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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Eur-aud
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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EURAUD Rising on the 1day MA50 off an Inverse H&SEURAUD completed an Inverse Head and Shoulders pattern with the current rise supported by the 1day MA50.
The Inverse H&S at the start of the year targeted initially the 1.236 and 1.382 Fibonacci extensions.
Buy and target 1.67750 on the short term.
Note that even the 1day RSI is on an Inverse Head and Shoulders.
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EURAUD Potential UpsidesHey Traders, in today's trading session we are monitoring EURAUD for a buying opportunity around 1.63500 zone, EURAUD was trading in a downtrend and successfully managed to break it out. Currently EURAUD is in a correction phase in which it is approaching the retrace area at 1.63500 support and resistance zone.
Trade safe, Joe.
EN/EA likely a pullback on higher timeframe and look for long Bias to go on long on lower timeframe
Likewise same for EurAUD
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURAUD Potential UpsidesHeyTrades, in the coming week we are monitoring EURAUD for a buying opportunity around 1.62900 zone, EURAUD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.62900 support zone.
Trade safe, Joe.
Target Reached! EURAUD ReviewPrice bounced perfectly from our confluence support level and reached our target. But how did it happen? Join Desmond as he reviews how we managed to forecast the reversal with such a high degree of accuracy.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
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EURAUD, D1 | Major confluence at support levelWe're seeing price test a major support level at 1.5907. We really like this level because it has an overlap support, 100% Fibonacci projection, 61.8% short term fibonacci retracement and 38.2% long term fibonacci retracement.
A bounce from here could see prices rise to test the 1.6122 resistance level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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EURAUD Potential DownsidesHey Traders, in today's trading session, we are closely monitoring EURAUD for a potential selling opportunity within the 1.61500 zone. Initially trading in an uptrend, EURAUD has successfully broken out of this trend. Presently, it is undergoing a correction phase and nearing the retrace area around the 1.61500 support and resistance zone.
Trade safe, Joe.
EURAUD Potential BreakoutHey Traders, Tomorrow's trading session will be focused on monitoring EURAUD for a potential selling opportunity in the vicinity of the 1.58900 zone. Our strategy involves waiting for a breakout and subsequent dips below the uptrend line. Once these conditions are met, we anticipate a potential retracement of the trend, leading to further lows.
Trade safe, Joe.
AUDCAD, D1 | Nice confluence setup for a reversalWe're seeing price approach major resistance at 0.9094 which is an overlap resistance, 38.2% FIbonacci retracement, 61.8% Fibonacci projection and the bearish Ichimoku cloud is giving price a nice bearish momentum.
A reversal from here could see prices drop towards the 0.8943 level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
EURAUD: May experience a long term trend shiftEURAUD is touching at the moment the bottom of the Channel Up pattern that has been in place for 10 months. The 1D time frame is technically almost oversold (RSI = 32.980, MACD = -0.011, ADX = 36.222) with the RSI in particular last time it was that low was in July 28th 2022.
If the price doesn't rebound on the current level, we expect a test of the 1D MA200. In that case, we may see a long term trend shift from the Channel Up to a newly formed Channel Down, which on the next rebound near the 1D MA50, will give us a low risk sell entry targeted at S2 (TP = 1.52650).
If the price closes a 1D candle over the 0.5 Fibonacci level, we will buy the Channel Down break out and target the Resistance (TP = 1.67850).
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EURAUD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring EURAUD for a buying opportunity around 1.58400 zone, EURAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 1.58400 support and resistance zone.
Trade safe, Joe.
EURAUD to find sellers at current resistance?EURAUD - 24h expiry - We look to Sell at 1.6090 (stop at 1.6140)
Current prices have reacted from a low of 1.5978, however, we expect further losses to follow.
Previous resistance located at 1.6050.
There is no clear indication that the downward move is coming to an end.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.5978 will confirm the bearish momentum.
Our profit targets will be 1.5970 and 1.5950
Resistance: 1.6100 / 1.6140 / 1.6240
Support: 1.5978 / 1.5900 / 1.5850
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
EURAUD Breakout and Potential retraceHey Traders, In above chart we have a breakout of EURAUD uptrend due to AUD strength. Fundamentally with Inflation concerns in Australia it is expected from Reserve Bank of Australia to go for further rate hikes which have made AUD looks interesting for investors, Technically i will be watching a potential retrace of the trend towards more lows.
Trade safe, Joe.
Euraud, pullback coming and then could be resuming its upmovepullback should be coming in on euraud ,looking to take long on lower timeframe.
Similarity on the gbpaud as well :)
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Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURAUD to find support at previous resistance?EURAUD - Intraday - We look to Buy at 1.6350 (stop at 1.6300)
Previous support located at 1.6400.
Previous resistance located at 1.6425.
Broken out of the triangle formation to the upside.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.6425 will confirm the bullish momentum.
Our profit targets will be 1.6470 and 1.6495
Resistance: 1.6425 / 1.6450 / 1.6475
Support: 1.6400 / 1.6350 / 1.6325
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
EURAUD in a triangle.EURAUD - 24h expiry - We look to Sell at 1.6325 (stop at 1.6375)
Previous support located at 1.6250.
Previous resistance located at 1.6300.
Price action has continued to range within a triangle formation.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.6205 and 1.6185
Resistance: 1.6300 / 1.6325 / 1.6400
Support: 1.6250 / 1.6200 / 1.6100
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.