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EURAUD

EURAUD Analysis: Opportunity to Sell at 1.66925? My analysis shows that the EURAUD currency pair is currently at 1.66925 with a high probability of a sell (sell) trade. Strong resistance at 1.66925: The 1.66925 level forms a strong resistance zone with the convergence of several resistance levels. Forecast: EURAUD is expected to move down from the 1.66925 level. The first downside target is at 1.65700. If it crosses 1.65700, we can predict a decline to 1.64500. important points: Pay attention to risk management and the use of stop loss in your transactions. This analysis is for informational purposes only and does not constitute investment advice
Short
by ForexCSP
EURAUD resistance continues to cap gains.EURAUD - 24h expiry The medium term bias remains bearish. Price action looks to be forming a top. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Bespoke resistance is located at 1.6560. We look to Sell at 1.6560 (stop at 1.6596) Our profit targets will be 1.6470 and 1.6450 Resistance: 1.6560 / 1.6590 / 1.6630 Support: 1.6500 / 1.6460 / 1.6420 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.
Short
by OANDA
EURAUD My Opinion! BUY! My dear friends, Please, find my technical outlook for EURAUD below: The price is coiling around a solid key level - 1.6539 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.6574 Safe Stop Loss - 1.6517 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURAUD SELL SIGNAL Hey guys! Its your girl forex potatoe and its another week of trading, happy holidays Today we analyze our technical analysis for this pair and the reasons for my bias. Confluences: Head and shoulder Weekly, and daily bearish divergence downtrend on daily, 4H timeframe All these are strong confluences for why this pair in my opinion is going to drop right here. Kindly let me know what you think about my analysis, you can give me a follow and a boost if you like my analysis. You can also check my past analysis from last week. Thanks!
Short
by ForexPotatoe
EURAUD 113 PIPS LONG READ DESCRIPTION 1. **Support and Demand Zone**: EUR/AUD is currently within a buying zone, specifically situated in a support and demand area spanning from 1.65560 to 1.65680. This suggests a region where buyers are likely to enter the market, indicating a favorable area for initiating long positions. 2. **Trader Sentiments**: The sentiment among traders for EUR/AUD reveals that 62% of traders are holding long positions, while 38% are holding short positions. This sentiment leans towards the bullish side, implying a positive outlook for the pair. 3. **Technical Analysis Indicators**: - Daily Summary: The daily summary indicates a strongly bullish sentiment, with 15 buy signals, 9 neutral signals, and only 1 sell signal. - Moving Averages: There is a strong buy signal in the moving averages, with 15 buy signals, 1 neutral signal, and 0 sell signals. - MACD, Momentum, Bull Bear Power, CCI, RSI, ADX, Stochastic, Stochastic RSI: All these indicators are signaling buy opportunities, reinforcing the bullish bias. - ATR (Average True Range) and Average Intraday Range %: These indicators suggest a high level of volatility, with an average intraday range of 91.61%, indicating ample trading opportunities. - EMA (Exponential Moving Average) and SMA (Simple Moving Average): Both EMA and SMA (ranging from 10 to 200) are indicating a buy signal. - HMA (Hull Moving Average): The HMA (9) is also signaling a buy. 4. **Trade Targets**: According to your analysis, there are two target prices set, with a target of 113.1 pips. These targets provide clear objectives for traders and help in managing risk and profit-taking strategies. In conclusion, the technical analysis, combined with trader sentiments, suggests a strongly bullish outlook for EUR/AUD. The current positioning within the buying zone and support and demand area indicates a favorable opportunity for long positions. Additionally, the plethora of buy signals across various technical indicators reinforces the bullish bias. Traders should monitor the trade closely and adhere to risk management strategies, considering the high volatility indicated by ATR and average intraday range %.
Long
by MOAZAM1133
Strifor || AUDUSD-26/03/2024Preferred direction: BUY Comment: In addition to the New Zealand dollar, the idea that we described a little earlier, its "older brother" the Australian dollar is also excellent for longs. The idea is still the same, namely the medium-term weakening of the American currency . We highlight two scenarios for the development of events with a common target at the level of 0.66500 . Scenario №1 allows one to open buy-trades from current prices, but we don’t forget scenario №2 and keep it in reserve. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
EURAUD Massive Long! BUY! My dear friends, Please, find my technical outlook for EURAUD below: The price is coiling around a solid key level - 1.6552 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.6600 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURAUD I Potential downside continuation to support Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
1
EUARAUD BEARS IN THE MARKETHello Traders, taking a technical outlook on the EurAud. I initially had a bullish outlook on the pair but am now seeing a structural market shift in the prevailing trend. Noting that the market has broken below the holding bear channel. We can see some strong push by the sellers. Looking at the pairs in two ways: 1. We wait to see if price eases and give a bullish correction to retest the broken trendline. A retest of this zone might give an opportunity to retest 1.65885 2. Wait for break of the low around 1.64400 . This has been a strong support zone that has held the market for some time. 3. For both cases am interested in seeing if the bears have enough steam to test the 7/01/24 low around 1.62820 Key Notes: RBA held their interest rates at 4.35% largely as anticipated by the markets. Members of the RBA highlighted their resolution to work towards returning inflation within their target. Markets are anticipating seeing atleast 2 rate cutes later on in the year.
Short
by geekyfxke