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Australian Dollar/Euro

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AUDEUR trade ideas

EURAUD SHORT Market structure bearish on HTFs DW Entry at both Daily and Weekly AOi Weekly Rejection at AOi Daily Rejection at AOi Previous Structure point Daily Daily EMA retest Around Psychological Level 1.66500 H4 EMA retest H4 Candlestick rejection Rejection from Previous structure Potential Head and Shoulder on H4 Levels 5.87 Entry 105% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King.
Short
by mobbie_zw
EURAUD 2HShortFondamentally , the australian dollar should lose value because of the the last night cut of the RBA. But , in fact, the RBA ade what we call a "hawkish cut" by cutting interest rate like it was predicted by the STIR Markets , but in their statement, the RBA , didn't spoke about futures cut because the inflation rest somehow elevated although it's coming closer to their target. By the other hand, the BCE is holding a dovish speech. Rcently in the end of january, Lagarde statement after the Interest rate cuts, symbolised a dovish position hold by the ECB. The economy isn't good in the eurozone, especially in Germany and France. Polititcal tensions through manifestions in Berlin doesn't help it so much. Also the fact that the US and Russia are holding negociations for the War in Ukraine, and it's seem like the Euro zone countries aren't invited at the table. But keep in mind that if the war in ukraine is over, this might give the euro what it's need to regain trust in the foreign capital. So fundamentally , at medium term its' seem that the pair is gowing down. I have my directions. Now to execute: technically in the Daily TF we can see a rising triangle that is about to be broken, led by a beautiful Double Top. In the 4H TF, we can see a second Double top on the resistance at 1.66400and a long wick, indicating a potentiel reversal to the downside. Also, the SMA 50 that has been acting as a support since a long time, has been broken to the downside. At the 2H, i decide to put a sell stop a the break of the big TL on the Daly TF. My SL is behind the HH and behind that double top at 1.66400. My TP is a the bottom of the rising triangle on the Daily TF. MY RR = 3.42R and i'm taking a reduced risk because of the volatility that the market is knowing since Trump has taken power.
Short
by Marco-kh
EUR/AUD: Weekly Engulfing Bar Pullback!The recent performance of the EUR/AUD exchange rate shows a fluctuating trend, with a slight recovery, closing at approximately 1.6450 in the first week of February. In the preceding days, the rate experienced several declines, with a significant drop. These fluctuations reflect the economic dynamics of both the Eurozone and Australia. In the Eurozone, inflation unexpectedly rose to 2.5% in January, exceeding the European Central Bank’s 2% target for the third consecutive month. Despite this, the ECB plans to continue cutting interest rates, expecting inflation to reach its 2% target over the year. Meanwhile, the Eurozone economy showed no growth in the last quarter of 2024, with contractions in Germany and France and stagnation in Italy. In Australia, the leading economic indicators index increased by 0.2% in October 2024, suggesting a slight economic recovery. However, Australian Treasurer Jim Chalmers confirmed a worsening fiscal deficit, projected to rise by AUD 21.8 billion over the next four years, mainly due to unavoidable expenditures. These economic developments impact the EUR/AUD exchange rate, with the Euro benefiting from a more accommodative monetary policy while Australia faces fiscal challenges. Despite the recent upward movement, the negative trends from previous sessions and technical analysis suggest caution is warranted when assessing the short-term trajectory of the EUR/AUD exchange rate.
Short
by EdgeTradingJourney
1
EURAUDThe current head of the Reserve Bank of Australia (RBA) is Michele Bullock. She is the Governor of the Reserve Bank and chairs both the Payment Systems and Reserve Bank Boards. Her seven-year term began on September 18, 2023 and Andrew Hauser is the Deputy Governor. The current President of the European Central Bank (ECB) is Christine Lagarde. She took office on November 1, 2019. Tomorrow we will have a strong fundamental data print from AUD and here is how the RBA's (Reserve Bank of Australia) decisions and statements could affect the EUR/AUD tomorrow, along with information on the RBA head Rate Cut Expected: The majority of experts and economists surveyed anticipate the RBA will cut the cash rate at its February meeting. The forecast is for a cut from 4.35% to 4.10%. Market Pricing: Markets are largely expecting this 25bp rate cut. Rationale for Cut: This expectation is driven by underlying inflation falling faster than the RBA expected and weaker-than-expected household consumption growth. Impact on AUD: A rate cut generally weakens the Australian dollar, This is because lower rates make the AUD less attractive to foreign investors. EUR/AUD Impact: If the RBA cuts rates as expected, EUR/AUD is likely to rise. The euro would strengthen relative to the Australian dollar. RBA Statements and Press Conference, The RBA's accompanying monetary policy statement and the subsequent press conference will be crucial. Dovish Tone: If the RBA signals further rate cuts are likely, or expresses strong concerns about the economy, this would likely amplify the downward pressure on the AUD, leading to a greater increase in EUR/AUD. Hawkish Tone: If the RBA attempts to temper expectations of further easing, or emphasizes its commitment to controlling inflation, this could provide some support to the AUD and limit the upside for EUR/AUD. Data Dependency: The RBA has emphasized that it will continue to rely on data and the evolving assessment of risks. Any surprises in upcoming Australian economic data could shift expectations and impact the currency pair In summary: The anticipated RBA rate cut is likely to put downward pressure on the AUD, which would cause EUR/AUD to increase. The magnitude of the move will depend on the RBA's accompanying statements and any surprises in upcoming economic data. do you think they will go hawkish or dovish????
by Shavyfxhub
EURUAD I Potential pullback and more decline Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
EURAUD Set To Grow! BUY! My dear subscribers, My technical analysis for EURAUD is below: The price is coiling around a solid key level - 1.6457 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.6546 My Stop Loss - 1.6406 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURAUDThe Upcoming Economic Data of AUD could affect EURAUD ,AUD Cash Rate: Forecast 4.10%, Previous 4.35%,RBA (Reserve Bank of Australia) Monetary Policy Statement and RBA Rate Statement all are red folders with volatility Cash Rate Cut: The forecast indicates a cut in the AUD cash rate from 4.35% to 4.10%. Impact: A rate cut typically weakens the currency. Lower interest rates make the currency less attractive to foreign investors seeking higher returns. RBA Monetary Policy Statement and Rate Statement: These statements provide insights into the RBA's outlook on the economy and future monetary policy decisions. Hawkish Tone: If the RBA statements suggest that the rate cut is a one-off event and that the central bank remains vigilant about inflation, it could mitigate the negative impact of the rate cut on the AUD. Dovish Tone: If the RBA statements indicate further rate cuts are likely or express concerns about economic growth, it would likely reinforce the bearish sentiment for the AUD. Potential Impact on EURAUD on tuesday; Bearish Scenario: If the RBA cuts rates and issues a dovish statement,EURAUD is likely to UPSWING and if they remain hawkish EURAUD will sell. On Friday EURZONE data print will be released and it will bring volatility. Eurozone PMI data releases might affect the EUR/AUD trade directional bias this week. To better Understanding the Data we will start with the Purchasing Managers Index (PMI): A PMI is derived from surveys conducted among purchasing managers in key business sectors, such as manufacturing and services. A reading of 50.0 and above indicates optimism and industry expansion, while a reading of 49.9 and below suggests pessimism and possible industry contraction. Flash PMI: A preliminary release that provides an early snapshot of economic activity for the month. French Flash Manufacturing PMI: Actual 45.3, Forecast 45.01 French Flash Services PMI: Forecast 49.0, Previous 48.21 German Flash Manufacturing PMI: Forecast 45.4, Previous 45.01 German Flash Services PMI: Forecast 52.4, Previous 52.51 Eurozone Flash Manufacturing PMI: Forecast 46.9, Previous 46.61 Potential Scenarios and EUR/AUD Trade Bias: Scenario 1: Mixed PMIs with Services Outperforming Manufacturing: Likelihood: Given that the French Flash Manufacturing PMI beat expectations while remaining in contraction, and the German Flash Services PMI is expected to stay in expansion, this scenario is plausible. EUR Impact: The euro tends to react with strong directional bias and volatility to PMI releases. If services PMIs rise high enough to pull composite PMIs into growth territory, then EUR traders may price in more interest rate hikes from the European Central Bank (ECB). EUR/AUD Bias: In this scenario, EUR may gain pips against currencies that have less hawkish central banks. If the data supports expectations of ECB rate hikes, the EUR/AUD may experience bullish momentum. Scenario 2: Manufacturing PMIs Miss and Services Sector Cools: Likelihood: If manufacturing PMIs miss estimates and the service sector cools enough to stagnate or contract Euro Area growth, then the probability rises that markets may price in a lower rate hike or even a rate hike pause from the ECB. EUR Impact: A lower rate hike or pause from the ECB is generally bearish for the EUR. EUR/AUD Bias: In this case, look out for a sustained downside break and/or a retest-hold of the triangle pattern before considering a short risk management plan, Review Technical Indicators: If you expect the fundamentals to push the euro higher / Aussie lower this week, be an the lookout for a sustained upside break and/or a retest-hold of the triangle pattern before considering a long risk management plan4. And vice versa if you expect the fundamentals to push the euro lower / Aussie higher this week, be an the lookout for a sustained downside break and/or a retest-hold of the triangle pattern before considering a short risk management plan. Watch the Trendlines holding as support as all indication shows that if the trendline breaks, then it could trigger an event to open fresh bearish positions. Trade with caution
by Shavyfxhub
EURAUD Will Go Down! Sell! Here is our detailed technical review for EURAUD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.651. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.636 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
What To Look On EURAUDOur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Short
by dkb14246
EURAUD double top "neckline" at 1.6500The 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 1.6500 could trigger a bearish reversal. The key trading level is at 1.6500, which is the current swing high. A bearish rejection from the 1.6500 level could target the downside support at 1.6400 followed by 1.6350 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.
by TradeNation
Buy Limit OrderIn the chart, a **limit position** typically refers to an order placed at a predefined price level rather than the current market price. Based on the image, here’s how limit orders might be relevant: 1. **Support & Resistance Levels** The red horizontal line near 1.65272 suggests a key resistance or support level at which traders might place limit orders. - Similarly, the price cluster at **1.64584 - 1.64404** could be a **support zone**, where buy limit orders might be placed. 2. **Possible Limit Orders** - **Buy Limit Order:** Likely placed near **1.64500** (anticipating a price bounce from support). - **Sell Limit Order:** Possible around **1.65300 - 1.65400** (expecting resistance at that level).
by successfulOran59803