EURAUD: Big Crash, incoming?Fundamentally I got Aussie strength on the horizon, whilst the EU is all over the place.
I'm seeing a big fall coming, with the EU basically stagflating and AUD being buoyed by Chinese recovery, gold price increases etc.
Even though we've seen positive data for the Euro this week, the effect on the FX has been negligible.
Can't see the Euro doing much more than it has recently against the Australian Dollar.
Could be a great trade for me this one...
Eur-aud
Euraud potential turning pointLast week it failed to break up, therefore resuming its down move.
On lower timeframe, pullback up already in progress as we approached the key area of 1.65. Overall bias is still on the downside has h4 has structural changes
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EUR/AUD swing trade longEUR/AUD remains within an established uptrend on the daily chart, and a 3-wave countertrend move has formed.
It is trying to build a base above the 50-day EMA and July high, which paints a near-term bullish bias whilst prices remain above 1.66.
We're not yet sure whether we're at or near the end of a 3-wave correction, or if this is simply the first leg lower of a deeper retracement. For now, we'll target 1.85 and use a break above 1.69 as confirmation that momentum has realigned with the daily bullish trend.
EURAUD - Looking For Buy Setups Already ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for sell setups around the upper bound of the orange channel.
EURAUD rejected our resistance, traded lower, and now approaching the lower bound of the channel.
Moreover, the zone 1.655 is a strong support.
🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As EURAUD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURAUD Sell signal confirmed.The EURAUD pair is trading within a Channel Up pattern since mid-September 2022 and appears to have priced the new Higher High as the 1D RSI replicated the top pattern of the previous Higher Highs. We are still early in the technical pull-back that should be priced below the 1D MA100 (green trend-line) at a minimum of -4.55% from the High. As a result our target is 1.6300.
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EURAUD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring EURAUD for a selling opportunity around 1.69300 zone, EURAUD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the trend at 1.69300 support and resistance zone.
Trade safe, Joe.
EURAUD Potential DownsidesHey Traders, in today’s trading session we are monitoring EURAUD for a selling opportunity around 1.68500 zone, EURAUD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.68500 support and resistance zone.
Trade safe, Joe.
EURAUD Trade Alert: Bullish 'W' Formation Predicts BIG Gains!Hey Traders!
As we begin the week, our focus is on the EURAUD currency pair. Exhibiting a strong uptrend and a bullish 'W' formation on the 4-hour chart, this pair shows promise for further ascent. The presence of a low lower wick close reinforces the potential for continued bullish momentum. As always, ensure to integrate this information into your broader investment strategy. 😊👋
EUR/AUDFor this week, I'm looking to enter a position in EUR/AUD based on these 2 scenarios .. in both cases; we need excellent and robust confirmation.
Until the BOJ stops controlling the curve, the JPY won't get strong, and this will happen soon, but not too soon .. follow the news .. try to understand, and read a little about the dynamics of this market.
Ps . Leave your comments and thoughts .
EUR/AUD another leg down(~+170 pip)Hello Traders
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-RC
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EURAUD: Supported by the 1D MA50, ready for a Higher High.EURAUD has made a Double Bottom on the 1D MA50, keeping the 1D time-frame bullish (RSI = 58.711, MACD = 0.006, ADX = 17.748). This is primarily a bullish signal and as the 1D RSI is forming the same Channel Down which on April 14th kickstarted a strong leg up, we will take a short-term buy position targeting the 1.0 Fibonacci (TP = 1.67850). The extension can technically go as high as the 1.236 Fib level.
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EUR/AUD Short idea(+300 pip)Hello Traders
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EURAUD to breakdown?EURAUD - Intraday - We look to Sell a break of 1.6450 (stop at 1.6505)
Trading within the Channel formation.
We look for price action to stay within the channel formation today.
Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return.
A move through 1.6425 will confirm the bearish momentum.
Short-term RSI has turned negative.
Our profit targets will be 1.6310 and 1.6270
Resistance: 1.6500 / 1.6525 / 1.6550
Support: 1.6425 / 1.6400 / 1.6250
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EURAUD to breakdown?EURAUD - 24h expiry
Trading within a Corrective Channel formation.
We expect a reversal in this move.
Momentum is flat, highlighting the lack of clear direction.
A move through 1.6450 will confirm the bearish momentum.
The measured move target is 1.6300.
We look to Sell a break of 1.6445 (stop at 1.6495)
Our profit targets will be 1.6325 and 1.6295
Resistance: 1.6525 / 1.6550 / 1.6600
Support: 1.6450 / 1.6400 / 1.6300
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