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Euraudshort

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
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