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Eur-aud

EUR/AUD-4 Hour overviewHello everyone, I want to share this with you! -On a 4-hour time frame, we can see that the price is moving between support and resistance area and we can see that price yellow support/resistance line and we can clearly see that the price broke that line and the price retested that line and continued moving in a bearish direction and on 1-hour time frame we can see that price tested that line few times and the price rejected and continued moving in bearish direction. -I expect retest on a support area(lower blue area) and then we can see will the price make pullback or will it break that area. -On a daily base, EUR is stronger than AUD and on a weekly base, EUR is still a little bit stronger than AUD. If EUR remains stronger than AUD we can expect bullish movement and if AUD gains some power and EUR loses its power we can expect bearish movement. -WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section! THANKS FOR READING! -If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support. -Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial advice.
by lCrn49
EURAUD Bullish OpportunityWe have here a bright set up for the reasons below -Entry reason for most optimal RR would be for price to check support 1 more time giving us a candlestick pattern to enter -Price is respecting its descending trend line therefore price wants to test it again before attempting to breakout -Price retesting its descending trend line 1 more time then gives us a strong trend continuation trade at our trend line and the 38% retracement signifying its still a bearish market with optimal RR on the trading idea.
Long
by RiosTrades
EURAUD: Sell opportunity on a Resistance rejection.EURAUD was rejected last week on the 1.6600 bottom of the 1W Resistance Zone. The 1D chart has already turned neutral (RSI = 52.665, CCI = -53.479, MACD = 0.006, Highs/Lows = 0.0000) as it is approaching the MA200 and with the RSI still halfway to its support level, we expect further downside. Our target is the 1.6000 top of the 1W Support Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
EURAUD | Head & ShouldersPlease support this idea with LIKE if you find it useful. Initiate Short. Entry - 1.63328 TP1 - 1.62664 TP2 - 1.61558 TP3 - 1.60911 TP4 - 1.59788 SL - 1.63566 Reason: Price formed Head and shoulders. Lost the Ichi Cloud support zone. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
Short
by Anpu
3
EURAUD Probabilities For Rebound?This is not a guarantee investment advice but seeing the potential risk to reward for upside and knowing the ECB head Lagarde due to give a speech in some minute I thought this pair will have some good volatility. Knowing that during the Asian session the latest updates on retail sales and trade balance for Australia were worst then forecast and previous but the pair continues its downtrend which was fishy and wasn't actually mean to be technically and fundamentally (kinda like things were already priced in). This time we can see a possible rebound from fib 61.80% and knowing if ECB head Lagarde has something good to say which may help boost the euro upward and if coronavirus weighs over higher-yielding currency like Aussie again will be plus point for bull traders in this pair.
Long
by Anatta0
2
EURAUD and LagardeActualmente vemos como después de rebotar en nuestra daily, está llegando hacia nuestra monthly, podemos deducir eso a través de ver como está actualmente rechazando en un soporte que he marcado con un cuadrado, además de eso, vemos como ha roto la tendéncia y ya la ha ido a retestear, con lo que tendríamos que bajar la línia de tendéncia aunque para que quede más claro, la voy a dejar así y en el siguiente análisis la modificaré, con lo que para entrar en largos esperaremos que el valor llegue a nuestra zona de KL para luego poder entrar a largos una vez se haya acumulado en nuestro KL y genere la explosión Hoy de todas maneras hablará Lagarde con lo que tenemos que ir con cuidado sobre las 13:30.
Long
by BlazeGP
EURAUD Post News Trade Short + 100 Pip PotentialWe had a good push down on the AUD Interest Rate decision and this pair has now gone into a consolidation between 1.64752 (High) and 1.64418 (Low). Moreover, it is now below the 60 and 15 min KS, as well as the 15 cloud. Entry = 1.6474 Stop = 1.6494 Risk = 20 pips Profit target = 1.6374 Reward = 100 Pips RRR = 5-1 Once this trade is up + 20 pips, move your stop to breakeven and let it run. I would appreciate if you leave a comment or like as a thank you Have a great week!! Allen
Short
by AGold54
2