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Euraudanalysis

Euraud Analysis from 16-05-2022 (time to continue downtrend)Euraud Analysis from 16-05-2022 (time to continue downtrend), The eur aud pair has been characterized as a directionless pair. lol. Hence we will not pay much emphasis on its fundamentals though some high impact news which could cause volatility in the euro are the euro commission spring forecast on Monday 11:00 am, WAT, gdp rate qoq on tuesday 11:00am WAT. From Australia , we should keep a watch on the Aud when the Reserve Bank of Australia minutes are read on tuesday 17th may 3:30 am wat. Sentimentally, the euro zone is yet to recover from the economic effects of the war/ tension in Ukraine and the shortage of supplies from Russia to other parts of Europe. Technically, euraud after breaking a structural demand zone around the 1.5262 price area on 2nd of march 2022, as highlighted on the chart, the price has reached that structural level which may now be seen as a supply zone as price has rejected the zone twice on the daily time frame followed by a control drop... a full multi timeframe breakdown an entry strategy is been shared in the video analysis of this content in the red channel below. My approach: I would wait for price to retrace to the area around 1.5114 to look for short signals, confirmation and entry on the 4hr chart. My sentimental bias for the euraud is bearish. I would love to see your opinions about this pair. cheers Lets go take some risk, lets go make some money.
Short
by MillionaireLogistics
EURAUD | Perspective for the new weekGoing into the new week; we might be expecting the confirmation of a reversal structure to tend towards a bullish momentum but the multiple rejections of 1.49 during the course of last week's trading session could be giving us a clue into the strength of the sellers at this juncture in the market without ignoring the potential of the Aussie against the Euro since February 2022. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
RBA raises interest rates and signals for AUD bullishThe Australian Central Bank raised interest rates more than market participants expected and signaled they could increase interest rates more in the coming period to curb high inflation. The RBA this morning raised interest rates by 25 BPS to 0.35%, This is a the first to do so in almost 15 years as Australia is in elections. However the RBA is also firmly committed to doing what is needed to ensure that inflation in Australia returns to target over time and this requires further rate hikes over the coming period, Governor Philip Lowe said. Market Direction By looking at the above phenomenon, it can be ascertained that the strengthening of the AUD currency in the future can last a long time because it is predicted that the Australian central bank will raise interest rates to reduce the impact of prolonged inflation, the above conditions will have an impact on the pair: Pair EUR/AUD Tend to be under pressure Bearish Entry Sell R1: 1.5019 R2: 1.512265 R3: 1.521558 Take Profit S1: 1.466516 S2: 1.453291 S3: 1.43971
Short
by LeoAndreDarmawan
EURAUD | New perspective | follow-up detailsA follow-up detail on the EURAUD that was published sometime last week (see link below for reference purposes) where unfortunately price hit our stop loss as the bullish momentum we were expecting didn't show up. The Euro continues to rise against the Aussie inside the 4H timeframe which is evident with a visual representation of a bullish trendline. In the coming week, we want to be looking for opportunities to take advantage of this bull move if it finally happens. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURAUD | New perspectiveDespite a long-term downtrend scenario on the higher timeframe, I am of the opinion that we might be on a verge of a bullish surge in the near future. In this video, I explained how a rising reversal pattern is identified on the 4H time frame where the breakout of structure yesterday might be a signal for an upside move. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry