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Eur-aud

EURAUD Bullish long-term. Bearish below 1D MA200.The EURUAD pair made a big bullish break-out in late December as it broke above the Bearish Megaphone structure that it has bene trading in since late 2020. The past 3 weeks however have been marked by a retrace, even below the 1D MA50 (blue trend-line) which was the Support before. Potentially a new Channel Up may be dictating the new bullish trend and that was the formation of the new Higher Lows, so as long as it holds, we are bullish targeting 1.6000 and then 1.62350 (bottom of the long-term Resistance Zone). We will open long-term sells only if the price breaks below the 1D MA200 (orange trend-line). In that case, 1.4800 will be the first target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
Euraud should be having more downside!After the breaking of a key support last week, i had been bias to short its rally on lower tf..e.g. h1. same for coming week i feel. **Find out more from my Tradingview Stream this week** *************************************************************************************** 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!
Short
by Shadowing_The_Big_Boys
2
EURAUD healthy uptrend EURAUD on the daily seems like a pullback for entries to go long on lower timeframe.Do watch for any.Wait for stars to align! :) **Find out more from my Tradingview Stream this week** *************************************************************************************** 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!
Long
by Shadowing_The_Big_Boys
EURAUD - Follow The Trend! 📉Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. EURAUD is overall bearish trading inside the brown falling broadening wedge pattern, and it is currently sitting around the upper brown trendline. Moreover, the zone 1.60 is a strong resistance zone . 📊 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance) 📕 As per my trading style: As EURAUD is around the purple circle zone, I will be looking for bearish reversal setups (like a double top 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
Short
by TheSignalyst
9
Euraud looking to short pullbacksrejected the key R zone,looking to short on this cross **Find out more from my Tradingview Stream this week** *************************************************************************************** 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!
Short
by Shadowing_The_Big_Boys
1
InvestMate|EUR/AUD We are falling to a strong support zone💶💶EUR/AUD We are falling to a strong support zone. 💶At last, after a long accumulation between levels, it is time for a decisive direction. 💶Looking at the size of the current candles and adding to the fact that the Euro is falling on most pairs, I can safely say that it is time to test the local support levels on this pair. 💶I determined the nearest support zone based on the fibo level of the entire downward wave from the 2008 peak to the 2012 bottom. 💶As you can see, over the last few weeks we have bounced repeatedly from the resistance zone set based on the 0.236 level of the entire downward wave from the 2020 peak to the 2022 low. 💶It looks like we have currently bounced off it for good 💶The scenario I am playing out is a continuation of the declines on a wave of weakening of the euro to reach the local support zone marked on the chart. At that point I will be watching closely to see how the price will react in order to predict the next move. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
11
Buying EURAUD on dips.EURAUD - 21h expiry - We look to Buy at 1.5445 (stop at 1.5406) Previous support located at 1.5450. Previous resistance located at 1.5500. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.5425, resulting in improved risk/reward. A move through 1.5500 will confirm the bullish momentum. Our profit targets will be 1.5543 and 1.5563 Resistance: 1.5525 / 1.5575 / 1.5600 Support: 1.5450 / 1.5425 / 1.5400 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
A possible bull flag on EUR/AUD is formingEUR/AUD has caught my eye for a potential long. It posted a solid rally form the August low and entered a retracement phase, so at some point looking for it to turn higher. A potential bull flag is forming on the daily chart, and Friday’s spike lower shows a (failed) attempt to drive the market lower, where is found support at the July (close) high. Yesterday’s low found support at the July high and monthly pivot point, and prices are teasing trend resistance of the potential bull flag. Furthermore, a bullish divergence is also forming on the RSI (2) so perhaps we are approaching a bullish breakout. Also note that large speculators remain net-short AUD/USD futures yet are their most bullish on EUR/USD futures since June 2021. We could look at this as a proxy for large speculators being net-long the euro against the Australian dollar. Bulls could either wait for a break above 1.5352 with an initial target being the 1.5706 to monthly R1 zone. Alternatively, bulls could seek dips above the monthly pivot point in anticipation of a breakout (whilst this increases the potential reward to risk, it also brings the risk the breakout does not occur). A break above the R1 resistance zone brings the R2 resistance zone into focus. A break beneath Friday's low invalidates the bullish bias over the near-term and signals a deeper retracement from its recent highs.
Long
by CityIndex