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Euraudlong

EUR/AUD Long-Term Idea 💡 EUR/AUD has been in an overall downtrend for weeks but has recently broken that trend line. I have condensed down to the 12hr chart to show both short and long term possibilities using a mixture of the dow Jones theory with market structure and fibonacci. It is still possible to see price push lower but in the events of a new uptrend, this is what I would expect to see according to confluence. Orange cycle is the lower time frame elliot wave which should form the larger time frame green cycle following the new uptrend. Green dashed line is the 1.382/1.618/2.0 fibonacci levels of cycle 1 completion highlighted. (Turquoise rectangle is 0.618 of cycle 1). Harmonic patterns are usually located in the correction for a trend continuation however i have not highlighted these for a cleaner chart. This is only a speculation, not to be considered as financial advice. Any positions taken should be done by your own discretion.
Long
by mattharr96
4
Potential long swing trade for EUR/AUDEUR/AUD closed lower for five consecutive days last week during a week of volatility and turbulence. With the Fed and five other central banks announcing a coordinated effort to provide liquidity for US swaps, and UBS agreeing to purchase Credit Suisse over the weekend, perhaps there's potential for it to confirm a swing low. Last week's low found support at the 20-day EMA, trend support and 38.2% Fibonacci ratio and the daily closes held above the monthly R1 pivot. The bias is for a move towards 1.6100 (monthly R1 pivot) whilst prices hold above last week's low - or trend support can be used to fine-tune risk management.
Long
by CityIndex
EURAUD after ECB hikes 50bps 3/2023The European Central Bank (ECB) announced on Thursday that it raised its key rates by 50 basis points (bps) following the March policy meeting, as expected. With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 3.5%, 3.75% and 3%, respectively. Key takeaways from the policy statement "ECB staff macroeconomic projections were finalised in early March before recent emergence of financial market tensions." "ECB staff now see inflation averaging 5.3% in 2023, 2.9% in 2024 and 2.1% in 2025." "Inflation excluding energy and food continued to increase in February and ECB staff expect it to average 4.6% in 2023, which is higher than foreseen in December projections." "ECB staff then expect growth to pick up further, to 1.6%, in both 2024 and 2025, underpinned by a robust labour market, improving confidence and a recovery in real incomes." "APP portfolio decline will amount to €15 billion per month on average until end of June 2023 and its subsequent pace will be determined over time." "As concerns PEPP, ECB intends to reinvest principal payments from maturing securities purchased under programme until at least end of 2024." Waiting economic calendar to day: 17:00 EUR Core Harmonized Index of Consumer Prices (MoM)(Feb) - - 0.8% 0.8% 17:00 EUR Core Harmonized Index of Consumer Prices (YoY)(Feb) - - 5.6% 5.6% 17:00 EUR Harmonized Index of Consumer Prices (MoM)(Feb) - - 0.8% 0.8% 17:00 EUR Harmonized Index of Consumer Prices (YoY)(Feb) - - 8.5% 8.5% 17:00 EUR Labor Cost(Q4)
by chi1billdollar
EUR/AUD forming the perfect Rounding Bottom to rocket to 1.6816Rounding Bottom has formed on EUR/AUD. The momentum was so strong it didn't form a handle or rounding bottom for a W formation. This means, demand side is strong and we can expect a ton of upside to come. RSI>50 =70 Bullish bias Target1.6816 CONCERNS: I like to wait for a breakout confirmed before I get into a trade like this. This means, only if the candle opens above the breakout resistance tomorrow will I get into this long.
Long
by Timonrosso
EURAUD is preferred to buy on dips.Previous support located at 1.5700. Previous resistance located at 1.5800. There is no clear indication that the upward move is coming to an end. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.5800 will confirm the bullish momentum. EURAUD - 24h expiry - We look to Buy at 1.5700 (stop at 1.5640) Our profit targets will be 1.5850 and 1.5880 Resistance: 1.5800 / 1.5900 / 1.6000 Support: 1.5700 / 1.5650 / 1.5600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
📌 Potential BUY setup for: EUR/AUD👩🏽‍💻Technical: Currently, the monthly chart is developing a strong bullish engulfing pattern & the weekly chart is indicating some really promising bullishness as well. This setup has the potential to reach around 100 pips - which is where the previous daily high zone is. 🎯 For an ideal entry: Push > exhaustion, especially if the price makes a new high on the 4-hour + bullish engulfing closure and targets the daily high. GDP for AUD is late at night, so keep that in mind as well.
Long
by fxtraderkristina
SasanSeifi💁‍♂️EUR/AUD .4h Update 175 pip✔🔥🔥😍✌HI TRADERS ✌According to the latest analysis, as I expected, after a slight correction from the 1.55200 range mentioned in the previous analysis, the price faced buying pressure and was able to grow by about 175 pips.🔥✌The first target was touched at 1.56500.✔ It is currently trading in the range of 1.56700. We can still expect price growth up to the second target range of 1.57500. The previous analysis is still valid. ❎ (DYOR)...⚠⚜ What Do you think about this analysis? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
Long
by SasanSeifi
EURAUD to find support at next support?EURAUD - 24h expiry - We look to Buy at 1.5350 (stop at 1.5250) Previous support located at 1.5350. Previous resistance located at 1.5500. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.5500 will confirm the bullish momentum. Our profit targets will be 1.5600 and 1.5650 Resistance: 1.5500 / 1.5600 / 1.5650 Support: 1.5350 / 1.5300 / 1.5250 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
EurAud approaching strong support, Great R:R trade in sightAfter the large double bottom that took 6 months to complete back in 2022 and the break of the neckline in October, EurAud reached a high at 1.6 and started to correct and consolidate. Now the pair is trading near support again and traders could look for buying opportunities in this zone. Considering the importance of the break I don't think the H&S from October will play and I favor range trading for this pair. As I said, the bottom of this range is in the 1.53 zone and swing traders could target 1.6 for their trades. 1.5650-1.5700 is also resistance. This outlook is negated by a drop under the neckline that should offer support at this point.
Long
by Mihai_Iacob
4
EURAUD - LONG SETUPHii everyone 🙂 EURO does suggest incoming buying power on the higher time frames as the weekly price action passed above MA's of 20/50 and 100 which is a great sign already. We have crossed MA 200 on the 4-hour and we also have a bullish engulfing candlestick closure bouncing of MA 20 to confirm our entry. Both currencies are being bought by the hedge funds. However, it's important to note that President Lagarde's speech at 6 p.m. today could significantly impact this trade. 😊
Long
by fxtraderkristina