EURAUD Potential DownsidesHey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.65200 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.65200 support and resistance area.
Trade safe, Joe.
Eur-aud
EURAUD, Huge Formation, WEDGE to Setup BEARISH BREAKOUT!Hello There!
Welcome to my new analysis of EURAUD from the 4-hour timeframe perspective. In recent times the EXY, European Currency Index has shown up with crucial bearish inclinations which are pointing to a bearish market sentiment especially with massive inflation spreading like wildfire seemingly not reacting to exponential rate hikes pulled out by the ECB. Such developments could point to a major bearish setup emerging for the EURAUD also. Besides that, there are important formational structures that need to be considered here. In this case, it is necessary to determine the final completions and changes within the market before rushing to anything else.
Formational Developments, Resistance, Bearish Momentum, and Setup:
When looking at my chart now EURAUD continued to form this preceding huge bearish descending channel trend in which it already pulled back several times bearishly off the upper boundary increasing the high possibility likelihood of such pullbacks to holding on and printing the next bearish waves with continued lower lows to be determined. Especially as EURAUD already pulled back several times from the 65-EMA in red as well as the 35-EMA in grey these EMAs are substantial resistances from where continued pullbacks are more likely than anything else. Currently, EURAUD is approaching the EMAs together with the upper boundary resistance of the channel once again which is pointing to the next bearish wave to set up from here on.
Upcoming Determinations, Bearish Breakout, Target Activation, and Underlying Drivers:
Furthermore, what is the most important formation in my whole chart is this crucial descending wedge formation. Such a formation is pointing to an increased continuation toward the bearish direction in almost all of the cases. This formation will be completed with a final breakout below the lower boundary as it is marked within my chart and as EURAUD already completed the wave-count within the formation this final breakout is likely to emerge within the near future. Once the breakout has shown up as it is marked this is going to be the origin of the wave C extension and bearish momentum acceleration as it is marked. Once this wave C acceleration and bearish wave has shown up it is going to activate the final target zone as marked.
Once this final target zone has been reached further assumptions need to be made. The pair is on my watchlist to determine important changes once they have shown up here, especially with the target projections and bearish developments to be expected. Especially, a massive inflation increase together with failed monetary policies are going to fuel a bearish momentum inclination here therefore these underlying factors also need to be considered then.
In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated.
VP
EURAUD Close to hitting our target. Reverse to buy.The EURAUD pair is close to hitting the Target we set a month ago (see chart below) on the bottom (Higher Lows trend-line) of the Channel Up pattern since mid-September 2022:
Since the 1D MA100 (green trend-line) has held as Support for 9 straight sessions, the market may consider it as the new bottom. It would be best to take the good profit made throughout this month now and turn bullish. As you can see, it is potentially the new Higher Low on the dotted Channel Up. The blue Channel Up has always made its bottom just below the 1D MA100, which is why initially we selected that as the sell target.
If you don't want to buy now, you may enter upon confirmation, which comes when the 1D MACD makes a Bullish Cross below the 0.00 mark. In either case, our target is 1.75000 (less than +7.90% from the bottom).
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EURAUD - Looking For Trend-Following Buy Setups↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURAUD has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel.
Moreover, the zone 1.63 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: 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...
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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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.
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Thank you, and please do your due diligence before any putting on any trades!
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 .