EURAUD - DAY TRADE VIEWEURAUD - Looking good on hourly candles trying to reverse back from the support zone .
My approach will be a buy here at current price 1.60450
Maintain stop loss 1.59200
Potential upside target 1.62550 - 1.63050
Follow the levels as mentioned above.
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Eur-aud
EURAUD: Update & Time To Grow 🇪🇺🇦🇺
Hey traders,
For the entire week, EURAUD is trading on a major daily support level.
The price was trading within a narrow trading range and formed an inverted h&s pattern.
Now we finally got the breakout of its neckline.
It is a very strong confirmation of a coming bullish movement.
Goals:
1.63
1.633
❤️Please, support this idea with a like and comment!❤️
EUR/AUD Signal - ECB Monetary Meeting Accounts - 26 Aug 2021EURAUD is trending to the upside currently and has made a pullback into the 50% fibonacci level prior to the ECB Monetary meeting accounts, which will provide insight into the European Central Bank's future monetary policy. Technically the pair is at the fibo golden pocket, and we anticipate continued upside into the 1.650 level.
EUR/AUD LONG ABOUT SITUATION:
* We see that the market goes with a bullish trend. +
* Previuos monthly candle shows strong buyers. +
* Weekly candle shows a correction. + And now market at 50.0 Fibonacci level. +
* 2021 08 19 Daily candle is very strong and if market will not close this candle it will be a good news for buy idea.
We can wait for the appearance of buyers and buy where is the yellow line draw.
EURAUD - DAY TRADE VIEWEURAUD - As per the hourly chart & candlestick patterns, it's trading close to the immediate resistance and chances of coming down is happening.
My approach will be a sell here at current price 1.63700
Maintain Stop loss around 1.64250
Potential downside target 1.62300 - 1.61200
Follow the levels properly, I will be glad to see your likes & comment.
EURAUD - DAY TRADE VIEWEURAUD - As per the hourly chart & candlestick patterns, it's trading close to the immediate resistance and chances of coming down is happening.
My approach will be a sell here at current price 1.61060
Maintain Stop loss around 1.61260
Potential downside target 1.60600
Follow the levels properly, I will be glad to see your likes & comment.
EUR/AUD Signal - EUR Trade Balance - 13 Aug 2021EURAUD is trending to the upside prior to the EUR Trade Balance data, which measures the total imports and exports for the Eurozone. Technically the pair is continuing to the upside after a slight correction in a bull market. Technically the pair has broken the corrective downtrend line and we anticipate continued upside into the 1.6049 level.
EUR/AUD Signal - EUR Sentix Investor Confidence - 9 Aug 2021EURAUD is trading to the upside today prior to the EUR Sentix investor confidence data, which is a monthly survey which shows the market opinion about the current economic situation and the expectations for the next semester. Technically the pair has broken a descending wedge pattern to the upside, and the RSI is indicating a bullish move. We anticipate continued upside into the 1.6118 level.
💡Don't miss the great sell opportunity in EURAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6123).
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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 1.6034
TP2= @ 1.5972
TP3= @ 1.5877
TP4= @ 1.5773
TP5= @ 1.5619
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6123).
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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 43.
Take Profits:
TP1= @ 1.6034
TP2= @ 1.5972
TP3= @ 1.5877
TP4= @ 1.5773
TP5= @ 1.5619
SL: Break Above R2
❤️ 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 Facing bullish pressure | 29 July 2021EURAUD holding above ascending trendline support. With technical indicators showing room for further bullish momentum, a push up above our entry at 1.60538 where we have moving average support and Fibonacci confluence zone, towards long term graphical swing high resistance at our target 1.61306 could be possible. Our take profit level also has both -27.2% and -61.8% Fibonacci retracement levels lining up as well
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 interests 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 Next Impulse Leg Due?EURUAD has completed the correction phase and now that we have seen the market environment shift Bullish we can expect another impulse to the upside to continue the trend.
MACD Above 0
10MA Above 20
Price executed at pivot point
Targets set at 1.272 of first impulse.
+3 R/R
Comment below which pair you would like to see next. - Nick
Sell on EURAUDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its TRENDLINE RESISTANCE and is falling down.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
EURAUD Facing bullish pressure | 23 July 2021EURAUD holding above both moving average support and ascending trendline support, showing that price is still holding within a bullish environment. A bounce above our Entry at 1.59120 where we have 651.8% Fibonacci retracement towards 50% Fibonacci retracement and graphical overlap resistance at 1.60249 could be possible.
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 interests 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.
EUR/AUD:NEW SWING RETRACEMENT PENDING|UPTREND|LONG SETUP 🔔Welcome back Traders, Investors, and Community!
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EURAUD facing bullish pressure | 22nd July 2021EURAUD is above approaching buy entry, in line with 100% Fibonacci extension. Prices are expected to rally towards take profit, in line with 161.8% Fibonacci retracement and 61.8% Fibonacci extension. Alternatively, prices may fall to take support at stop loss, in line horizontal pullback support, and 50% Fibonacci retracement. EMA is holding below our prices and MACD is above the 0 line.
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.