EURAUD - FOREX - 14. JUNE. 2021Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Closure above main sr level.
4 HOUR
Overall price turnover, expecting more bullish pressure!
DAILY
Great long setup!
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FOREX SETUP
BUY EURAUD
ENTRY LEVEL @ 1.57040
SL @ 1.56650
TP @ 1.57590
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Eur-aud
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.
EUR/AUD: Selling the breakout! Hey guys,
Currently watching EUR/AUD which tested a demand level on June 7.
I will looking to sell the breakout of this triangle pattern and will target the next fresh demand zone around 1.56500-1.56600 levels.
The RR ratio for this trade is around 1.7
Trade with care
Best,
Jesse
EURAUD TRADE PROJECTIONBased on current price movement, euraud will be on buying mode for intraday till (1.157621) area. Then price will gone short to the significant previous supply zone (1.54338). But this is just an idea. Before place an entry please make sure there is clear rejection on the stated area. Leave it if the price didnt make any rejection or reversal sign.
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.
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:
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.
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.
EUR/AUD Analysis KiSS 2.0 Intraday IdeaWelcome back! Please support this idea with a LIKE if you find it useful.
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EUR/AUD :REVERSAL ON RANGE AREA + REBOUND RESISTANCE - SHORT 🔔Welcome back Traders, Investors, and Community!
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EURAUD breaking the resistance 🦐EURAUD after the attempt to break below the monthly trendline started an impulse to the upside.
The price is now testing the weekly resistance and according to Plancton's strategy if the market will break above we will set a nice long 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.
Leave a comment that is helpful or encouraging. Let's master the markets together
EURAUD ona bearish outlook 🦐EURAUD on the 4h chart is moving over a trendline near to a minor structure.
The price tested the trendline a few times and according to Plancton's strategy if the market will break below 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.
EURAUD for a short leg 🦐EURAUD on the 4h chart is moving over a trendline near to a minor structure.
The price tested the trendline a few times and according to Plancton's strategy if the market will break below 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.
Medium term analysis EURAUDHi everyone
I hope you are well
As we showed in the previous analysis, we have a resistance area with a long-term trend line that resists price growth strongly and, like previous times, pushed the price down. If the price breaks the trend line and stabilizes below the line, it will continue the downward trend. We have listed all the possible situations that may occur for you.
But if the price goes below the trend line, we will probably see a rise in price.
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⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
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Analysis for EURAUDChart seems to be about to end its boring state. But is the price going up or down?
In this analysis, we have a long-term trend line in daily time, a channel and a resistance zone (1.5660 - 1.5700) in four-hour time, which gives us a strong resistance zone. If the price can pass this zone, we will have an uptrend. If the price treats this zone with a significant downward candle, we will have to wait for the next candle.
🔥 EUR/AUD Bullish Triangle FormingAfter dumping for 4 months straight, it appears that EUR/AUD has formed a bottom around 1.53, reversing from it as we speak.
At the moment, a bullish triangle is starting to form, with the top of the triangle being TP1. Wait for the price to go touch the Entry line before entering the trade.
Entry: 1.555
SL: 1.55
TP1: 1.567
TP2: 1.59