EURAUD trade ideas
EURAUD Buy CallEURAUD is on continuation of bullish phase
Seasonality trends are Showing Bullish Trend of EURAUD . However, overall sentiment from endogenous factors leans more in favor of the EUR than the AUD.
That said, EUR shows improvement in endogenous factors, AUD recentlly CPI Data is negative so negative effect on AUD. impacting its endogenous outlook. On the exogenous front, AUD is more Strong than EUR.
Euro/ AUD SHORTweekly:bearish
Weekly patroon BW
last candel close RED
FIB works for me
DAILY: BIG BW
extra S/D works for me to sell
4H : BW with out BOS
but I see the switch of momentum
EURAUD SELLSPair reached trendline resistance, given us a head and shoulder. we should see some down movement.
EUR/AUD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
EUR-AUD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 1.620 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/AUD pair.
✅LIKE AND COMMENT MY IDEAS✅
EURAUD SellDaily head and shoulders. 71% fibonacci retracement. Lower timeframes are shifting bearish
Wed 27th Nov 2024 EUR/AUD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/AUD Buy. Enjoy the day all. Cheers. Jim
EURAUD💡The analysis shown in the chart displays a technical analysis of the currency pair EURAUD on the 4-hour frame. The drawing shows the price movement within a descending price channel. Identifying support and resistance areas The MACD indicator indicates the beginning of an upward momentum. If it continues to present longer green bars, the price may reach the R.1 or R.2 resistance levels. If the green bars start decreasing, this could be a signal of a weak uptrend and a possible reversal.
⛔️It is not investment advice, for educational purposes only.
EURAUDIt is necessary to wait for the activation of the IFVG at least to enter a sell position towards the target.
EURAUD Wave Analysis 26 November 2024
- EURAUD reversed from support zone
- Likely to rise to resistance level 1.6350
EURAUD currency pair previously reversed from support area set between the pivotal support level 1.6020 (which has been reversing the pair from the end of June) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star Doji.
Given the oversold daily Stochastic, EURAUD currency pair can be expected to rise further to the next resistance level 1.6350 (top of the previous wave (2)).
EURAUD Will Explode! BUY!
My dear subscribers,
This is my opinion on the EURAUD next move:
The instrument tests an important psychological level 1.6020
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.6137
My Stop Loss - 1.5957
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
euraudIf Euraud breaks the downtrend, it will rise to the TP zones in order after the test. If it cannot break in this attempt, it will try again with the support it receives from the falling channel.
Buy euraudRemember our first analysis already in 200 pips profit now
We just waiting to break this inner week trend then we will enter our 2 nd trade with a confirmation
EURAUD BEARISH FINISHThis instrument is engaged in by big volumes as of today, however, it has met its daily retest levels... Wait for Big Bears to move in, then we can move down to the appointed level... Check H4 for entries, and H1 to refine your entries when the market has changed its course.
EUR_AUD (135 Pips)Fundamental Analysis
The EUR/AUD pair has been under pressure recently, hitting an 18-month low last week. Several factors are influencing this movement:
1. Eurozone Economic Weakness:
The Eurozone continues to face economic challenges, with industrial production declining by 2.0% in September compared to August. This contraction is driven by a decrease in capital goods and energy output, which outweighs gains in consumer goods . Additionally, the Eurozone Sentix Investor Confidence remains negative, reflecting ongoing economic uncertainty .
2. Australian Economic Resilience:
In contrast, Australia's economy shows signs of resilience. Although the unemployment rate remained steady at 4.1% in October, employment growth was lower than expected . However, the Australian dollar is benefiting from strong sentiment across FX markets and a relatively stable economic outlook.
3. Monetary Policy Divergence:
The European Central Bank's cautious approach contrasts with the Reserve Bank of Australia's stance. While the ECB has cut rates earlier than the Federal Reserve, their future moves remain uncertain . Meanwhile, the RBA's potential rate cuts are not expected until early 2025 .
Technical Analysis
The EUR/AUD pair is showing a bearish trend, having broken below several key support levels:
- Support Levels: The pair has fallen below 1.6100, with further support seen at 1.6003 (October 2 swing low) and potentially down to 1.5848 (June 15, 2023 low) .
- Resistance Levels: Resistance is likely around 1.6125 and 1.6200, which were previous support levels now turned resistance .
The technical outlook suggests a continuation of the bearish trend:
- Head-and-Shoulders Pattern: A head-and-shoulders pattern has emerged, indicating potential for further downside if the neckline around 1.6200 remains unbroken .
- Moving Averages and Indicators: The pair is trading below key moving averages, including the 200-period moving average on the H4 chart, which indicates a bearish bias . The MACD and Parabolic SAR also signal selling opportunities .
Outlook for the Week
Given the current fundamental and technical landscape, EUR/AUD is likely to remain under pressure in the coming week. The pair could trade within a range of:
- Lower Bound: 1.5848 (next significant support level)
- Upper Bound: 1.6200 (key resistance level)
Traders should monitor upcoming economic data from both regions:
- Eurozone: Any updates on industrial production or investor confidence could impact the euro.
- Australia: Employment data and any changes in RBA policy expectations will be crucial.
In summary, unless there is a significant shift in economic data or central bank policies, EUR/AUD may continue its downward trajectory towards lower support levels.
Citations:
fxpro.news
www.oanda.com
www.ifcmfx.com
www.actionforex.com
paxforex.org
www.teletrade.org
paxforex.org
Trade
(Highest Probability):
- Entry: Sell at 1.6160
- Stop Loss: 1.6190 (30 pips)
- Take Profit: 1.6025 (135 pips)
- Rationale: This trade aligns with both technical and fundamental factors. The level represents a key resistance zone, and the bearish trend supports a rejection at this level. The head-and-shoulders pattern and below-MA trading support this direction.
EUR/AUD Above My Support , Ready To Go Up With It ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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 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:**
>
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> 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.
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>
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> **Key Drivers:Wage Growth:**
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> 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:**
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> Limited upside amid weak macro data and geopolitical concerns.
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> **Medium-term:**
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> Gradual recovery if energy prices stabilize and ECB policies support growth.
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> **Long-term:**
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> Structural reforms and green transition initiatives could underpin stronger growth.
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> 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.
>
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> **Key Drivers:Monetary Policy:**
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> 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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> **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.
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> **Outlook:Short-term (Next Week):**
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> A slight rebound may occur if risk sentiment stabilizes globally, but volatility remains tied to Chinese economic data.
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> **Medium-term (Months Ahead):**
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> Modest appreciation expected if China's stimulus measures translate into higher demand for Australian exports.
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>
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> **Long-term (2025):**
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> 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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