EUR/AUD LONG POTENTIAL EUR/AUD ANALYSIS
6/28
Check out my last analysis regarding this pair below!
(I update my pairs frequently, NOT on tradingview)
Since then price is still in a correction
We may see another pullback to the downside
Looking for long potential after a pullback
this pair likes to range for a long period of time so we really need to be patient
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
TO STAY UPDATED REGARDING THIS PAIR...
🎇 ⬇ CHECK OUT BELOW ⬇ 🎇
Eur-aud
EURAUD BULLISHComing into this new week of trading I'll definitely be speculating how price reacts in this congested area of PA. I'd like to enter once price confirms my predictions on where price plans to go in the future before this happens we must wait and see what this pair brings to the table. First we let price break out of its Price Accumulation then read candle stick readings (4hr closes only) at the exhaustion.
EURAUD ANALYSISEURAUD broke major downtrendline
Price is based above HVN at level 1.6300 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows bullish momentum
RSI is above level 50
we r waiting price to exceed key level at 1.6425 to open long trade
first target will be at level 1.6767
then finally target supply zone at level 1.7200
EURAUD: Sideways Market and Consolidation
EURAUD is trading within a wide horizontal range for more than one week.
this morning the price reached its support and with high probability, the green structure will be respected.
with double bottom formation and bullish violation of a minor resistance, chances are high that the price may recover.
target levels:
1.635
1.64
EUR/AUD - Consolidating - Wait for a break LONG.Hi traders,
Here is my view on EUR/AUD where we have quite a support level and we should see a retracement UP after consolidation.
EUR and AUD both shown a LOT of short sold but no longs added yet, this is the reason we can still go eiter way.
Up seems the most logical way for EUR/AUD because we had a MAJOR fall down, now we should recover a bit.
Follow me to keep me motivated to share my information:
Also follow me on telegram: t.me/FXT_TL
EUR/AUD LONGEUR/AUD ANALYSIS
6/21/20
EUR/AUD is one of my favorite pairs!
Check out last analysis regarding this pair below
(I update my pairs frequently, NOT on tradingview)
Price has bounced off marked support and could NOT break ress
Now we may look for a pullback to gain momentum to break current resistance above
Looks like it may be happening soon with DXY strength on our side :)
Do NOT trade before taking confirmation
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
TO STAY UPDATED REGARDING THIS PAIR...
🎇 ⬇ CHECK OUT BELOW ⬇ 🎇
EUR/AUD LONGEUR/AUD ANALYSIS
6/16
Check out last analysis below to understand the better idea
We now look for long potential
Currently, in a correction + we are in Asian session at the time of posting this
so this may range and take out last supp
Till then we look for longs!
Do NOT trade before taking confirmation
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
TO STAY UPDATED REGARDING THIS PAIR...
⬇ CHECK OUT BELOW ⬇
EURAUD - SWING - 16. JUNE. 2020Welcome to our weekly trade setup ( EURAUD )!
-
1 HOUR
Bearish price action below main sr level.
4 HOUR
Following shortterm pressure and price action.
DAILY
Expecting another push to previous lows!
-
FOREX SWING
SELL EURAUD
ENTRY LEVEL @ 1.63870
SL @ 1.65580
TP @ 1.61250
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
EUR/AUD OUTLOOKEUR/AUD ANALYSIS
6/14
This pair has been ranging for a long time
currently in a correction
Long term looking to long potential
Do NOT trade before taking confirmation
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
TO STAY UPDATED REGARDING THIS PAIR...
⬇ CHECK OUT BELOW ⬇
EUR/AUD FULL ANALYSIS: Possibly massive trend reversal ahead!Hi traders,
Here's the EUR/AUD pair which possibly signals a massive trend reversal and a buying opportunity.
As usual, we don't take any trades unless all rules of our trading strategy align.
TECHNICALS :
The pair has been in a nice downtrend since March, forming fresh LLs and LHs until it reached the 1.61 support, which aligns both with a horizontal support and a longer-term rising trendline.
The interesting part happened yesterday: Risk-off flows formed a fresh HH (after the pair failed to form a fresh LL on June 8), signaling a possible trend reversal.
The 1-hour chart zooms in a possible entry area: A pullback to a short-term horizontal support level.
Now to the other signals that point up:
RISK SENTIMENT:
Risk sentiment has notably changed yesterday with the sell-off in US equities and with signs of a possible second wave of the Covid-19. This could continue in the week ahead.
POSITIONING :
Markets are bullish on the EUR after the recent ECB meeting, and have total bearish positioning on the AUD. Although the net AUD bias (net changes in positioning) has been bullish with the recent risk-on, this could possible change in the next trading week and push the EUR/AUD pair up.
CORRELATIONS and INTEREST RATES:
German/Australian 2y yields (green) are slightly diverging from the exchange rate, and Copper keeps falling (yellow line, inverted) as global demand vanishes. This could be another headwind for the AUD and provide support for the pair in the coming week.
Please hit the "LIKE" button if you would like more posts like this. Thanks!
EURAUD appears oversold SELL
1.65292 - 1.6621 Add to Watch List
Signal ID: 72156
Time Issued: Friday, 12 June 2020 01:00:15 GMT
Status: open
Entry: 1.65292 - 1.6621
Limit: N/A
Stop Loss: 1.67586
The Congestion Opportunities Strategy has just sold EURAUD at 1.65751. The system recommends entering this trade at any price between 1.65292 and 1.6621. 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 -1.4589 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.01835, so the stop loss has been set at 1.67586. 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.
EURAUD LONG TRADE PLAN 70-PIPS.Please manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. what we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
Quick SHORT on the EURAUD: Breakout of Descending WedgeWe can see on the H4 and D1 chart that EURAUD has accumulated enough sell pressure to breakdown from the support line of the big descending wedge, with today's highs being rejected by the bottom of the wedge line, hence flipping it to resistance @ 1.65504
Now we take a look at the technicals
- MACD going over into the red, deeply in the SELL zone
- Sell volumes increasing steadily, indicating increased shorts and interest --> Momentum for further downside (Tip: A decreasing volume in 1 direction indicates the imminent reversal of the trend)
As always, feel free to like and comment if you enjoyed my posts, trade safely and carefully!
Best Regards,
GOLD D ROGER