Get started

Euraudlong

Possible trend shift in EURAUD – going longThe Tidal Shift Strategy has just bought EURAUD at 1.55551. The system recommends entering this trade at any price between 1.55278 and 1.55824. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.38916, which suggests that the EURAUD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00219, so the stop loss has been set at 1.54458. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 76077 Time Issued: Wednesday, 12 May 2021 05:00:15 GMT Status: open Entry: 1.55278 - 1.55824 Limit: N/A Stop Loss: 1.54458 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, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
4
EURAUD approaching 1st support, potential for a bounce!Price is approaching 1st support, which is in line with our 78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal swing low support and ascending trendline support. We could potentially see a bounce at this level and further rise up towards 1st resistance, which is in line with 61.8% Fibonacci retracement, 61.8%,161.8% Fibonacci extension and horizontal overlap resistance. Stochastics has also just bounced from the 11.71 level where it has reacted from before. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
EURAUD - Bullish BiasEUR - BULLISH 1️⃣ Optimism about a strong economic recovery was supported by signs of an acceleration in the vaccine pace in Europe. 2️⃣ Several EU countries continued their efforts to re-open their economies, while upbeat economic data released on Friday showed that consumer prices in the Euro Area rose in March by the most in over a year. AUD - BEARISH 1️⃣ The risk-averse market environment could pressure the AUD. ===== Technical ===== - We are buying the EURAUD at RBS on the M15 chart. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia