EUR/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are going long on the EUR/AUD with the target of 1.663 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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AUD (Australian Dollar)
EURAUD ready to go up? Double bottom pattern on D1EURAUD ready to go up? Double bottom pattern on D1
The euro to Australian dollar (EURAUD) currency pair is in a support region on the daily chart and could show a possible upward movement over the next few days.
EURAUD has just formed a pattern known as a “double bottom” around the support region on the daily chart at the 1.6000 mark – a significant area that previously held the price on June 26, preventing it from continuing to fall.
Another element that supports the idea of an upward movement in the coming days is the fact that the price accumulated a low of -6.85% between Aug. 5 and Oct. 2. In fact, the RSI reading on Oct. 2 was 29.47, signaling a possible oversold scenario.
Bullish engulfing pattern: EURAUD may see buying momentum
Today’s price action is showing a clear bullish engulfing pattern, with the current candle trading above yesterday’s high. This formation suggests a potential surge in buying momentum, following a touch on the support level on the daily chart (D1), indicating a possible shift in market sentiment.
Analyzing the EUR/AUD setup, several bullish signals are emerging:
The pair is currently in a support region on the daily chart (D1), which generally favors upward momentum.
A double bottom pattern has formed on D1, another bullish indicator.
The RSI dropped below 30 yesterday, suggesting the selling pressure may be exhausted.
An engulfing pattern has developed on D1, indicating potential buying momentum could be ignited.
These factors together suggest a possible bullish reversal in the near term.
EURAUD may rise to 1.6275 in near term
From a technical point of view, EURAUD has a chance to rise to the 1.6275 region over the next few days, where it should find temporary resistance. If the price manages to break above 1.6275, it is possible that it will rise to 1.6620 throughout the month of November.
Events to watch: US nonfarm payrolls, ECB rate decision, RBA minutes
Traders should closely monitor the release of the US nonfarm payrolls data on Friday, as it has the potential to significantly impact market movements. Additionally, those planning to hold positions for a longer term should keep in mind the European Central Bank’s interest rate decision on Oct. 17, which could drastically alter the outlook for EUR/AUD.
The release of the Reserve Bank of Australia’s policy meeting minutes on Oct. 7 may also impact the strength of the Australian dollar. Recent forecasts and analyst polls have indicated that the RBA intends to maintain a restrictive monetary policy and keep rates on hold until the end of 2024, with a possible rate cut coming at some point in Q1 2025, which could weaken the Aussie.
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AUDCHF: Bullish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDCHF chart which, if analyzed properly, clearly points in the upward direction.
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EURAUD Long term longs, get in now or wait for pullbacksSimple technical analysis here, price has been wallowing around these lows for a while and it's the bottom of the higher time frame channel, great opportunity to start buying here with great risk reward.
Buy now and hold or wait for pullbacks if you're more conservative. Not sure on targets, would hope for a 50% pullback at least or possibly higher but that's a long hold.
GBPAUD bearish take over?
GBPAUD many are project bullish expectations in last period, especially when we are saw break of uper trend line. Whats now, looks like break is be fake and now we can expect bearish push till bottom trend line and personally here expecting and break of same and higher bearish continuation.
GBP is have nagative results on today GDP event
TP: 1.91900 (350)
SL: 1.97000
Overlap support ahead?AUD/JPY is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and bounce from this level to our take profit.
Entry: 99.77
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 98.59
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Take profit: 101.29
Why we like it:
There is a pullback resistance level.
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AUD/NZD Bullish Due to Diverging Rate Policies
The AUD/NZD is currently showing bullish momentum due to diverging monetary policies between the Reserve Bank of New Zealand (RBNZ) and the Reserve Bank of Australia (RBA).
- RBNZ: Having paused its rate hikes at 5.5%, signaling that further tightening is unlikely, has weakened NZD sentiment.
- RBA: With a more hawkish stance and potential future rate hikes, AUD is becoming more attractive to investors.
This narrowing interest rate differential and stronger outlook for AUD are driving the pair higher.
Expect Level : 1.09940
EURAUD to continue in the downward move?EURAUD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.6025 will confirm the bearish momentum.
The measured move target is 1.5975.
We look to Sell at 1.6100 (stop at 1.6140)
Our profit targets will be 1.6000 and 1.5975
Resistance: 1.6075 / 1.6100 / 1.6125
Support: 1.6025 / 1.6000 / 1.5975
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GBPAUD Clear Buy SignalPrices have just touched the 200 EMA and the lower Bollinger Band. This is also a strong demand zone from August. Volume is decreasing, indicating that sellers are not interested in pushing prices down further. The stochastic indicator has made a bullish crossover in the oversold area. A long wick confirms rejection. This is the perfect spot to buy!
AUDCAD "Aussie-Loonie" Bank Money Heist Plan on Bearish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰
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AUD/CHF At The Same Support , Ready To Buy It To Get 200 Pips ?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.
AUDCHF Will Fall! Sell!
Please, check our technical outlook for AUDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.585.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.581 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUD/CHF 2 Entries +500 Pips 0 Drawdown , Important Update Now !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.
GBPAUD BUY SIGNAL. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Seeking to fade into AUD/JPYA prominent bearish outside / engulfing day formed on Friday. Moreover, it failed to hold above the 200-day MA and closed the day back below the 100 handle. And its high almost perfectly respected the high-volume node (HVN) from the July high to August low.
A bullish trend has developed on the 1-hour chart after the initial selloff found support around a 38.2% Fibonacci level. However, we're now seeking signs of weakness around the daily R1 pivot, or 10 handle resistance zone for a swing trade lower (given the strength of the bearish engulfing candle on Friday).
The daily S1 and S2 pivot point around 99 and 98.50 respectively are downside targets for bears to consider.
MS.
AUDNZD - Long trade idea !!Hello traders!
‼️ This is my perspective on AUDNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish OB + level 1.09000.
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AUDNZD strong bullish expectations for next periods
AUDNZD RBA coming in new week, technically what can see on medium and long term AUD having strong bullish expectations.
I watch on AUDNZD like "speacial" pair, what we are can see in last periods we have and changes on EUR and USD rate cut are start going lower, believe that will same have impact and on AUDNZD trend, expecting now stronger bullish changes on this pair for next medium and long term periods.
This period for me is highly good for entry long. Currently price on strong trend line. And +bouncing from this week on strong weekly zone (1.08100).
Expectations for RBA are bullish boost for AUD.
TP: 1.12000 (300)
TP2: 1.14000 (500)
AUDNZD The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the AUDNZD next move:
The instrument tests an important psychological level 1.0936
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0915
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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