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EURAUD

EURAUD: 10/04/2024 | SetupsFX_ |Dear Traders, As we had explained before that EURAUD is likely to rebound once it come nears to a discounted price zone and price just did the exact same thing. Currently, we need ample volume for momentum to begin upwards, this trade currently in beginning stage and it is likely to continue rebounding as we progress. We need to keep an eye out at the downtrend trend line which remain vital for our trade to hit our target. If price rejects there then it is likely that it will create another lower low and may continue dropping. Good Luck and Trade Safe.
Long
by Setupsfx_
11
Strifor || GBPUSD-19/04/2024Preferred direction: BUY Comment: The British currency also remains on the long sheet. Here, too, at the beginning of the week, as with the euro, we gave priority to purchases. Unlike the euro , this currency pair updated its local minimum, which made it possible to collect additional liquidity and liquidate “extra” buyers before potential growth. The growth target remains at 1.25346 , growth to 1.26000 can also be considered. Both scenarios are activated. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
EURAUD Set To Fall! SELL! My dear followers, This is my opinion on the EURAUD next move: The asset is approaching an important pivot point 1.6565 Bias - Bearish Safe Stop Loss - 1.6600 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.6509 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Sell EURAUD Triangle BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a triangle pattern. Potential Short Trade : Entry: Below the broken support line of the triangle, ideally around 1.6570 after confirmation. Target Levels: 1.6477: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point. 1.6420: This is a further extension of the downside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order above the broken support line of the triangle, ideally around 1.6610. This helps limit potential losses if the price fails to break out and reverses upwards. Thank you.
Short
by KABHI_TA_TRADING
4
EURAUD Trading Plan 10/Apr/2024Hello Traders, Hope you all are doing good!! I expect EURAUD to go Up after completing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
EUR/AUD H4 | Rising into overlap resistanceEUR/AUD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.6563 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.6634 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance. Take profit is at 1.6465 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
EURAUD Will Fall! Short! Please, check our technical outlook for EURAUD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.646. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.642 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Strifor || NZDUSD-Mid-term viewPreferred direction: BUY Comment: Once again, we are considering the New Zealand dollar together with the Australian dollar , well, this is not surprising given their high correlation. Here, too, a recovery is expected in the medium term, but not everything is so simple, and still, before growth, there will most likely be updates to local lows. A more optimistic scenario is exactly what it looks like and can be found on the chart within scenario №1. Scenario №2 is more aggressive on the part of the seller, and here it would be best to look for long-positions at the support level of 0.59018 . Above the level of 0.60713 the target is not considered. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
3
EURAUDOn the monthly charts we have abearish trend targeting the monthly low. On the weekly charts we have registered a change of character on the long term trend. We have confirmed the reversal from bullish to bearish. On thedaily charts we have an internal break awaiting break of key levels to confirm sell limit orders. On the 4 hour charts we have a minor bearish correction, once the correction endsand we have confirmation, we shall look for sell limits targeting the demand at 1.6 price handle
by morrisgitau
The only way to be happy is by shorting the EURAUDAUD perspective: Positive: - The Australian economy is weakening, BUT compared to the European "experts" it is holding up quite well (very difficult I know) -> there is no sign of a recession in Australia so far, quite the opposite of the Eurozone, I had already predicted the inevitable recession in my EURCAD trade idea here - Retail sales came in stronger than consensus expectations (+0.3%) at +0.9%. - Inflation came in WAY higher than the market or the RBA expected, forcing the Reserve Bank of Australia to raise rates at least 1 if not 2 more times. - The market is pricing in the fewest rate cuts for the RBA in 2024 (none at all) - due to the shaky sentiment, the AUD should not appreciate in a one-way street, but rather steadily and constantly BUT: as the old saying goes: "A good kangaroo only jumps as high as it has to." Negative: - The trade balance has weakened somewhat recently - Any risk-off episode (e.g. an escalation of the Middle East conflict) would hurt the AUD - China is increasing its fiscal packages for the economy, but so far the recovery of the Chinese economy has been rather sluggish. I don't need to say much about the sad outlook for the euro, as I have already covered this sufficiently in the previous trade ideas, whereby all my predictions have materialised -> Eurozone inflation fell to below 3% as I forecasted in July -> the ECB had to massively reduce its GDP forecasts (which are still too high) -> Germany is in a prolonged recession and will continue to be so into next year Sad for the Eurozone economybut good for my EUR shorts, these are making me very happy :)
Short
by PrimeTrading
131
I think EUR will increase againHello everyone, EUR/USD is currently recovering but remains below the 1.0800 level at the start of Wednesday. The pair is receiving support from a significantly weaker US Dollar, even as inflation cools in Germany and the market remains unconcerned about the Eurozone's HICP release, US ADP employment data, and Powell's speech. However, EUR/USD is predicted to encounter resistance early at the EMA 34, 89. The downtrend may still hold a significant advantage, but I believe it's breaking through resistance. Additionally, the pair trading below both EMAs is a disadvantage for buyers. Therefore, we'll wait for confirmation from a few candlesticks before making any decisions at this point.
by Midas_Calista
2
EURAUD I It will bounce from demand zone - BUY Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
I'm Back: EURAUD ShortMARKET PHASE OANDA:EURAUD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price then started it's initial move down and actually sustained selling pressure for some time. Due to the velocity of the downward move, priced gapped around 1.64394. During this morning, price hit 1.64394 a couple times and sold off aggressively, supporting our thesis. Our sell limit order was filled and we are now in a short with the following parameters: TRADE Sell Limit: 1.64394 Stop Loss: 1.64534 Take Profit: 1.64114
Short
by Mankz