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EURAUD trade ideas

EURAUD long Friday Nov 8, 2024A long trade on the EURAUD currency pair based on interest rate differential between the EUR and the AUD. Trading is based almost entirely on technical indicators that use past price action to forecast future price action. However, the trader who ignores fundamental forces that move the markets is at a disadvantage to traders who factor fundamental data into their trading decisions. The fundamental data that have the most effect on exchange rates are interest rates, which affect the perceived value of currencies. While central bank rates are not volatile, the yields on government bonds, such as the U.S. 10-year treasury note, fluctuate on all time frames in global bond markets. Those yields reflect the expectation the market has as to where future central bank rates will go. Bond yields are often a leading indicator of interest rates and of exchange rates. In the forex market, the metric that applies to a currency pair is the interest rate differential, especially the delta, or change in the interest rate differential, on various time frames. This trade shows a case where movement of the interest rate differential, expressed in basis points, in the positive direction was a leading indicator of movement of the EURAUD currency pair in the same direction.
Long
by Zee111666
EURAUD Buy Mean Reversion TradingPrice is overextended and I am entering a Buy market. Stochastics 20,1,1 shows extreme overselling. I think that trading is a logic game. You cannot go against the grain, otherwise you will realise very quickly that you will have a tough time cutting the meat. As my previous entry on TradingView, I also entered on a mean reversion trade and I am just testing things out. If this particular market sells fish, don't come in with vegetable and expect to get accepted or even have anything sold. And also, understand who the people that come to this particular market operate as. Are they housewives coming to buy only a meal or two's worth of groceries? Or are they businesses that buy and sell to those housewives at their respective markets? Know your role, and choose your role. However, you also must have the capital to start the business you choose to do. If you wanna be the one selling to the businesses who supplies the fishes to housewives, you better have the money and knowledge to get yourself a spot at the b2b fish market. Otherwise, you can be a scalper who goes to the b2b market and buys fish and sell them to housewives. You can't be greedy though, because fishes expire fast. If you are too greedy, you will realise that you have a bunch of rotten fishes which you could at least have suntanned them to make salted fish before they rot.
Long
by ProfessionalDuckHunter
EURAUD - 4hrs ( Sell Trade Target Range 180 PIP ) 🟢 Pair Name :EUR/AUD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Short ) ——————————— Bearish Break 1.64450 Area Reasons - Major Turn level - Visible Range Lvn - Head & Shoulder Pattern - Day / week low Bullish Reversal 1.62500 Area Reasons - Major Turn level - Trend line Area - Visible Range Hvn - Choch Zone - Fibo Golden
Short
by GentleGoldenEngine
2
EURAUD Wave Analysis 7 November 2024 - EURAUD under bearish pressure - Likely to fall to support level 1.6125 EURAUD currency pair under bearish pressure after the earlier breakout of the support trendline of the daily up channel from the start of October. The breakout of this up channel accelerated the active minor impulse wave 1 of the higher order impulse sequence (1) from the end of last month. Given the strongly bullish Australian dollar sentiment seen across the FX markets today, EURAUD currency pair can be expected to fall to the next support level 1.6125 (which stopped the previous intermediate ABC correction (B) in the middle of October).
Short
by FxProGlobal
1
EURAUD - Look for Continuation Long (SWING) 1:2!The price is forming a reversal continuation pattern on the HTF, yet it’s creating a new low, indicating an opportunity to follow the LTF trend. This is due to a correction towards the nearest support before continuing along the major trend toward the next demand and key support level. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
600pips+ Buy PotentialFollowing our successful sell trade, we've hit the third target at 1.6260. Now, we’re positioning ourselves for a rally to the upside. This setup aligns with a demand level and a liquidity sweep around 1.2642, along with wave formation analysis suggesting we're on track for the fifth wave – potentially the final rally before a significant drop projected in 2025. Price is currently holding at a discount level, giving us an optimal entry point. We're targeting a move of approximately 600 pips, with the first target at 1.6595. Stay tuned for updates on this setup, and remember: patience is part of the strategy.
Long
by Ieios
EURAUD to turnaround?EURAUD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. We look for a temporary move lower. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.6500. We look to Sell at 1.6500 (stop at 1.6550) Our profit targets will be 1.6380 and 1.6350 Resistance: 1.6500 / 1.6550 / 1.6600 Support: 1.6400 / 1.6350 / 1.6300 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA