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EURAUD trade ideas

Bullish bounce off pullback support?EUR/AUD has bounced off the pivot which has been identified as a pullback support and could rise to the 1st resistance. Pivot: 1.6398 1st Support: 1.6328 1st Resistance: 1.6506 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURAUD Showing Strong Momentum: Awaiting Ideal Long EntryThis setup highlights a recurring pattern that has consistently delivered strong results in the past. With the current market movement, it's advisable to wait for a healthy retracement, presenting an opportunity for a potential long entry. Many buyers likely anticipated a longer consolidation and missed their chance to enter earlier, increasing the likelihood of a retest of the recent low. Patience and timing could turn this into an ideal entry point with strong potential for upside momentum.
Long
by FogWalkerTrader
EURAUD Range Shift Ends with Support BreakdownEURAUD was moving upward and experienced a Range Shift, where the support level gradually moved higher. However, after repeated tests, the support level failed, and the price broke below it, indicating weakness in buying pressure. Now that the support is broken, it has turned into resistance. Before continuing downward, the price might retrace back up to test this new resistance level. If the test is successful, meaning the price rejects and fails to move above, it signals further downside movement.
Short
by FXTradingAnalysis
EURAUD SHORT Market structure bearish on HTFs DW Entry at both Daily and Weekly AOi Weekly Rejection at AOi Daily Rejection at AOi Previous Structure point Daily Daily EMA retest Around Psychological Level 1.66500 H4 EMA retest H4 Candlestick rejection Rejection from Previous structure Potential Head and Shoulder on H4 Levels 5.87 Entry 105% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King.
Short
by mobbie_zw
EURAUD 2HShortFondamentally , the australian dollar should lose value because of the the last night cut of the RBA. But , in fact, the RBA ade what we call a "hawkish cut" by cutting interest rate like it was predicted by the STIR Markets , but in their statement, the RBA , didn't spoke about futures cut because the inflation rest somehow elevated although it's coming closer to their target. By the other hand, the BCE is holding a dovish speech. Rcently in the end of january, Lagarde statement after the Interest rate cuts, symbolised a dovish position hold by the ECB. The economy isn't good in the eurozone, especially in Germany and France. Polititcal tensions through manifestions in Berlin doesn't help it so much. Also the fact that the US and Russia are holding negociations for the War in Ukraine, and it's seem like the Euro zone countries aren't invited at the table. But keep in mind that if the war in ukraine is over, this might give the euro what it's need to regain trust in the foreign capital. So fundamentally , at medium term its' seem that the pair is gowing down. I have my directions. Now to execute: technically in the Daily TF we can see a rising triangle that is about to be broken, led by a beautiful Double Top. In the 4H TF, we can see a second Double top on the resistance at 1.66400and a long wick, indicating a potentiel reversal to the downside. Also, the SMA 50 that has been acting as a support since a long time, has been broken to the downside. At the 2H, i decide to put a sell stop a the break of the big TL on the Daly TF. My SL is behind the HH and behind that double top at 1.66400. My TP is a the bottom of the rising triangle on the Daily TF. MY RR = 3.42R and i'm taking a reduced risk because of the volatility that the market is knowing since Trump has taken power.
Short
by Marco-kh
EUR/AUD: Weekly Engulfing Bar Pullback!The recent performance of the EUR/AUD exchange rate shows a fluctuating trend, with a slight recovery, closing at approximately 1.6450 in the first week of February. In the preceding days, the rate experienced several declines, with a significant drop. These fluctuations reflect the economic dynamics of both the Eurozone and Australia. In the Eurozone, inflation unexpectedly rose to 2.5% in January, exceeding the European Central Bank’s 2% target for the third consecutive month. Despite this, the ECB plans to continue cutting interest rates, expecting inflation to reach its 2% target over the year. Meanwhile, the Eurozone economy showed no growth in the last quarter of 2024, with contractions in Germany and France and stagnation in Italy. In Australia, the leading economic indicators index increased by 0.2% in October 2024, suggesting a slight economic recovery. However, Australian Treasurer Jim Chalmers confirmed a worsening fiscal deficit, projected to rise by AUD 21.8 billion over the next four years, mainly due to unavoidable expenditures. These economic developments impact the EUR/AUD exchange rate, with the Euro benefiting from a more accommodative monetary policy while Australia faces fiscal challenges. Despite the recent upward movement, the negative trends from previous sessions and technical analysis suggest caution is warranted when assessing the short-term trajectory of the EUR/AUD exchange rate.
Short
by EdgeTradingJourney
1
EURAUDThe current head of the Reserve Bank of Australia (RBA) is Michele Bullock. She is the Governor of the Reserve Bank and chairs both the Payment Systems and Reserve Bank Boards. Her seven-year term began on September 18, 2023 and Andrew Hauser is the Deputy Governor. The current President of the European Central Bank (ECB) is Christine Lagarde. She took office on November 1, 2019. Tomorrow we will have a strong fundamental data print from AUD and here is how the RBA's (Reserve Bank of Australia) decisions and statements could affect the EUR/AUD tomorrow, along with information on the RBA head Rate Cut Expected: The majority of experts and economists surveyed anticipate the RBA will cut the cash rate at its February meeting. The forecast is for a cut from 4.35% to 4.10%. Market Pricing: Markets are largely expecting this 25bp rate cut. Rationale for Cut: This expectation is driven by underlying inflation falling faster than the RBA expected and weaker-than-expected household consumption growth. Impact on AUD: A rate cut generally weakens the Australian dollar, This is because lower rates make the AUD less attractive to foreign investors. EUR/AUD Impact: If the RBA cuts rates as expected, EUR/AUD is likely to rise. The euro would strengthen relative to the Australian dollar. RBA Statements and Press Conference, The RBA's accompanying monetary policy statement and the subsequent press conference will be crucial. Dovish Tone: If the RBA signals further rate cuts are likely, or expresses strong concerns about the economy, this would likely amplify the downward pressure on the AUD, leading to a greater increase in EUR/AUD. Hawkish Tone: If the RBA attempts to temper expectations of further easing, or emphasizes its commitment to controlling inflation, this could provide some support to the AUD and limit the upside for EUR/AUD. Data Dependency: The RBA has emphasized that it will continue to rely on data and the evolving assessment of risks. Any surprises in upcoming Australian economic data could shift expectations and impact the currency pair In summary: The anticipated RBA rate cut is likely to put downward pressure on the AUD, which would cause EUR/AUD to increase. The magnitude of the move will depend on the RBA's accompanying statements and any surprises in upcoming economic data. do you think they will go hawkish or dovish????
by Shavyfxhub
EURUAD I Potential pullback and more decline 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!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
EURAUD Set To Grow! BUY! My dear subscribers, My technical analysis for EURAUD is below: The price is coiling around a solid key level - 1.6457 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.6546 My Stop Loss - 1.6406 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1