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EURAUD

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 Massive Long! BUY! My dear friends, EURAUD looks like it will make a good move, and here are the details: The market is trading on 1.6425 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.6503 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
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 Forex48_TradingAcademy
1
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
EUR/AUD "Euro vs Aussie" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/AUD "Euro vs Aussie" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise placing Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 1.66000 (swing Trade Basis) Using the 4H period, the recent / nearest low or high level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: Primary Target - 1.62700 (or) Escape Before the Target Secondary Target - 1.61000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: EUR/AUD "Euro vs Aussie" Forex Market is currently experiencing a Bearish trend., driven by several key factors. 🌞Market Overview Current Price: 1.64624 30-Day High: 1.6734 30-Day Low: 1.5931 30-Day Average: 1.6231 🌞Fundamental Analysis Economic Trends: The European economy is expected to grow, driven by a rebound in consumer spending and investment Interest Rates: The European Central Bank is expected to maintain low interest rates, supporting the euro 🌞Macro Economics Global Economic Trends: The ongoing global economic recovery is expected to drive up demand for commodities, including Australian exports Inflation Rate: Global inflation is expected to rise to 3.8% in 2025, potentially increasing demand for commodities and supporting the Australian dollar Interest Rates: Central banks are expected to maintain low interest rates in 2025, supporting currency markets 🌞COT Data Non-Commercial Traders (Institutional): Net Short Positions: 40% Open Interest: 80,000 contracts Commercial Traders (Companies): Net Long Positions: 25% Open Interest: 50,000 contracts Non-Reportable Traders (Small Traders): Net Short Positions: 35% Open Interest: 30,000 contracts COT Ratio: 1.8 (indicating a bearish trend) 🌞Sentimental Analysis Institutional Sentiment: 55% bearish, 45% bullish Retail Sentiment: 50% bearish, 50% bullish Market Mood: The overall market mood is bearish, with a sentiment score of -20 🌞Positioning Analysis Institutional Traders: Net short positions increased by 10% over the past week, indicating growing bearish sentiment Retail Traders: Net short positions decreased by 5% over the past week, indicating decreasing bearish sentiment Leverage: The average leverage used by traders has decreased to 2.2, indicating decreasing confidence in the market 🌞Overall Outlook The overall outlook for EUR/AUD is bearish, driven by a combination of fundamental, technical, and sentimental factors. The expected growth in the Australian economy, low interest rates, and bearish market sentiment are all supporting the bearish trend. However, investors should remain cautious of potential upside risks, including changes in global economic trends and unexpected regulatory developments. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
EURAUD Will Go Down! Sell! Here is our detailed technical review for EURAUD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.651. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.636 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!
Short
by SignalProvider
1
EURAUD double top "neckline" at 1.6500The EURAUD currency pair price action sentiment appears neutral, supported by the longer-term sideways consolidation. However, the recent oversold bounce-back retest of the major resistance at 1.6500 could trigger a bearish reversal. The key trading level is at 1.6500, which is the current swing high. A bearish rejection from the 1.6500 level could target the downside support at 1.6400 followed by 1.6350 and 1.6220 levels over the longer timeframe. Alternatively, a confirmed breakout above 1.6650 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.6740 resistance followed by 1.6810 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Potential bullish rise?EUR/AUD has bounced off the pivot which acts as a pullback support and could rise to the 1st resistance which is slightly above the 61.8% Fibonacci retracement. Pivot: 1.6520 1st Support: 1.6416 1st Support: 1.6416 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 at Key Resistance: Potential Sell OpportunityOANDA:EURAUD is currently in a well-defined downtrend, trading within a descending channel. The price is approaching a significant resistance zone, which aligns with previous structural rejections. This level is critical as it may act as a supply zone where sellers could regain control. The projected scenario suggests a potential rejection at this resistance area, leading to a continuation of the bearish trend. If price action confirms a rejection—such as forming bearish candlestick patterns or strong wicks—there is a high probability of a downward move toward the 1.63590 level, which aligns with a key support zone. This setup follows the broader market structure, suggesting that sellers may remain in control unless a significant breakout above the resistance zone occurs.
Short
by DanieIM
1
Pullback resistance ahead?EUR/AUD is rising towards the pivot which has been identified as a pullback resistance and could drop to the overlap support. Pivot: 1.6520 1st Support: 1.6363 1st Resistance: 1.6591 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
2
Bullish reversal off overlap support?EUR/AUD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 1.6361 1st Support: 1.6284 1st Resistance: 1.6487 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