EURAUD Potential Buy from SupportWelcome back! Here's an analysis of this pair!
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** Price approaching previous daily support zone, uptrend on 4 hr., price above 50MA, look for rejective support and a bounce from the highlighted level. No rejection, no entry.
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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Eur-aud
Extreme trader sentiment points to possible EURAUD uptrendSignal ID: 78990
Time Issued: Monday, 10 January 2022 01:00:00 GMT
Status: open
Entry: 1.5782 - 1.58246
Limit: N/A
Stop Loss: 1.56841
The Trend Follower Strategy has just bought EURAUD at 1.58033. The system recommends entering this trade at any price between 1.5782 and 1.58246. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.52252. This suggests that the EURAUD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00851, so the stop loss has been set at 1.57182. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Extreme trader sentiment points to possible EURAUD uptrend Signal ID: 78990
Time Issued: Monday, 10 January 2022 01:00:00 GMT
Status: open
Entry: 1.5782 - 1.58246
Limit: N/A
Stop Loss: 1.56841
The Trend Follower Strategy has just bought EURAUD at 1.58033. The system recommends entering this trade at any price between 1.5782 and 1.58246. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.52252. This suggests that the EURAUD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00851, so the stop loss has been set at 1.57182. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
💡Don't miss the great buy opportunity in EURAUDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.5720).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.5812
TP2= @ 1.5880
TP3= @ 1.5950
TP4= @ 1.6049
TP5= @ 1.6170
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 (1.5720).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.5812
TP2= @ 1.5880
TP3= @ 1.5950
TP4= @ 1.6049
TP5= @ 1.6170
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 appears oversold | 6th Jan Signal ID: 78960
Time Issued: Thursday, 06 January 2022 05:00:16 GMT
Status: open
Entry: 1.57381 - 1.57849
Limit: N/A
Stop Loss: 1.58551
The Congestion Opportunities Strategy has just sold EURAUD at 1.57615. The system recommends entering this trade at any price between 1.57381 and 1.57849. The signal was issued because the 28-hour Relative Strength Index indicates that the EURAUD may be oversold, while the Speculative Sentiment Index reading of -1.03067 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.00936, so the stop loss has been set at 1.58551. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURAUD looking for a lower low 🦐EURAUD on the 4h chart is testing an important support.
The price after the test of the 0.5 Fib level is now moving lower.
According to Plancton's strategy IF the price will break below and satisfy the ACADEMY rules we will set a nice short order.
–––––
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.
Possible trend shift in EURAUD – going short | 27th Dec Signal ID: 78843
Time Issued: Monday, 27 December 2021 00:00:16 GMT
Status: open
Entry: 1.56424 - 1.56798
Limit: N/A
Stop Loss: 1.57358
The Tidal Shift Strategy has just sold EURAUD at 1.56611. The system recommends entering this trade at any price between 1.56424 and 1.56798. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.02688, which suggests that the EURAUD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00149, so the stop loss has been set at 1.57358. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Divergence signals and buying opportunities with EURAUDH4 time frame.
Structure: Uptrend.
At the price zone of 1.57000, a divergence signal and a double bottom reversal pattern appeared.
Waiting for the price to break the Key level at 1.59000 and the retest signal to confirm the uptrend, we can find buying opportunities.
Profit target is 1.61500 and 1.64000 price zone.
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Wish you all have a good trading day!
EURAUD potential for bounce! | 17th Dec 2021Prices are on bullish momentum and abiding to our ascending trendline. We see potential for a bounce from our buy entry at 1.57822 which is an area of Fibonacci confluences towards our Take Profit at 1.59706 in line with 161.8% Fibonacci projection . Technical indicators are showing bullish momentum.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURAUD potential for bounce! | 17th Dec 2021Prices are on bullish momentum and abiding to our ascending trendline. We see potential for a bounce from our buy entry at 1.57822 which is an area of Fibonacci confluences towards our Take Profit at 1.59706 in line with 161.8% Fibonacci projection. Technical indicators are showing bullish momentum.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURAUD bullish continuation | 6th Dec 2021Price is abiding to the ascending trendline support, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with horizontal swing highs. Our bullish bias is further supported by the stochastic indicator where the %K line is abiding to the ascending trendline support.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURAUD bullish continuation | 6th Dec 2021 Price is abiding to the ascending trendline support, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards take profit level in line with horizontal swing highs. Our bullish bias is further supported by the stochastic indicator where the %K line is abiding to the ascending trendline support.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURAUD potential dip! | 3rd Dec 2021Prices are consolidating in a rising triangle pattern . We see potential for a pullback from our sell entry at 1.59949 in line with 127.2% and 161.8% Fibonacci extension towards our Take Profit at 1.57548 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci Projection . Technical indicators are showing bearish momentum.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURAUD potential for further uptrend | 3rd DecPrice is near buy entry price of 1.59057 which is also 50% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially go to the take profit level of 1.60679 which is also 78.6% Fibonacci retracement. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above it.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURAUD potential dip! | 3rd Dec 2021Prices are consolidating in a rising triangle pattern. We see potential for a pullback from our sell entry at 1.59949 in line with 127.2% and 161.8% Fibonacci extension towards our Take Profit at 1.57548 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci Projection. Technical indicators are showing bearish momentum.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.