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EURAUD

Choppy DayThe EUR was among a host of currencies today that spent most of the session in a range. EURAUD here was constrained mostly to a 30 pip boundary, making entries difficult. USDCAD was a sell around lunch time, but I was away from the desk at the break point. It looks like the pair has given back the post CPI gains. USDJPY is a notable exception at the time of writing, pushing up towards 149.800 on an extended move that is yet to pull back to the 9 EMA. The most looked extended as it broke the HoD though, so I wasn't particularly interested in getting involved. With all that said, I'm still favouring EURAUD for the watch list tomorrow given the breakout on Thursday. With just under an hour left in the session, that could change if we see a sustained flush below 1.66400 and close near the breakout level of 1.66160, which we could do given the expected daily move. I am a little disappointed by this break out given how lucrative a similar move was on CADJPY a few weeks back. There we saw several follow through days of buying which lead to multiple entries and an overnight hold. So I really do want to see the bulls step in soon here or I think this may be a dud.
Long
by RuckSack
BluetonaFX - EURAUD Falling Wedge LONG IdeaHi Traders! There is a falling wedge pattern on EURAUD, which signals a possible reversal of the bearish trend we have seen over the past couple of months. Price Action 📊 An aggressive price rejection candle followed by a momentum swing suggests that bulls are currently in control of the market. We are looking for a further bullish momentum break above the resistance trendline. Fundamental Analysis 📰 Australia left their interest rates unchanged, and the statement from the RBA left traders unconfident about Australia's economic outlook. Support 📉 1.63946: PREVIOUS DAY'S LOW Resistance 📈 1.66430:RESISTANCE TRENDLINE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
3
Long Positions in EUR/AUD, Potential for Additional Upside.Traders favoring a rise in EUR/AUD continue to stand strong, with opportunities for additional gains. The market suggests that there is still room for further upward movement. Buy: 1.6680 TP: 1.6750 SL: 1.6600 "Simple doesn't mean not profitable" Stay focused my friend. 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". Thanks for your continued support!
Long
by PropTradePros
Euraud more upside to come?Watching for it to break up higher from here, let's see.It might also sideway or go lower to test the up trendline... **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
1
💱EURAUD - potential for further growth is forming EURAUD breaks the resistance of two-month consolidation. The market may show a rather prolonged strengthening towards 1.70000 TA on the high timeframe: 1) the market is entering the distribution phase 2) The accumulated potential can be realized during 2-3 weeks. TA on low timeframe: 1) Consolidation is formed above 1.66387 2) before further growth the price may return to the support for a retest 3) also before further growth separates the breakout of resistance 1.67000. A strong impulse can be formed from the level Key support📉: 1.66387 Key resistance📈: 1.67914
Long
by AndeWave
10
EURAUD H4 | Approaching resistanceEUR/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.66180 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 1.66960 which is a level that aligns with the 50.0% Fibonacci retracement level and sits above a pullback resistance. Take profit is at 1.64540 which is a pullback support level. 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. 70% 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. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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 Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. 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.
Short
by FXCM