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Euraud-technical-analysis

EURAUD Fundamental Analysis – September 17th 2019Here is the key factor to keep in mind today for Euro trades: German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation Index for September is predicted at -15.0 and the German ZEW Survey Economic Expectations Index at -38.0. Forex traders can compare this to the German ZEW Survey Current Situation Index for August which was reported at -13.5 and to the German ZEW Survey Economic Expectations Index which was reported at -44.1. The Eurozone ZEW Survey Economic Sentiment Index for September is predicted at -37.4. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment Index for August which was reported at -43.6. Here are the key factors to keep in mind today for Australian Dollar trades: Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 15th was reported at 109.3. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 8th which was reported at 113.3. Australian House Price Index: The Australian House Price Index for the second-quarter decreased by 0.7% quarterly and by 7.4% annualized. Economists predicted a decrease of 1.0% quarterly and of 7.7% annualized. Forex traders can compare this to the Australian House Price Index for the first-quarter which decreased by 3.0% quarterly and by 7.4% annualized. RBA Minutes: RBA minutes suggested that further interest rate cuts could be enacted in order to support growth as well as inflation targets. The RBA is currently expected to cut interest rates by 25 basis points in November, but an October cut remains on the table and dependent on economic data. The RBA kept its interest rate unchanged at 1.00% at its September meeting. Chinese New Home Prices: Chinese New Home Prices for August increased by 0.58% monthly. Forex traders can compare this to Chinese New Home Prices for July which increased by 0.59% monthly. Should price action for the EURAUD remain inside the or breakout above the 1.6015 to 1.6165 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.6100 Take Profit Zone: 1.6430 – 1.6500 Stop Loss Level: 1.6000 Should price action for the EURAUD breakdown below 1.6015 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.5945 Take Profit Zone: 1.5685 – 1.5780 Stop Loss Level: 1.6015
by PaxForex
BUTTERFLY BULL |H4| LONG & SHORTEURAUD is bullish on H1, H4, Daily, and Monthly charts. We have a bullish butterfly formation but remember to look into the fundamentals for better decision on your entry choice. Fundamentals to consider on EURO include; Services PMI and Composite PMI for Eurozone, Italy, France and Germany. Also Eurozone Retail Sales. Fundamentals to consider on AUD include: Australian CBA Services PMI and CBA Composite PMI, Australian AiG Performance of Services Index, Australian ANZ Roy Morgan Weekly Consumer Confidence Index, Australian Current Account Balance, Australian Retail Sales, Australian RBA Interest Rate Decision. Good Luck.
Long
by UnknownUnicorn1118164