EURAUD 1D MA50 rejection. Sell signal.The EURAUD pair has been rejected on the 1D MA50 (blue trend-line). In fact Monday was the first time the price hit this trend-line since February 18. The trend is heavily bearish long-term as the pattern has been a Bearish Megaphone since June 2020.
We are expecting a new Lower Low near the 2.0 Fibonacci extension (1.4051) and then a medium-term rebound towards the 0.5 Fib retracement and the top of the Megaphone.
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Eur-aud
EURAUD: Time to Sell! 🇪🇺🇦🇺
Hey traders,
EURAUD is trading in a long-term bearish trend.
Setting a new low in April, the pair retraced to a major falling trend line on a daily time frame.
From that, I was looking for a confirmation to short.
On an hourly time frame, I spotted a double top formation.
Its neckline breakout will most likely trigger a bearish trend continuation.
Goals:
1.456
1.4517
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Trading Day Morning Jumpstart ahead of the Asian sessionMarkets held up okay in the US session but the pressure is definitely on as major Indexes across the board start to break lower.
I cover the key markets for the start of the new session ahead of the Asian market open. Major levels to watch and the current bias for markets....and how I would look to trade around these levels.
Markets covered : -
SP500, DOW, Nasdaq, ASX200, HSI, Nikkei, DAX and FTSE
US DOllar index, AUDUSD, EURUSD, GBPUSD and USDJPY
Oil, Gold and Copper
Bitcoin and Ethereum
💡Don't miss the great buy opportunity in EURAUDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4613).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 1.4705
TP2= @ 1.4752
TP3= @ 1.4831
TP4= @ 1.4888
TP5= @ 1.4987
SL= Break below S2
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💡Don't miss the great buy opportunity in EURAUDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4613).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 1.4705
TP2= @ 1.4752
TP3= @ 1.4831
TP4= @ 1.4888
TP5= @ 1.4987
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURAUD potential more down side..Should be breaking lower soon...
Hello there!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURAUD More Decline to Come Welcome back! Here's an analysis of this pair!
**EURAUD - based on fundamentals of russia ukraine tensions, we expect more decline to come. SHORT!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
EURAUD MULTI TIMEFRAME ANALYSISHello Traders,
EURAUD is at a key zone where our interest is to Buy the retracement. This retracement could turn out to be a much bigger correction than expected.
We are awaiting a clear test of the most recent money zone taken out by the 4H buyers. But currently, there is no clear test. We are expecting the price to rally till the 1.506-1.51 zone before a retest occurs.
If such a bounce occurs from the above mentioned zone and price comes back to the 1.48 mark, we will be looking for buys based on our entry rules.
Follow for Free Entry Signals on this trade and others from Professional Traders.
IMPORTANT: Risk Management is integral in trading. Please make sure you're using safe risk management principles for your account for all trades.
EUR/AUD BearishThe price is in a strong fall without any correction, with the market closed without any candle for the Buyers, this is a signal to complete the target with breaking the two strongest supports for the price, and now it is under severe resistance, we wait to reach a next support after 400 pips to think of buying
Today’s Notable Sentiment ShiftsAUD – The Australian dollar hit a one-year high against the euro on Wednesday as investors were attracted by Australia’s status as a net energy exporter and distance form Europe’s troubles.
Explaining Australia’s improving outlook, RBC Capital Markets notes that “a strong household balance sheet with scope for consumption to move back to its pre-COVID path, backlog of dwelling activity, and recovering confidence underpins our expectation for a strong 2022 and above trend growth.”
CAD – The Canadian dollar rose across the board as the Bank of Canada hiked interest rates for the first time since October 2018 despite recent financial market volatility due to the crisis in Ukraine.
Indeed, Convera Canada ULC noted that “there was a good deal of uncertainty as to how they would respond to the geopolitical events and they stuck to their knitting pretty firmly.” Adding that the BoC’s concern about inflation pressures did a lot “to cement expectations for future interest rate hikes.”
EURAUD BUY DEMAND ZONEWelcome back! Here's an analysis of this pair!
**EURAUD- listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy