EURAUD potential more down side..Should be breaking lower soon...
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Eur-aud
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.
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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.
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EURAUD Buy Signal on the 1D MA50 and a fractal from 2021EURAUD has been technically trading within a Triangle since October 2021 as both a Higher Lows trend-line has been supporting and the 1.62320 Resistance rejecting the price. At the moment the pair has found Support on the 1D MA200 (orange trend-line), which is a buy accumulation level of its own, with the 1D MA50 right below it. As long as this zone up to the Higher Lows trend-line holds, the pair will be a buy opportunity targeting the 1.6200 - 1.62320 Resistance Zone. If that breaks, the next target will be the 1.64380 Resistance.
A fractal from July - August 2021 comes to add more weight to that probability as a similar Channel Up, held the 1D MA50 at the time and that gave it an aggressive price boost to the 1.64380 Resistance.
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EURAUD potential for bullish continuation | 14th FebPrice is trading in an ascending channel and near buy entry levels of 1.58632 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci projection. Price can potentially go to the take profit level of 1.61721 which is also the graphical swing high level. Our bullish bias is supported by the RSI indicator as it is abiding by an ascending trendline.
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EURAUD on a bull flag 🦐EURAUD on the 4h chart is moving in a descending retracement channel.
The price after the attempt to break above the weekly resistance tested the 0.5 Fib level and moved to the upper trendline of the channel.
How can we approach this scenario?
We will wait for the market to break the channel and move over the weekly resistance, in that case, will start to check for a possible retest of the structure and set a nice long order according to the Plancton academy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURAUD 3:1 short opportunityWith most DXY pairs in retrace mode this week I am more comfortable trading usual pairs like EURAUD for now and we've got a perfect entry here at the support of the channel and the stochastics which have been pretty profitable recently are back in overbought area. Let me know what you think in the comments