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EURAUD trade ideas

Plan: EURAUD BUYThis might be a change in trend with two big Marus developed from its lowest low. After breaking off from the range i set an Upward Key Level (clean base) from the lowest low hoping it would jump up from the Key Level and gimme a 1:2 rr. But if it moves up further from this, i'll wait for a valid break out and only then i'll set the next Key Level. Not leaving this trade as Set and Forget as it is going against the trend. The encircled might not be a valid break out as the maru is only supported by what i see as just a doji. But after a long downtrend with several downwards Key Levels developed before that, i think its time to change the trend upwards. Entry: 1.6401 SL: 1.6386 (0.9%) TP: 1.6431 Risk Management: 1. cancel trade if significant Imbalance developed within the discount zone. 2. Shock Move straight to targeted Upward Key Level.
Long
by SendorKlegane
EURAUD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Short
by thegoldenbear
1
Bearish drop?EUR/AUD has broken out of the pivot and could potentially drop to the 1st support. Pivot: 1.6540 1st Support: 1.6151 1st Resistance: 1.6803 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.
Short
by ICmarkets
EURAUDEURAUD will continue to sell into my demand floor.the Interest rate decisions by the European Central Bank (ECB) and the Reserve Bank of Australia (RBA) significantly influence the EUR/AUD exchange rate . Central Bank Policies: The ECB and RBA decisions on interest rates, quantitative easing, and other monetary policies play a crucial role. T. Hawkish vs. Dovish Stances: Hawkish policies by the ECB, like interest rate hikes or tapering stimulus, can lead to EUR appreciation against the AUD. Conversely, dovish policies can depreciate the EUR/AUD. The same applies to the RBA; hawkish policies can lead to AUD appreciation against the EUR, and vice versa. Interest Rate Differentials: Investors often seek higher yields in currencies with higher interest rates. If the ECB raises rates, the Euro may become more attractive, leading to EUR/AUD appreciation. Diverging Monetary Policies: Divergent monetary policies, such as the ECB cutting interest rates while the RBA holds steady or even threatens to raise rates, can create a bearish backdrop for EUR/AUD. Inflation Trends: The trend of decreasing inflation in the Eurozone can suggest that the ECB is more likely to cut interest rates, which would be bearish for EUR/AUD. Relative Interest Rates: Relatively high interest rates compared to other major central banks support the AUD, and the opposite is true for relatively low rates. Impact of ECB Rate Cuts: If the ECB lowers interest rates, it can spur growth in the Eurozone by making money more accessible to businesses. Rate Cut Expectations: The ECB is expected to cut interest rates this year, with inflation expected to fall to its 2% target by mid-year..
by Shavyfxhub
EURAUD Approaching Key Support: Potential Buy SetupOANDA:EURAUD is approaching a significant demand zone, marked by prior price reactions and strong buying interest. This zone has historically acted as a reliable support area, suggesting the potential for a bullish rebound if buyers regain control. The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 1.66105 level. Traders should look for bullish confirmation signals, such as bullish engulfing candles or higher lows, to validate potential long entries.
Long
by DanieIM
2
EURAUD at Key Support Level - Will Price Rebound to 1.66110?OANDA:EURAUD reached a key support level, an area where buyers have previously shown strong interest. The recent bearish movement suggests that price is testing this level, potentially setting up for a rebound. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would strengthen the case for a move higher. If buyers step in, the price could rally toward the 1.66110 target. However, a decisive breakdown below this support would invalidate the bullish scenario and could lead to further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Long
by TrendDiva
1