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EURAUD

EURAUD Will Explode! BUY! My dear subscribers, This is my opinion on the EURAUD next move: The instrument tests an important psychological level 1.6020 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.6137 My Stop Loss - 1.5957 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
EURAUD selling Trading IdeaHello Traders In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET today EUR/AUD analysis 👆 🟢This Chart includes_ (EUR/AUD market update) 🟢What is The Next Opportunity on EUR/AUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
MY EURAUD SHORT IDEA 24/11/2024NOTE: THIS IS JUST A TRADE IDEA WHICH I MAY OR MAY NOT TAKE DEPENDING ON THE OPPORTUNITY PRESENTED, PRICE ACTION, AND ECONOMIC EVENTS THAT MAY HAPPEN. PLEASE DO YOUR OWN RESEARCH! If text is glitchy please use this link regal-marlin-2d3.notion.site ! (prod-files-secure.s3.us-west-2.amazonaws.com) President Question Template: 1. Why do you want to trade at the first place? 2. Did you take into account the current market condition, data, high impact news and what’s going on? 3. Even if you made your FA few weeks ago, you **MUST** keep on track and update it time to time. 4. Don’t just have a bias from four weeks ago and execute a trade today based on that you had four weeks ago. So it all started looking at www.myfxbook.com and I looked at the heatmap where it showed bearish in all time frames for EURAUD especially in the Monthly. ! (prod-files-secure.s3.us-west-2.amazonaws.com) This gave me an idea to start shorting the currency. I looked at the chart and what I found is every economic event and data is bearish for the EURO. To support my claim you can see see that there there are many events happening on the chart and every event is putting pressure on the price. ! (prod-files-secure.s3.us-west-2.amazonaws.com) Now it is very important for me to take into account what James says here. www.elitetraders.io > **EURO Macroeconomic Factors:** > > > Eurozone growth remains sluggish, with subdued inflation limiting the European Central Bank’s (ECB) ability to pivot hawkishly. Trade challenges persist, especially with the potential for US tariffs on European goods. > > ‍ > > **Key Drivers:Wage Growth:** > > Higher-than-expected wage growth in Germany provides mixed signals for inflation. > > ‍ > > **Geopolitical Risks:** > > Ongoing trade tensions with the US and challenges in the energy sector weigh on sentiment. > > ‍ > > **Outlook:Short-term:** > > Limited upside amid weak macro data and geopolitical concerns. > > ‍ > > **Medium-term:** > > Gradual recovery if energy prices stabilize and ECB policies support growth. > > ‍ > > **Long-term:** > > Structural reforms and green transition initiatives could underpin stronger growth. > > AUD > **Macroeconomic Factors:** > > Declining energy prices and a weaker Australian-US interest rate spread have pressured the AUD. Domestic growth concerns persist, with a softening labor market and mixed performance in commodity exports. > > ‍ > > **Key Drivers:Monetary Policy:** > > The Reserve Bank of Australia (RBA) remains cautious, with markets pricing in a lower probability of rate hikes compared to peers. > > ‍ > > **Commodities:** > > Iron ore, a key export, faces headwinds from reduced demand in China, while the broad commodity complex shows mixed signals. > > ‍ > > **Outlook:Short-term (Next Week):** > > A slight rebound may occur if risk sentiment stabilizes globally, but volatility remains tied to Chinese economic data. > > ‍ > > **Medium-term (Months Ahead):** > > Modest appreciation expected if China's stimulus measures translate into higher demand for Australian exports. > > ‍ > > **Long-term (2025):** > > Structural improvements in trade balances and diversification in export markets could support AUD recovery. > According to what James has said, AUD will face some volatility in the next week for the short term according to risk sentiment stability and Chinese economic data. In the Medium term it depends on China’s stimulus measures which could translate into higher demand for Australian exports. As for EURO there are many weak macro data and geopolitical concerns with fear of US tariff on Euro. Euro must find good recovery in Energy prices in order for it to stabilize. Sentiment: ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) COT DATA EUR: ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) AUD: ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) So according to the sentiment data, we can see clearly that retail traders are favoring longing the position probably due to past price action where it bounces off of the price level 1.60425 and create a support zone. But even if hypothetically there is a support zone this zone is most likely about to get invalidated. Price is below 200 EMA signaling a bearish price action for the EURAUD and we can see lower lows on the RSI. As for the COT and SMART money we can notice that they are buying AUD and selling the EURO due to negative economic status on the EURO. ! (prod-files-secure.s3.us-west-2.amazonaws.com) Order book is showing 37 ASKS position vs 24 at the 1.62 zone. Signaling more Sell positions are present at that level giving a solid resistance zone. ! (prod-files-secure.s3.us-west-2.amazonaws.com) Calendar: ! (prod-files-secure.s3.us-west-2.amazonaws.com) AUD CPI expected to be 2.5% by WED NOV 27 which is BULLISH especially if the number is higher than 2.5%. ! (prod-files-secure.s3.us-west-2.amazonaws.com) EUR German Prelim CPI m/M ! (prod-files-secure.s3.us-west-2.amazonaws.com) We can notice that that inflation is cooling down. Correlations: I noticed negative correlation with AUDUSD and AUDCAD but there is also a positive correlation with EURJPY. ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com) ! (prod-files-secure.s3.us-west-2.amazonaws.com)
Short
by stingotho
EURAUD is in The bullish DirectionHello Traders In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET today EUR/AUD analysis 👆 🟢This Chart includes_ (EUR/AUD market update) 🟢What is The Next Opportunity on EUR/AUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
EURAUD Is Bullish! Long! Please, check our technical outlook for EURAUD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.619. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.625 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURAUD Trading Opportunity! BUY! My dear subscribers, EURAUD looks like it will make a good move, and here are the details: The market is trading on 1.6223 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.6280 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURAUD Is Very Bearish! Short! Please, check our technical outlook for EURAUD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.634. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.625 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURAUD: Failed to recover the 1D MA50. Sell signal.EURAUD is bearish on its 1D technical outlook (RSI = 42.768, MACD = -0.001, ADX = 33.915) as it reversed just before reclaiming the 1D MA50. The 1D MACD is on a Bearish Cross since last Thursday and since August 5th every such formation completed a -3.63% decline. This time such a decline would reach the S2 level exactly, which is what we're aiming for (TP = 1.60115). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope