T/R zonesThis idea is based on transient/recurrent zones
Very high probability (90%+) for the price to hit TP.
Probability was calculated on TF 60min.
AUDEUR trade ideas
Lingrid | EURAUD pullback to SUPPORT with Trend CONTINUATION FX:EURAUD market is currently trading at the key level of 1.65000 and is near the previous day's high. EURAUD is showing bullish momentum by making higher highs and higher lows. Given this trend, I think the market is likely to move to higher levels since the price closed above the psychological level on the 1H timeframe. However it may consolidate around this level before breaking through. If the market pulls back and rejects the support level and the upward trendline, I expect the price to rebound from these support levels. My goal is resistance zone around 1.65700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURAUDImpact of Australian CPI on EUR/AUD Trade Directional Bias
The upcoming Australian Consumer Price Index (CPI) release, forecasted at 2.6% year-over-year, could significantly influence the EUR/AUD trade directional bias. Here's how:
1. CPI Impact on AUD
Higher CPI: If the actual CPI figure exceeds 2.6%, it might reduce expectations for further interest rate cuts by the Reserve Bank of Australia (RBA). This could strengthen the AUD, potentially weakening EUR/AUD.
Lower CPI: Conversely, if CPI is below expectations, it might increase the likelihood of RBA rate cuts, which could weaken AUD and support EUR/AUD.
2. Trade Directional Bias for EUR/AUD
Bullish Scenario: If CPI is lower than expected or shows signs of easing inflation, EUR/AUD might rise as AUD weakens.
Bearish Scenario: If CPI is higher than expected, indicating stronger inflation, EUR/AUD could decline as AUD strengthens.
Heads of RBA and ECB
RBA Head: The head of the Reserve Bank of Australia is Michele Bullock.
ECB Head: The head of the European Central Bank is Christine Lagarde.
Summary
The CPI release will be crucial for determining the short-term direction of EUR/AUD. I Will monitor the actual CPI figure closely and adjust my strategies based on whether it aligns with or diverges from market expectations and sentiment .
DO your own research please.
EURAUD is ready to push againNo comment needed. All information is in the chart analysis.
Steps to follow:
Analyze yourself.
Take the position with SL and Take Profits.
Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :)
Get the result.
I will update the trade every day.
Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger!
Good trades, Traders!
The golden bear
eur aud is it done going down?If so - the price 1.64 could be the final stop
It's been down for almost a month
However: If 1.64 is going to break down 1.62 is next
Holding the 1.4 level and breaking the trend will start pumping this ship up
bearish ride for EURAUDafter breaking the support quite clearly the price retraced marked first LH after getting rejection from Fib .618 level and then posted LL. The current scenario is quite similar to the old one as the price was retraced to the .618 Fib level and moved downwards. Instant short can be an option by placing SL on the LH or we can wait till the Alligator indicator changes its shape downwards and opens its mouth and then we will sell on the green line and our SL will be above the blue line. 1:2 RR should be the target
4-hr EUR/AUD: Can We Capture 100 pips ProfitThe EUR/AUD currency pair has encountered a significant resistance level, failing to break above the critical 61% Fibonacci retracement level. This suggests that bullish momentum is weakening, reinforcing the case for a potential downward move. Given this technical setup, we favor entering a short position at the current levels, aligning with the ongoing bearish trend.
Additionally, the presence of a Death Cross—a widely recognized technical pattern where the 50-day moving average crosses below the 200-day moving average—further confirms the likelihood of continued downside pressure. This classic sell signal strengthens our bearish outlook, indicating that sellers are in control of the market.
For risk management, we set a stop-loss above 1.6550 to protect against potential upside breakouts. Meanwhile, our profit target is placed below 1.6350, ensuring a favorable risk-to-reward ratio. This setup allows traders to capitalize on the prevailing bearish trend while maintaining disciplined risk management.
EURAUDOn 26th February Australian Bureau of Statistics will release the CPI y/y which Measures the Change in the price of goods and services purchased by consumers
What is CPI?
The Consumer Price Index (CPI) is a statistical measure that tracks changes in the prices of a basket of goods and services commonly purchased by households. It is a widely used indicator of inflation, which is the rate at which prices for goods and services are rising.
CPI is calculated as a weighted average of prices for a representative basket of goods and services. The weights reflect the relative importance of each item in consumer spending.
Data Collection: Prices are collected monthly from a sample of retail and service establishments. The data includes a wide range of items such as food, housing, clothing, and healthcare services.
Use: CPI is used to measure inflation, adjust wages and pensions for inflation, and inform monetary policy decisions.
How Does CPI Affect Monetary Policy?
CPI plays a crucial role in shaping monetary policy because it provides a direct measure of inflation, which is a key objective for central banks. Here’s how CPI influences monetary policy:
1. Interest Rate Decisions
Inflation Targeting: Central banks often have an inflation target (e.g., 2% in many countries). If CPI indicates that inflation is rising above this target, central banks may increase interest rates to curb inflation by reducing borrowing and spending.
Economic Stimulus: Conversely, if CPI shows inflation is below target or the economy is slowing, central banks might lower interest rates to stimulate economic growth by making borrowing cheaper.
2. Economic Growth and Stability
Growth Indicators: CPI helps policymakers assess the overall health of the economy. High inflation can erode purchasing power and reduce economic growth, while low inflation might indicate economic stagnation.Stability Measures: By monitoring CPI, central banks can implement policies to maintain economic stability, ensuring that inflation remains within acceptable limits without stifling growth
Changes in CPI can influence currency markets. Higher inflation might lead to a weaker currency as investors seek higher returns elsewhere, while low inflation could strengthen a currency by attracting investors seeking stable returns.
Consumer Price Index (CPI) Year-over-Year and Construction Work Done Quarter-over-Quarter releases might impact on EUR/AUD trade directional bias:
1. CPI Year-over-Year
Forecast: 2.6% (previous 2.5%)
Impact: A higher-than-expected CPI figure could indicate rising inflation, which might lead to expectations of less aggressive rate cuts by the Reserve Bank of Australia (RBA). This scenario could support the AUD, potentially weakening EUR/AUD.
Bias: Bearish for EUR/AUD if CPI exceeds forecasts.
2. Construction Work Done Quarter-over-Quarter
Forecast: 1.0% (previous 1.6%)
Impact: A decline in construction activity could signal economic slowdown, potentially weakening AUD. However, this indicator is generally less influential on currency markets compared to inflation data.
Bias: Mildly bullish for EUR/AUD if construction data disappoints significantly.
Overall Impact on EUR/AUD
Bullish Scenario for EUR/AUD: If the CPI figure is in line with or below expectations, and construction data shows a significant decline, EUR/AUD might rise.
Bearish Scenario for EUR/AUD: If CPI exceeds forecasts, indicating stronger inflation and potentially less RBA rate cuts, EUR/AUD could decline.
In summary, CPI is a critical tool for central banks to gauge inflation and make informed decisions about monetary policy, which in turn affects economic growth, interest rates, and currency values.
EuraudEUR/AUD remains bearish as AUD strength weighs on the pair, with 1.6150 as key support. A break below this level could drive the price toward 1.6000, especially amid European economic concerns.
EURAUD FORECASTWhen I look at this price, it really looks very good due to how the market opened with momentum. However, that is just a signal price action. What I need to see is the confirmation from the market, which actually is a flag continuation. All in all, this week is looking promising. Let's see how it goes, guys!
EURAUD SellThe blue dots is my current range that price is moving within. I see the trend as down at the moment and price has come more then 50% of the range.
Now I am interested in selling with my SL at the top blue dot and my TP1 at the bottom dot. My final TP 50% of the larger fib
My EURAUD Long Idea 23/2/2025A lot is happening recently that it is almost hard to keep up with the market BUT! Recently the EURO has finally got 1 good W. Germany election is in favor to the currency and DAX so I expect things to turn out to be bullish.
EURAUD - 23/02/25EURAUD - 23/02/25 Ideas for the coming week. Will update the comments if any trades come in to play.
EURAUD double top “neckline” at 1.6517The EURAUD currency pair price action sentiment appears neutral, supported by the longer-term sideways consolidation. However, the recent oversold bounce-back retest of the major resistance at 1.6517 could trigger a bearish reversal.
The key trading level is at 1.6517, which is the current swing high. A bearish rejection from the 1.6517 level could target the downside support at 1.6350 followed by 1.6300 and 1.6220 levels over the longer timeframe.
Alternatively, a confirmed breakout above 1.6650 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.6740 resistance followed by 1.6810 levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
A POSSIBLE SET UP ON EURAUDHey traders , behold! the new update on EURAUD!
Let’s see what happens next week when the market opens!
$EURAUD Double Top Breakdown—More Downside Ahead?PEPPERSTONE:EURAUD
PEPPERSTONE:EURAUD is now trading below the double top neckline/support , increasing the likelihood of further downside pressure. The default target for this pattern sits at 1.6276, aligning with the 200% Fibonacci extension.
At this stage, we are closely watching the 1.6357 support level —a break below this zone could trigger heightened volatility and accelerate selling pressure. If this move materializes , we anticipate the formation of a bullish symmetrical pattern near 1.6235 , converging with the 61.8% Fibonacci retracement level at 1.6286.
📌 Key Levels to Watch:
🔻 1.6357 support—break below may fuel increased downside momentum.
🎯 1.6276 target (200% Fibonacci extension).
🌀 Potential bullish symmetrical pattern near 1.6235.
📊 Major confluence zone at 1.6286 (61.8% Fibonacci retracement).
Final Note: We remain neutral for now, but if 1.6357 breaks, the bearish bias may strengthen. Should the bullish symmetrical pattern form, caution will be required in assessing any potential rebound.
Happy Trading,
André Cardoso
Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
EURAUD: Bullish Move Continues 🇪🇺 🇦🇺
EURAUD finally violated a resistance line of a narrow horizontal
range on an hourly time frame and completed a consolidation.
We can anticipate growth at least to 1.645 resistance.
❤️Please, support my work with like, thank you!❤️
Long IdeaBullish, re-tracement leg potentially ending. Waiting for price to reach zone before initiating buys with confirmation. Possible higher prices form here.
Safe & happy trades.
Bullish bounce off pullback support?EUR/AUD has bounced off the pivot which has been identified as a pullback support and could rise to the 1st resistance.
Pivot: 1.6398
1st Support: 1.6328
1st Resistance: 1.6506
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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EURAUD Showing Strong Momentum: Awaiting Ideal Long EntryThis setup highlights a recurring pattern that has consistently delivered strong results in the past. With the current market movement, it's advisable to wait for a healthy retracement, presenting an opportunity for a potential long entry. Many buyers likely anticipated a longer consolidation and missed their chance to enter earlier, increasing the likelihood of a retest of the recent low.
Patience and timing could turn this into an ideal entry point with strong potential for upside momentum.
