Euraudlong
Potential long swing trade for EUR/AUDEUR/AUD closed lower for five consecutive days last week during a week of volatility and turbulence. With the Fed and five other central banks announcing a coordinated effort to provide liquidity for US swaps, and UBS agreeing to purchase Credit Suisse over the weekend, perhaps there's potential for it to confirm a swing low.
Last week's low found support at the 20-day EMA, trend support and 38.2% Fibonacci ratio and the daily closes held above the monthly R1 pivot.
The bias is for a move towards 1.6100 (monthly R1 pivot) whilst prices hold above last week's low - or trend support can be used to fine-tune risk management.
EURAUD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective of EURAUD .
Here we are bullish from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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EURAUD after ECB hikes 50bps 3/2023The European Central Bank (ECB) announced on Thursday that it raised its key rates by 50 basis points (bps) following the March policy meeting, as expected.
With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 3.5%, 3.75% and 3%, respectively.
Key takeaways from the policy statement
"ECB staff macroeconomic projections were finalised in early March before recent emergence of financial market tensions."
"ECB staff now see inflation averaging 5.3% in 2023, 2.9% in 2024 and 2.1% in 2025."
"Inflation excluding energy and food continued to increase in February and ECB staff expect it to average 4.6% in 2023, which is higher than foreseen in December projections."
"ECB staff then expect growth to pick up further, to 1.6%, in both 2024 and 2025, underpinned by a robust labour market, improving confidence and a recovery in real incomes."
"APP portfolio decline will amount to €15 billion per month on average until end of June 2023 and its subsequent pace will be determined over time."
"As concerns PEPP, ECB intends to reinvest principal payments from maturing securities purchased under programme until at least end of 2024."
Waiting economic calendar to day: 17:00
EUR Core Harmonized Index of Consumer Prices (MoM)(Feb)
- - 0.8% 0.8%
17:00
EUR Core Harmonized Index of Consumer Prices (YoY)(Feb)
- - 5.6% 5.6%
17:00
EUR Harmonized Index of Consumer Prices (MoM)(Feb)
- - 0.8% 0.8%
17:00
EUR Harmonized Index of Consumer Prices (YoY)(Feb)
- - 8.5% 8.5%
17:00
EUR Labor Cost(Q4)
EURAUD FINDING DEMAND ZONESo here's my idea. Bounce off demand zone shortly before heading up to supply. A nice long long I hope.
EURAUD 200EMA-STOCH-RSI-CCI-SI-MACDSo when taking all the technical parameters mentioned in the title, I get a long indication after a quick short down to weak demand zone.
EUR/AUD forming the perfect Rounding Bottom to rocket to 1.6816Rounding Bottom has formed on EUR/AUD.
The momentum was so strong it didn't form a handle or rounding bottom for a W formation.
This means, demand side is strong and we can expect a ton of upside to come.
RSI>50 =70
Bullish bias
Target1.6816
CONCERNS:
I like to wait for a breakout confirmed before I get into a trade like this. This means, only if the candle opens above the breakout resistance tomorrow will I get into this long.
EURAUD LONG - STRONG BULLISH BIAS!Waiting for a retest of 1.56040 to long EURAUD back to swing highs at 1.58052.
If you agree drop a like and if you have any questions leave a comment :)
EURAUD Long Opportunity - MARCH RECAP
Been a slow few weeks with very little plays - 1st trade in around 10 days.
Price created a H, retraced towards the EMA and found support, looked like bullish momentum to continue - easy 2.3R.
EURAUD is preferred to buy on dips.Previous support located at 1.5700. Previous resistance located at 1.5800.
There is no clear indication that the upward move is coming to an end.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.5800 will confirm the bullish momentum.
EURAUD - 24h expiry - We look to Buy at 1.5700 (stop at 1.5640)
Our profit targets will be 1.5850 and 1.5880
Resistance: 1.5800 / 1.5900 / 1.6000
Support: 1.5700 / 1.5650 / 1.5600
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EURAUD Potential Long ✅EURAUD has closed over previous highs, I expect a retest of break and continue to the upside towards highlighted zones. BUY!!
📌 Potential BUY setup for: EUR/AUD👩🏽💻Technical: Currently, the monthly chart is developing a strong bullish engulfing pattern & the weekly chart is indicating some really promising bullishness as well. This setup has the potential to reach around 100 pips - which is where the previous daily high zone is.
🎯 For an ideal entry: Push > exhaustion, especially if the price makes a new high on the 4-hour + bullish engulfing closure and targets the daily high. GDP for AUD is late at night, so keep that in mind as well.
SasanSeifi💁♂️EUR/AUD .4h Update 175 pip✔🔥🔥😍✌HI TRADERS ✌According to the latest analysis, as I expected, after a slight correction from the 1.55200 range mentioned in the previous analysis, the price faced buying pressure and was able to grow by about 175 pips.🔥✌The first target was touched at 1.56500.✔ It is currently trading in the range of 1.56700. We can still expect price growth up to the second target range of 1.57500. The previous analysis is still valid.
❎ (DYOR)...⚠⚜
What Do you think about this analysis? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
EURAUD to find support at next support?EURAUD - 24h expiry - We look to Buy at 1.5350 (stop at 1.5250)
Previous support located at 1.5350.
Previous resistance located at 1.5500.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.5500 will confirm the bullish momentum.
Our profit targets will be 1.5600 and 1.5650
Resistance: 1.5500 / 1.5600 / 1.5650
Support: 1.5350 / 1.5300 / 1.5250
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EurAud approaching strong support, Great R:R trade in sightAfter the large double bottom that took 6 months to complete back in 2022 and the break of the neckline in October, EurAud reached a high at 1.6 and started to correct and consolidate.
Now the pair is trading near support again and traders could look for buying opportunities in this zone.
Considering the importance of the break I don't think the H&S from October will play and I favor range trading for this pair.
As I said, the bottom of this range is in the 1.53 zone and swing traders could target 1.6 for their trades.
1.5650-1.5700 is also resistance.
This outlook is negated by a drop under the neckline that should offer support at this point.
Taking a Long entry to $EURAUD hereOur previous idea:
It worked but it hit sl hard.
Yesterday we got a small retracement hence we shall be reverting back up.
EURAUD - LONG SETUPHii everyone 🙂 EURO does suggest incoming buying power on the higher time frames as the weekly price action passed above MA's of 20/50 and 100 which is a great sign already. We have crossed MA 200 on the 4-hour and we also have a bullish engulfing candlestick closure bouncing of MA 20 to confirm our entry. Both currencies are being bought by the hedge funds. However, it's important to note that President Lagarde's speech at 6 p.m. today could significantly impact this trade. 😊
A further Bullish run for EUR/AUDI am anticipating for a retest of the broken intraday resistance zone that NFP broke last Friday, and should be used a s new demand are for further bullish run on EURAUD.
The 14-period RSI is above 73.3 overbought level.
It is very normal for a systemic pullback that can help late entry traders to join the bullish run and target the previous OB waiting at 1.5725.
#EURAUD- Going towards 1.5900 REGIONHello Traders, Hope you all doing great, so EURAUD had a nice rejections at previous daily low expecting a continuous a bullish momentum!
Entry Criteria!
-Enter when price break-through trendline of liqudity, that will be a safest entry!.
-Watch for price momentum when the 4H candles closes and then enter.
Good Luck, Trade Safe!
#EURAUD Pre News Release for EU What is your thoughts ? looking at a possible long with all the high impact news for EUR tomorrow.
EUR/AUD Potential Buy Setup - Asia / London EntryI am taking a buy on EUR/AUD if price can get into this area either in asia or london session. Invalidation would be if price gets into this area either before asia open (12:01am) or after london session close (11.01AM) UTC Time.
