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EURAUD

EURAUD, Further Continuation Onward After Second Confirmation!Hello Traders Investors And Community, welcome to this analysis about recent events, the current price-structure and what we can anticipate from EURAUD the next times. In my research I discovered some fundamental important signs within EURAUD which will determine the outcomes of EURAUD further. As the world economy is slowly starting to grow again after the lockdowns this has an important impact on worldwide currencies and the forex-markets with high volatility which we currently experiencing, some people calling the euro should rotten and the states should keep their own currencies like before, if this is a good option we can not say at the moment but smart investors and traders should make their own personal standpoint in the markets and decide their market-approach on the best possible information at hand, therefore, we are looking at the 4-hour chart of EURAUD. As you can see in my chart, EURAUD has broken a major declining trendline to the upside which is marked with the blue lines in my chart. So breakdown happened with high volatility and increased volume, therefore, the bearish scenario has confirmed firstly with this significant move to the downside. Currently, it seems that the price is stabilizing between the 1.065 and 1.635 range and forming some upmoves, but at the moment these upmoves are rather weak than really solid bullish moves and furthermore EURAUD is trading below meaningful resistance levels. First of all it is the the 60-EMA which you see marked in black and secondly, it is the 100-EMA marked in orange, together with the falling trendline these levels building a coherent resistance-cluster which will highly likely confirm bearish when touched in this level. When the bearish resistance-cluster has confirmed as it is the highest possible scenario right now, the both targets you can see in my chart are activated. First of all when we reach the short-term-target and do not get any purposeful reversal here the further downside will be confirmed, after this, the middle-term-target is reached and when this has completed we need to examine the situation again and look for more signs within the information the market has gave us. This trade can be opened conservative or aggressive, the aggressive approach will be to enter the trade immediately in the current range and the conservative approach will be to wait after the falling blue trendline you can see in my chart has confirmed properly, traders should decide according to individual risk preferences and the market approach. In this manner, thank you for watching, support for more market insight and have a good weekend. Information provided is only educational and should not be used to take action in the markets.
by VincePrince
1
EURAUD Long Term SELLING Trading IdeaHello Traders In This Chart EURAUD HOURLY Forex Forecast By FOREX PLANET today EURAUD analysis 👆 🟢This Chart includes_ (EURAUD market update) 🟢What is The Next Opportunity on EURAUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
EURAUD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
EURAUD uptrend is not done yet...EURAUD has been in a uptrend for most of the year 2023 mostly due to its correlation to the US dollar being strong and fundaments coming from Australia. During the past days, the pair has been hesitating but did not test any key level... Today, what we could observe is that a retest is potentially being made on the 1.6700 support before continuing higher to test highs. The 50 SMA seems to also support that idea as it gets closer to the key level.
Long
by UnknownUnicorn48526553
EURAUD H4 | Falling to support level?Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.6869, which is an overlap resistance. Our take profit will be at 1.6716, a pullback support level. The stop loss will be placed at 1.7002, which is a multi-swing-high resistance 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
EUR/AUD Trading Update: Recent Shifts and Future PotentialIn the ever-volatile world of forex trading, staying updated on economic indicators is crucial for informed decision-making. Let's delve into the latest data releases that have the potential to sway the market. Australian Melbourne Institute Inflation Index: In August, the Australian Melbourne Institute Inflation Index saw a modest 0.2% increase, marking a slowdown from July's 0.8% rise. For forex traders eyeing the Aussie, this data signifies a shift in inflationary pressures, which can influence trading strategies. Australian ANZ Job Advertisements: August brought a 1.9% monthly increase in Australian ANZ Job Advertisements, demonstrating a healthy job market. In comparison, July's numbers showed a 0.7% uptick. This data reveals the evolving dynamics of the Australian labor market and may impact the Australian dollar's performance in forex markets. Australian Business Inventories and Company Profits: The second quarter saw a concerning trend in Australia, as Business Inventories dropped by 1.9% quarterly, significantly deviating from the predicted 0.4% rise. Concurrently, Company Gross Operating Profits plunged by 13.1% quarterly, far below the expected contraction of 1.9%. These unexpected declines contrasted sharply with Q1 figures, where Inventories rose by 1.2% quarterly, and Company Operating Profits increased by 1.3% quarterly. In particular, the staggering 14.6% quarterly fall in Company Pre-Tax Profits for Q2 will capture the attention of forex traders. German Trade Balance: July's German Trade Balance came in at €15.9B, missing the economist-predicted figure of €18.0B. This data reflected a decline in exports by 0.9% monthly while imports expanded by 1.4% monthly, deviating from the predicted drop of 1.5% and a rise of 0.5%, respectively. Comparatively, June's Trade Balance stood at €18.7B. These figures highlight Germany's trade dynamics, which can influence the euro's performance in forex trading. Spanish Unemployment Change: August's forecast for the Spanish Unemployment Change stands at -21.3K, compared to July's reported figure of -11.0K. This data reflects the shifts in Spain's labor market, which may reverberate in the forex market. Eurozone Sentix Investor Confidence: September's prediction for Eurozone Sentix Investor Confidence is at -19.6, following August's reported figure of -18.9. Investor sentiment in the Eurozone is an essential indicator for forex traders gauging the euro's performance. EUR/AUD Outlook: The EUR/AUD currency pair recently corrected from its multi-year high above 1.7060, experiencing a significant 500-pip drop. As this pair remains in focus, traders are cautiously eyeing the potential for bullish momentum in the wake of this correction.
Long
by FOREXN1
5
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.
Long
by CityIndex
EURAUD buyEurAud is moving in an upward direction lastly and follwing its daily trendline as we waiting for the retest of this daily trendline for going Long as the wait has been over and the pair has enterd in our daily trendline zone another Confluance is 200 EMA which is also showing us a buy trend and the market for this pair is Buy side we entered early but we are getting a confirmation on H1 chart after entering that is a bullish engulfing which is forming now while i am posting this anylisis so i hope it will be a H1 bullish Engulfing and the pair returns from its Daily Support Hope for the best keep safe ur capitals
Long
by Wakeel_Saab
EURAUD The Target Is UP! BUY! My dear friends, My technical analysis for EURAUD is below: The market is trading on 1.6691 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1. 6801 Recommended Stop Loss - 1.6633 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
EURAUD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare