Buy euraudWe are ready to hunt this pair again
Currently oversold pair on daily and weekly time frame
And respected our demand zone again
Minimum target 500 pips
EURAUD trade ideas
EURAUD Set for Upside, Awaiting ConfirmationHello,
FX:EURAUD is poised for further upward movement, with the expected target at 1.648087. However, confirmation is still required along the way, which we are awaiting from the Pivot Points.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
euraud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURAUDit's been on a huge downtrend in 4hr time frame, I am observing some consolidation after a big dump on a support level, and am speculating to see it tank even more from this spot.
EURAUD selling Trading IdeaHello Traders
In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today EUR/AUD analysis 👆
🟢This Chart includes_ (EUR/AUD market update)
🟢What is The Next Opportunity on EUR/AUD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
MY EURAUD SHORT IDEA 24/11/2024NOTE: THIS IS JUST A TRADE IDEA WHICH I MAY OR MAY NOT TAKE DEPENDING ON THE OPPORTUNITY PRESENTED, PRICE ACTION, AND ECONOMIC EVENTS THAT MAY HAPPEN. PLEASE DO YOUR OWN RESEARCH!
If text is glitchy please use this link
regal-marlin-2d3.notion.site
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President Question Template:
1. Why do you want to trade at the first place?
2. Did you take into account the current market condition, data, high impact news and what’s going on?
3. Even if you made your FA few weeks ago, you **MUST** keep on track and update it time to time.
4. Don’t just have a bias from four weeks ago and execute a trade today based on that you had four weeks ago.
So it all started looking at www.myfxbook.com and I looked at the heatmap where it showed bearish in all time frames for EURAUD especially in the Monthly.
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This gave me an idea to start shorting the currency. I looked at the chart and what I found is every economic event and data is bearish for the EURO. To support my claim you can see see that there there are many events happening on the chart and every event is putting pressure on the price.
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Now it is very important for me to take into account what James says here.
www.elitetraders.io
> **EURO
Macroeconomic Factors:**
>
>
> Eurozone growth remains sluggish, with subdued inflation limiting the European Central Bank’s (ECB) ability to pivot hawkishly. Trade challenges persist, especially with the potential for US tariffs on European goods.
>
>
>
> **Key Drivers:Wage Growth:**
>
> Higher-than-expected wage growth in Germany provides mixed signals for inflation.
>
>
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> **Geopolitical Risks:**
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> Ongoing trade tensions with the US and challenges in the energy sector weigh on sentiment.
>
>
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> **Outlook:Short-term:**
>
> Limited upside amid weak macro data and geopolitical concerns.
>
>
>
> **Medium-term:**
>
> Gradual recovery if energy prices stabilize and ECB policies support growth.
>
>
>
> **Long-term:**
>
> Structural reforms and green transition initiatives could underpin stronger growth.
>
> AUD
> **Macroeconomic Factors:**
>
> Declining energy prices and a weaker Australian-US interest rate spread have pressured the AUD. Domestic growth concerns persist, with a softening labor market and mixed performance in commodity exports.
>
>
>
> **Key Drivers:Monetary Policy:**
>
> The Reserve Bank of Australia (RBA) remains cautious, with markets pricing in a lower probability of rate hikes compared to peers.
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>
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> **Commodities:**
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> Iron ore, a key export, faces headwinds from reduced demand in China, while the broad commodity complex shows mixed signals.
>
>
>
> **Outlook:Short-term (Next Week):**
>
> A slight rebound may occur if risk sentiment stabilizes globally, but volatility remains tied to Chinese economic data.
>
>
>
> **Medium-term (Months Ahead):**
>
> Modest appreciation expected if China's stimulus measures translate into higher demand for Australian exports.
>
>
>
> **Long-term (2025):**
>
> Structural improvements in trade balances and diversification in export markets could support AUD recovery.
>
According to what James has said, AUD will face some volatility in the next week for the short term according to risk sentiment stability and Chinese economic data. In the Medium term it depends on China’s stimulus measures which could translate into higher demand for Australian exports. As for EURO there are many weak macro data and geopolitical concerns with fear of US tariff on Euro. Euro must find good recovery in Energy prices in order for it to stabilize.
Sentiment:
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COT DATA
EUR:
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AUD:
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So according to the sentiment data, we can see clearly that retail traders are favoring longing the position probably due to past price action where it bounces off of the price level 1.60425 and create a support zone. But even if hypothetically there is a support zone this zone is most likely about to get invalidated. Price is below 200 EMA signaling a bearish price action for the EURAUD and we can see lower lows on the RSI. As for the COT and SMART money we can notice that they are buying AUD and selling the EURO due to negative economic status on the EURO.
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Order book is showing 37 ASKS position vs 24 at the 1.62 zone. Signaling more Sell positions are present at that level giving a solid resistance zone.
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Calendar:
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AUD CPI expected to be 2.5% by WED NOV 27 which is BULLISH especially if the number is higher than 2.5%.
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EUR German Prelim CPI m/M
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We can notice that that inflation is cooling down.
Correlations:
I noticed negative correlation with AUDUSD and AUDCAD but there is also a positive correlation with EURJPY.
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EURAUD - short
weekly candle looks good.
origin - need price to pull back to VA then sellers to step in. ideally we'd want price to pull all the way back to POC and then look for sellers to step in.
EURAUDThe potential sell scenario for the pair next week:
The pair is to be monitored as it approaches the designated sell zones on the chart.
EURAUD SHORTThis week gave a big drop on EUR/AUD and turned the Daily and 4h timeframes bearish as well as giving a clean head and shoulders pattern on the daily timeframe. I will be looking for a pull back into the 4h supply zone which also aligns with the daily H&S neckline so I think it will have a high probability of bouncing from there.
Toward 1.61823 ?The price has got below its h4 ichimoku cloud (kumo). I think that it could go down to 1.61823
EURAUD Movement Influenced by Chinese Government NewsEURAUD Movement Influenced by Chinese Government News
On the 4-hour chart, EURAUD completed a Head & Shoulders pattern, indicating that further price depreciation is likely.
The bullish momentum on the Australian dollar (AUD) was triggered by news that Chinese government advisers are recommending stronger fiscal stimulus to mitigate the impact of expected U.S. tariff hikes on the country's exports.
These measures could push EURAUD down to 1.6040 and 1.5900 in the coming weeks.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURAUD C&H breaked, bearish still to expect?
EURAUD analysis based on on CUP & HANDLE pattern, we are can see break of same, currently price in consolidation zone, and from here exepcting break and higgher bearish trend
SUP zone: 1.62800
RES zone: 1.61100, 1.60200
EURAUD: Classic Bearish PatternThe EURAUD daily chart has formed a distinct head and shoulders pattern, indicating a potential reversal.
With the daily candle closing below the neckline, a key support level has been breached.
This breakdown suggests further downward momentum, targeting 1.6045 as the next significant level.
EURAUDHello Traders,
I will resell EURAUD from this order block since I can anticipate that continuation of the trend will be resumed today after a while but with very strict SL just above the block marked, good luck everyone.
EURAUDHello Traders,
I will resell EURAUD from this order block since I can anticipate that continuation of the trend will be resumed today after a while but with very strict SL just above the block marked, good luck everyone.
EURAUD: Classic Bearish PatternThe EURAUD has formed a significant head and shoulders pattern on the daily chart.
There has been a clear violation of the neckline with a daily candle closing below it.
This suggests that the pair is likely to decline further, with the next target being 1.6045.
EURAUD is in The bullish DirectionHello Traders
In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today EUR/AUD analysis 👆
🟢This Chart includes_ (EUR/AUD market update)
🟢What is The Next Opportunity on EUR/AUD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EUR_AUD SWING LONG|
✅EUR_AUD is going down now
But a strong support level is ahead at 1.6000
Thus I am expecting a rebound
And a move up towards the target at 1.6150
LONG🚀
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Buy euraudA strong buy opportunity coming again
Just wait to approach in our demnad zone then enter into buy trade
100% confirmed trade
EURAUD BuyI am buying EURAUD, we are close to a Break of Structure, thats why stop loss is tight, huge RR opportunity.
Lets see what happens!
euraud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURAUD bearishEURAUD head and shoulder, now breaking the neck, wait daily candle break below today or coming days
