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Eur-aud

💡Don't miss the great sell opportunity in EURAUDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.5694). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURAUD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance.. The RSI is at 24. Take Profits: TP1= @ 1.5619 TP2= @ 1.5554 TP3= @ 1.5477 TP4= @ 1.5424 TP5= @ 1.5359 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 ❤️
Short
by ForecastCity_World
13
💡Don't miss the great sell opportunity in EURAUDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.5694). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURAUD is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 26. Take Profits: TP1= @ 1.5619 TP2= @ 1.5554 TP3= @ 1.5477 TP4= @ 1.5424 TP5= @ 1.5359 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 ❤️
Short
by ForecastCity
7
EURAUD Facing bullish pressure | 2 July 2021EURAUD Facing bullish pressure above ascending trendline support and also graphical overlap support where we have 38.2% Fibonacci retracement. A short-term intraday bounce above our entry at 1.58516 towards -27.2% Fibonacci retracement at 1.59000 could be possible. Technical indicators are showing room for further bullish momentum as well. Prices are approaching support which is in line with horizontal swing low support, 61.8% Fibonacci retracement, and 161.8% Fibonacci extension. Prices might push up towards horizontal overlap resistance in line with 100% Fibonacci extension. If prices push down, prices might take support on horizontal swing low support in line with 100% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is also approaching 7. 01 levels, potential for a bounce. 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.
Long
by FXCM
1
💡Don't miss the great sell opportunity in EURAUDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.5802). 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 below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 47. Take Profits: TP1= @ 1.5733 TP2= @ 1.5690 TP3= @ 1.5659 TP4= @ 1.5605 TP5= @ 1.5538 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 ❤️
Short
by ForecastCity_World
6
💡Don't miss the great sell opportunity in EURAUDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.5802). 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 below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 47. Take Profits: TP1= @ 1.5733 TP2= @ 1.5690 TP3= @ 1.5659 TP4= @ 1.5605 TP5= @ 1.5538 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 ❤️
Short
by ForecastCity
4
EURAUD Bursting and heading up more? Likewise for EURNZD If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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!
Long
by Shadowing_The_Big_Boys
EUR/AUD - SHORTSummary EUR/AUD has formed a large ascending channel on the daily with clear middle section. We have now created an extension at the third touch point in another slight ascending with clear middle section, the set up is most probable for a sell set-up in the 1.58400 area. Counter Argument E/A could move up to the highs before a reversal takes place, although the structure is extremely clean, there is no additional confluence from a double top of area of high value. The Short set up is in higher favour as this is the only confluence factor for counter at the moment. How would i look to take this? As you can see, i have forecasted a corrective move towards the third touch. I would look to take a bearish engulfing candle for a risk entry or wait for the first push and 1HR or 15M flag formation, to take a reduced risk. Where price is currently we could scoop back down to the previous day low before catching momentum but this still aligns with the longer term approach and structure. Hope this helps!
Short
by HarrisonForexx
EURAUD potential for bounce| 18th June 2021EURAUD is currently at our buy entry level which is in line with horizontal pullback support in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards -27.2% Fibonacci retracement and 127.2% Fibonacci retracement Fibonacci confluence zone. If prices push past buy entry, prices might take support from horizontal swing low support in line with 127.2% Fibonacci retracement. EMA is below prices, showing a bullish pressure for prices. 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.
Long
by FXCM
EUR - FUNDAMENTAL DRIVERSFundamental bias: Weak bearish 1. Virus Situation The outlook for EUR remains tied to the EU's ability to overcome its coronavirus pandemic. At present, the outlook appears to be moving from strength to strength as the EU is set to reach their goal of vaccinating 70% of their adult population by July. This means that one of the biggest hurdles to taking on a more constructive view on the EUR has been taken away and also bodes well for a potential faster recovery once more restrictions are lifted. 2. The Monetary Policy outlook for the ECB Even though the FED and BOE are nowhere close to hawkish, they are far less dovish than the ECB, who has decided to front-load asset purchases in March. The growing rift among the GC could prove problematic when it comes to potentially altering policy in the months ahead. The June meeting has shown that the doves have won the fight for now as the bank retained their commitment to keep up PEPP purchases at a “significantly higher pace” compared to the start of the year. The bank did however recognise some of the recent positives in the data and changed their assessment on the risks to the economic outlook as no longer “tilted to the downside” but rather more “broadly balanced” (first change like this from 2018). However, the commitment from the bank to keep policy accommodative and to keep financing conditions favourable means they are still expected to be much slower to normalization compared to the likes of the BOC, RBNZ, BOE and the FED, especially with recent price pressures expected to be more temporary. 3. The country’s economic developments The issues with the vaccination roll out and additional lockdowns at the start of the year weighed on EU growth prospects, with growth differentials for the EU versus the US and UK still wide, despite some of the recent strong economic data after the vaccination roll out finally got underway. Fiscal support is another factor where the EU Recovery Fund is yet to be ratified while the US and UK have both rolled out additional stimulus and plans more in the months ahead (US). However, recent activity data suggests the hit to the economy from the most recent lockdowns was not as bad as feared and data has surprised to the upside. Even though plenty of participants have positioned for a recovery in the EU, we think a lot of those positive expectations are already reflected in the price and think as the Dollar’s fate turns less negative the EUR might face an uphill battle to keep up with its recent appreciation.
by thunderpips
EURAUD approaching 1st resistance, potential for a reversal!Price is approaching 1st resistance, which is in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and descending trendline resistance, where we could see a reversal and further drop towards 1st support, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support. It is worth noting that price is also holding under both the descending trendline and Ichimoku cloud resistances, showing signs of bearish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
EUR/AUD - New Rally coming?Good morning traders, today we bring you a long-term analysis in EUR/AUD since we consider it at the beginning of an exciting situation. It is possible to make a profit. 🔸On the weekly chart, we see that the price has been in an uptrend for almost 10 years and is currently facing the lower trend line of the channel. 🔸It was consolidating in the area for a few weeks, and recently we managed to see a little upward momentum, which is a good start. 🔸If the movement consolidates, we may see a new bullish rally, with a possible target in the previous highs. If the momentum is powerful, it may reach the upper trend line of the channel. Obviously, this situation takes months to resolve. 🔸If we go to the daily chart, we can better appreciate the price action in the current zone, how the price managed to break the range in which it was moving:
Long
by ThinkingAntsOk
2
The euro begins to weaken after a difficult climbThe Marketmiracle advisor generated a SHORT input signal on the EUR AUD currency cross The entrance price is 1.5780 and the target price is 1.5645 or with a possible profit of 0.86 The market sentiment is in tune with the SHORT direction so it should help the evolution of events. I expect on the graph a price movement similar to the one I designed. This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
Short
by MarketMiracleAdvisor
EURAUD approaching 1st support, potential for a bounce!Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support. We could potentially see a bounce and further rise up to test 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. RSI is also approaching the ascending trendline support, showing signs of bullish pressure as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
1