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EURAUD trade ideas

4-hr EUR/AUD: Can We Capture 100 pips ProfitThe EUR/AUD currency pair has encountered a significant resistance level, failing to break above the critical 61% Fibonacci retracement level. This suggests that bullish momentum is weakening, reinforcing the case for a potential downward move. Given this technical setup, we favor entering a short position at the current levels, aligning with the ongoing bearish trend. Additionally, the presence of a Death Cross—a widely recognized technical pattern where the 50-day moving average crosses below the 200-day moving average—further confirms the likelihood of continued downside pressure. This classic sell signal strengthens our bearish outlook, indicating that sellers are in control of the market. For risk management, we set a stop-loss above 1.6550 to protect against potential upside breakouts. Meanwhile, our profit target is placed below 1.6350, ensuring a favorable risk-to-reward ratio. This setup allows traders to capitalize on the prevailing bearish trend while maintaining disciplined risk management.
Short
by Trendsharks
EURAUDOn 26th February Australian Bureau of Statistics will release the CPI y/y which Measures the Change in the price of goods and services purchased by consumers What is CPI? The Consumer Price Index (CPI) is a statistical measure that tracks changes in the prices of a basket of goods and services commonly purchased by households. It is a widely used indicator of inflation, which is the rate at which prices for goods and services are rising. CPI is calculated as a weighted average of prices for a representative basket of goods and services. The weights reflect the relative importance of each item in consumer spending. Data Collection: Prices are collected monthly from a sample of retail and service establishments. The data includes a wide range of items such as food, housing, clothing, and healthcare services. Use: CPI is used to measure inflation, adjust wages and pensions for inflation, and inform monetary policy decisions. How Does CPI Affect Monetary Policy? CPI plays a crucial role in shaping monetary policy because it provides a direct measure of inflation, which is a key objective for central banks. Here’s how CPI influences monetary policy: 1. Interest Rate Decisions Inflation Targeting: Central banks often have an inflation target (e.g., 2% in many countries). If CPI indicates that inflation is rising above this target, central banks may increase interest rates to curb inflation by reducing borrowing and spending. Economic Stimulus: Conversely, if CPI shows inflation is below target or the economy is slowing, central banks might lower interest rates to stimulate economic growth by making borrowing cheaper. 2. Economic Growth and Stability Growth Indicators: CPI helps policymakers assess the overall health of the economy. High inflation can erode purchasing power and reduce economic growth, while low inflation might indicate economic stagnation.Stability Measures: By monitoring CPI, central banks can implement policies to maintain economic stability, ensuring that inflation remains within acceptable limits without stifling growth Changes in CPI can influence currency markets. Higher inflation might lead to a weaker currency as investors seek higher returns elsewhere, while low inflation could strengthen a currency by attracting investors seeking stable returns. Consumer Price Index (CPI) Year-over-Year and Construction Work Done Quarter-over-Quarter releases might impact on EUR/AUD trade directional bias: 1. CPI Year-over-Year Forecast: 2.6% (previous 2.5%) Impact: A higher-than-expected CPI figure could indicate rising inflation, which might lead to expectations of less aggressive rate cuts by the Reserve Bank of Australia (RBA). This scenario could support the AUD, potentially weakening EUR/AUD. Bias: Bearish for EUR/AUD if CPI exceeds forecasts. 2. Construction Work Done Quarter-over-Quarter Forecast: 1.0% (previous 1.6%) Impact: A decline in construction activity could signal economic slowdown, potentially weakening AUD. However, this indicator is generally less influential on currency markets compared to inflation data. Bias: Mildly bullish for EUR/AUD if construction data disappoints significantly. Overall Impact on EUR/AUD Bullish Scenario for EUR/AUD: If the CPI figure is in line with or below expectations, and construction data shows a significant decline, EUR/AUD might rise. Bearish Scenario for EUR/AUD: If CPI exceeds forecasts, indicating stronger inflation and potentially less RBA rate cuts, EUR/AUD could decline. In summary, CPI is a critical tool for central banks to gauge inflation and make informed decisions about monetary policy, which in turn affects economic growth, interest rates, and currency values.
by Shavyfxhub
EURAUD double top “neckline” at 1.6517The 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 1.6517 could trigger a bearish reversal. The key trading level is at 1.6517, which is the current swing high. A bearish rejection from the 1.6517 level could target the downside support at 1.6350 followed by 1.6300 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
$EURAUD Double Top Breakdown—More Downside Ahead?PEPPERSTONE:EURAUD PEPPERSTONE:EURAUD is now trading below the double top neckline/support , increasing the likelihood of further downside pressure. The default target for this pattern sits at 1.6276, aligning with the 200% Fibonacci extension. At this stage, we are closely watching the 1.6357 support level —a break below this zone could trigger heightened volatility and accelerate selling pressure. If this move materializes , we anticipate the formation of a bullish symmetrical pattern near 1.6235 , converging with the 61.8% Fibonacci retracement level at 1.6286. 📌 Key Levels to Watch: 🔻 1.6357 support—break below may fuel increased downside momentum. 🎯 1.6276 target (200% Fibonacci extension). 🌀 Potential bullish symmetrical pattern near 1.6235. 📊 Major confluence zone at 1.6286 (61.8% Fibonacci retracement). Final Note: We remain neutral for now, but if 1.6357 breaks, the bearish bias may strengthen. Should the bullish symmetrical pattern form, caution will be required in assessing any potential rebound. Happy Trading, André Cardoso Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
Short
by Andre_Cardoso
Bullish bounce off pullback support?EUR/AUD has bounced off the pivot which has been identified as a pullback support and could rise to the 1st resistance. Pivot: 1.6398 1st Support: 1.6328 1st Resistance: 1.6506 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURAUD Showing Strong Momentum: Awaiting Ideal Long EntryThis setup highlights a recurring pattern that has consistently delivered strong results in the past. With the current market movement, it's advisable to wait for a healthy retracement, presenting an opportunity for a potential long entry. Many buyers likely anticipated a longer consolidation and missed their chance to enter earlier, increasing the likelihood of a retest of the recent low. Patience and timing could turn this into an ideal entry point with strong potential for upside momentum.
Long
by FogWalkerTrader
EURAUD Range Shift Ends with Support BreakdownEURAUD was moving upward and experienced a Range Shift, where the support level gradually moved higher. However, after repeated tests, the support level failed, and the price broke below it, indicating weakness in buying pressure. Now that the support is broken, it has turned into resistance. Before continuing downward, the price might retrace back up to test this new resistance level. If the test is successful, meaning the price rejects and fails to move above, it signals further downside movement.
Short
by FXTradingAnalysis
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