Eur-aud
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
(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: 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
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
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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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.
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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.
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.
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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
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
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.