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Eur-aud

EURAUD approaching 1st support, potential for a bounce!Price is approaching 1st support, which is in line with our 78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal swing low support and ascending trendline support. We could potentially see a bounce at this level and further rise up towards 1st resistance, which is in line with 61.8% Fibonacci retracement, 61.8%,161.8% Fibonacci extension and horizontal overlap resistance. Stochastics has also just bounced from the 11.71 level where it has reacted from before. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
EURAUD looking for a break of the 4h structure 🦐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.
Short
by InkyGrip
10
EUR: Current Sentiment DriversLatest Developments: April 14 – Spain’s coronavirus cases increased to 3,387,022 (+10,474) while Italian cases increased to 3,809,182 (+16,157) and French cases increased to 5,149,834 (+43,505). March 17 – Final HICP for February remained unchanged from January at 0.9% Y/Y; although, Core HICP was confirmed at 1.1%, compared to January’s 1.4%. March 11 – At their March meeting, the ECB kept all three key rated unchanged as expected, and although the size of PEPP and APP remain unchanged, the ECB stated that purchases under PEPP in the next quarter are to be conducted at a significantly higher pace. March 9 – Revised GDP for Q4 printed at -0.7% Q/Q and -4.9% Y/Y compared to -0.6% Q/Q and -5.0% Y/Y for the flash estimates. February 1 – Europe’s Unemployment Rate for December remained unchanged at 8.3%. Future Sentiments Shifts: EUR’s outlook remains highly dependant on the coronavirus outbreak and Europe’s economic outlook. Concerns over Europe’s coronavirus outlook have risen since late last year, with many countries now suffering second waves and re implementing lockdowns. Although countries appear better equipped compared to their initial outbreaks, Europe’s coronavirus outlook poses significant downside risks to their economies. Additionally, although the EU is rolling out a vaccine programme, it has faced several obstacles and widespread criticism. All in all, while coronavirus concerns remain high in Europe, risks for EUR will be to the downside, especially when compared to the currencies of countries that are managing their outbreaks and vaccine rollouts more effectively. Primary Drivers: European Central Bank – Europe’s monetary policy outlook remains key to EUR’s fundamental outlook. EUR is likely to be supported when the ECB holds a hawkish stance and begin tightening policy, but come under pressure when the central bank holds a dovish stance and is expected to ease policy. Month End Flows – During the last few trading days of every month, EUR is usually influenced by month end flows as banks and institutions rebalance their books and settle transactions. Although not always the case, more often than not, month end flows tend to be EUR positive especially against GBP. USD –EURUSD is the most traded currency pair in the world, making up 24% of daily forex trades according to the Bank of International Settlements (BIS). As such, movements in USD often influence EUR, with EUR weakening when USD strengthens and EUR strengthening when USD weakens.
by thunderpips
EURAUD for a short leg 🦐EURAUD after the attempt to break the weekly resistance lost the bullish momentum. The market is now breaking the minor ascending channel and according to Plancton's strategy, if the conditions will be satisfied 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.
Short
by InkyGrip
10
EURAUD - FOREX - 14. APR. 2021Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Bullish price action towards main sr level. 4 HOUR Overall bearish market structure.. DAILY Expecting more price action towards previous lows. - FOREX SETUP SELL EURAUD ENTRY LEVEL @ 1.55570 SL @ 1.56490 TP @ 1.54340 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
31
EURAUD breaking the resistance 🦐EURAUD after the recent lows started an impulse and reached the weekly resistance at the 1.50 level. The market after a minor retracement is now attempting the break and according to Plancton's strategy if the price will close above we can 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.
Long
by InkyGrip
6
💡Don't miss the great buy opportunity in EURAUDTrading suggestion: There is a possibility of temporary retracement to the suggested support line (1.5510). . 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70.44. Take Profits: TP1= @ 1.5690 TP2= @ 1.5800 TP3= @ 1.5950 TP4= @ 1.6000 TP5= @ 1.6140 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 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 ❤️
Long
by ForecastCity_World
17
EUR/AUD on a Critical Zone - Long Term ViewGood morning traders, today we bring you our long-term vision of EUR/AUD, which is at a critical level that will determine the behavior of the next few months. 🔸About a year ago the price started a pronounced bearish movement, breaking all the support zones in its path. 🔸Now, in the confluence zone between the support zone and the Ascending Trendline, it found some demand. 🔸Due to this, it has been consolidating for the last weeks. 🔸Based on the long-term scenario, the main trend is still bullish. 🔸However, we cannot confirm that the next move will be an impulse in that direction, so we are waiting for a clear reaction. 🔸In case of a bounce to the upside, the target zone is the Resistance Zone at 1.6800. 🔸And, in case there is not enough demand and the price breaks the Ascending Trend, the bearish target is the Support Zone at 1.3700.
by ThinkingAntsOk
3
EURAUD approaching 1st support, potential for a bounce!Price is approaching our 1st support, in line with our 78.6% Fibonacci retracement, 50% Fibonacci extension, horizontal swing low support and ascending trendline support. We could potentially see a bounce and further upside towards our 1st resistance, in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance. Stochastics is also approaching the lower 7.11 support level where it has reacted from before, 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.
Long
by TradeGATEHub
2