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Euraudlong

Buying EURAUD on dips.EURAUD - 21h expiry - We look to Buy at 1.5445 (stop at 1.5406) Previous support located at 1.5450. Previous resistance located at 1.5500. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.5425, resulting in improved risk/reward. A move through 1.5500 will confirm the bullish momentum. Our profit targets will be 1.5543 and 1.5563 Resistance: 1.5525 / 1.5575 / 1.5600 Support: 1.5450 / 1.5425 / 1.5400 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
EurAud- New leg up after flag's break? (Good R:R trade)After the low at the 1.43 zone, EurAud broke above falling trend line resistance in September and at the beginning of October also broke above 1.52 horizontal resistance confirming a double bottom in place. In mid-October, the pair reached a local high and started to correct. The drop from this high is contained in a flag pattern and the low of it coincides with a retest of the broken horizontal level. At this moment the odds are favoring bulls and a new leg up could follow after the flag's break. The target for such a move could be the next important horizontal resistance above 1.6.
Long
by Mihai_Iacob
10
EurAud to rise above 1.6 (medium term outlook)Since the late August low at 1.43, EurAud has started to rise and, after reaching my 1.52 target, the pair broke above this resistance and confirmed a double-bottom pattern. At this moment EurAud is consolidating and slightly correcting this recent up move and a new wave of gains could come soon. 1.52 is very strong support at this moment and, in my opinion, any dips to that zone should be bought. The target for bulls can be above 1.6, a level very well defined and also the double bottom's measured target.
Long
by Mihai_Iacob
13
EURAUD dips continue to attract buyers.EURAUD - 24h expiry - We look to Buy at 1.5400 (stop at 1.5325) Previous support located at 1.5450. Previous resistance located at 1.5500. There is no clear indication that the upward move is coming to an end. 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 1.5550 and 1.5600 Resistance: 1.5500 / 1.5550 / 1.5600 Support: 1.5450 / 1.5400 / 1.5350 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