stagflation, spread fragmentation, energy supply concerns) far outweigh the positives from a hawkish ECB. Recession risks have opened up a narrative change for the EUR which have seen markets adjust forecasts to reflect higher recession probabilities which has continued to weigh on the EUR. With lots of bad news priced in there is risks in chasing the EUR lower, but the fundamental outlook remains bleak. AUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Despite a decent recovery from the start of the year, the AUD gave back most of its 1Q22 gains throughout 2Q22 due to China’s continued struggles with Covid breakouts, and more recently the big slump in key commodities (Iron Ore & Coal). China’s economy is always a key focus for the AUD. While other major economies are expected to slow in 2022, China was expected to grow (with monetary and fiscal policy very stimulative), but we are yet to see the new additional stimulus measures spill over into the soft and hard data. The expected recover, if it happens, remains a key consideration for the AUD. Our view in 1Q22 was that China’s expected recovery would be enough to keep commodities like Iron Ore supported even while other commodities push lower on global demand concerns, but the market proved us wrong on that assumption. The RBA stuck to a higher pace of tightening with a 50bsp hike in August, but it wasn’t enough to provide the AUD with upside as the bank mentioned their policy is not on a pre-determined path and also expressed growing concerns about consumers. While Iron Ore prices stays pressured and covid lockdowns in China persists, we maintain a neutral bias for the AUD. POSSIBLE BULLISH SURPRISES Positive Covid developments in China (easing restrictions, more fiscal or monetary support, or stopping their covid-zero policy) could trigger bullish reactions in the AUD. As a risk sensitive currency, catalysts that causes big bouts of risk on sentiment could trigger bullish reactions in the AUD. Any catalyst that triggers some recovery in Australia’s key commodity exports (China stimulus, lifting covid restrictions, new infrastructure projects in China, higher inflation fears) should be supportive for the AUD. With the RBA just getting started with their hiking cycle, there is scope for them to turn more aggressive, which means any overly hawkish comments or overly bullish CPI, or wage data could trigger some bullish reactions. POSSIBLE BEARISH SURPRISES Negative Covid developments in China (increasing restrictions or adding new ones) could trigger bearish reactions in the AUD and remains a course of concern. As a risk sensitive currency, catalysts that causes big bouts of risk off sentiment could trigger bearish reactions in the AUD. Any catalyst that triggers more downside in Australia’s key commodity exports (additional China restrictions, demand destruction fears, and additional news on recent centralized iron ore buyers) could be negative for the AUD. With the RBA just getting started with their hiking cycle, there is scope for them to turn more aggressive, but concerns about consumers & growth means any overly dovish comments could trigger some bearish reactions. BIGGER PICTURE The bigger picture outlook for the AUD is neutral for now, but that is largely dependent on what happens to China, whether key commodities like Iron Ore and Coal can stop their recent bleeding, and how long China struggles to recover their previously expected growth trajectory. Until the covid situation improves materially, and until commodities and China’s growth stabilizes, the AUD is best suited for short-term trades in line with strong short-term sentiment. Also keep in mind that the AUD is currently the most stretched among the other majors versus the US Dollar, so AUDUSD could be considered on any decent positive catalyst.
by thunderpips
1
💡Don't miss the great buy opportunity in EURAUDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.4363). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURAUD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 73. Take Profits: TP1= @ 1.4460 TP2= @ 1.4501 TP3= @ 1.4559 TP4= @ 1.4606 TP5= @ 1.4713 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
8
💡Don't miss the great buy opportunity in EURAUDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.4363). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURAUD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 73. Take Profits: TP1= @ 1.4460 TP2= @ 1.4501 TP3= @ 1.4559 TP4= @ 1.4606 TP5= @ 1.4713 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2
EUR/AUD Short from Resistance Level + Bearish channel | SELLEUR/AUD also like all the EUR pairs, it's inside a Bearish channel was, in the last sessions after a deep Pullback on the Dynamic trendline of the Bearish channel, works like Resistance, and after a retested again of the price level 1.4700, seems ready to follow the Bearish Main trend with a New Push down. The Stochastic it's outside the Overbought level with a Divergence meanwhile the RSI is still on the Bearish side. The price is under the 200 Sma and all these clues are for a Bearish continuation of the trend.
Short
by FOREXN1
3
EURAUD Bearish towards 1.40 but watch the 1D MA50The EURAUD pair has been following our long-term perspective as illustrated more than a month ago: As you see, the rejection on the 1D MA200 (orange trend-line) caused a strong sell sequence that came too close to testing the 1.4325 Support (April 05 Low). We remain well below the 1D MA50 (blue trend-line) with the RSI on Lower Highs. Within the multi-year Bearish Megaphone pattern that the pair has been trading in, there have been another two similar RSI patterns. The more recent (Oct - Nov 2021) managed to break above the 1D MA50 and reached almost its previous High/ Resistance. The older one (Jan 2021) got rejected on the 1D MA50 and reached as low as the 2.236 Fibonacci extension before rebounding. As a result, if you took our short suggested 1 month ago, you may take the profit and re-open it if last week's Low breaks and target at least the 2.236 Fib (1.400). If on the other hand the price closes above the 1D MA50, open a buy and target 1.5350. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
" EURAUD " Scalping Buy Trade With 200 Pips Good Morning Trader's ,, New Week ,, And New Charts Together ,, Hope Be All Of U Always In Profits Let's Explain This Scalping Trade On " EURAUD " On 15M Time Frame ,, 1- What The Trend Now ? IS Down Waiting For Break Out The Area And Trend To Change It To Up Trend 2- Why We Will Buy ? We Will Buy After Break Out The Trend Line And The Order Block Area ,, So We Have Great reasons To Buy 3- What IS The Recommendation Price To Break Out And Buy From It ? 1.44500 Stop Lose And Target On Chart
Long
by Fx_Vanguard
EURAUD - Potential Double Bottom 👀Hi Traders, EURAUD price action is shaping up for a potential buy opportunity. Looking at the HTF, price broke out of a descending channel following with a continuation correction which price impulsively broke higher creating higher lows but failed to continue any further. Looking at the LTF price made a double top and is currently consolidating which I will be looking for a buy opportunity at the double bottom area if only I see a bullish confirmation. Thanks Trade Safe
Long
by ktlfx
Ending wedge indicates higher prices on EURAUDEURAUD - Intraday - We look to Buy at 1.4575 (stop at 1.4475) Previous support located at 1.4600. Previous resistance located at 1.4700. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.4700 will confirm the bullish momentum. Our profit targets will be 1.4775 and 1.4800 Resistance: 1.4700 / 1.4750 / 1.4800 Support: 1.4600 / 1.4575 / 1.4500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Long
by OANDA
EUR/AUD:Price reject the 1.4800 area - 61.8% Fibo | SHORTThe 1.4800 Area of resistance seems for the EUR/AUD a wall to not go over. The price after a pullback to the 61.8% Fibo and the already cited area, the price reject violently and drop down with a decisive bearish candle also accomplice the presence of 50 Sma working also like dynamic resistance. The forecast of Ichimoku is bearish and the pattern created is an ABCD one. The stochastic is close to the overbought but the clues on our side will see it never reach this level of 80% and drop the price down directly.
Short
by FOREXN1
EURAUD for a lower low 🦐EURAUD on the 4h chart is testing an important support. The price after the test of the 0.381 Fib level is testing a few times the structure. How can i approach this scenario? According to Plancton's strategy IF the price will break below and satisfy the ACADEMY rules we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
2
We prefer to set shorts EURAUDEURAUD - Intraday - We look to Sell at 1.4625 (stop at 1.4725) Previous support located at 1.4500. Previous resistance located at 1.4550. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.4625, resulting in improved risk/reward. A move through 1.4500 will confirm the bearish momentum. Our profit targets will be 1.4375 and 1.4350 Resistance: 1.4550 / 1.4625 / 1.4700 Support: 1.4500 / 1.4450 / 1.4375 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
EURAUD Sell signal confirmedThe EURAUD pair got a massive rejection on the 1D MA200 (orange trend-line) on July 01 and since last week, it hasn't even regained its 1D MA50 (blue trend-line) suffering a strong sell-off. The long-term pattern is a Bearish Megaphone, technically such rejection should push the price to a new Lower Low. Based on a similar fractal last February, we can go as low as the 2.5 Fibonacci extension. We have a more moderate target on the diverging Lower Lows trend-line at just above 1.4000. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2