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EURAUD

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). ------------------------------------------------------------------------------- ** 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
1
EURAUD, Gigantic ASCENDING-WEDGE, BEARISH Continuation SETUP!Hello There! Welcome to my new analysis about EURAUD on several perspectives. The Eurozone inflationary pressures increased massively within the recent times determining a huge bearish edge against the AUD zone, especially as inflation in the Eurozone is not yet tackled by continued higher rate hikes with which the ECB, European Central Bank is trying to decrease inflation. Compared to the AUD zone this means that the EUR is much more bearishly inclined against the AUD and in this case it is also important on how the actual technical price action is confirming such a bearish inclination. In my chart I am pointing out that the EURAUD is now setting up a gigantic ascending-wedge-formation with several resistances within the structures. The EURAUD is now approaching the major 50% Fibonacci-resistance within the 1.7 which is simultaneously determining the resistance by the upper boundary of the gigantic wedge formation and forming a coherent resistance-cluster within this level. Once EURAUD shows up with a major pullback off this zone this means that the possibility for an completion of the wedge-formation increases astronomically and a completion of it will point to the bearish target-zones to be reached. Especially if the massive interest rate hikes within the Eurozone implemented by the ECB should not effectively decrease the inflation rate of the EUR this will put a lot of bearishness on the Euro and therefore also on EURAUD and with such a dynamic it is going to accelerate the bearish momentum. Once the whole ascending-wedge-formation has been finally completed the target-zones will be active and once the final target-zone has been reached the bearish momentum should be assessed again because with further developments to the downside this could actually lead to a major bearish wave-count extension for EURAUD and move to lower levels. In any case it will be a highly important development to consider here. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
by VincePrince
22
EurAud with my 1.63 target in sightIn my 20 September post, I wrote that EurAud could correct further and eventually reach 1.63 important support zone. Indeed, after a test of the indicated resistance at that moment, the pair dropped again to new support at 1.6450-1.6470 zone. Yesterday the rally was met once again with selling power shy under 1.66 and now we are again at support. All recent price action suggests down continuation and I expect a break under 1.6450 support. In this case, my 1.63 target is the most obvious one and also the most probable.
Short
by Mihai_Iacob
7
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
Long
by TheSignalyst
7
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 experienced decline from its previous high of 1.7060EURAUD pair is being traded at 1.6520. It has recently experienced a decline from its previous high of 1.7060 and is expected to continue moving down until it reaches its up-trend support level. If the pair is able to maintain its position at this level of support and displays respect for it, we will initiate a long position. As a result, the price is predicted to ascend towards its up-trend resistance level. In case, up-trend support level is broken due to increased selling pressure, the price will likely continue to decrease until it reaches its next support level at 1.5920.
by FKW-Millions
💱 EURAUD - The market is preparing for further decline EURAUD is forming a local flat after breaking through 1.6658. The market is forming a retest of support, but there will be a chance of a breakout if the price comes back again after a small rebound TA on the high timeframe: 1) We have a bearish trend 2) A pre-breakout consolidation is forming near 1.64975 3) Another support retest may break the level and form an impulse to 1.61900 TA on the low timeframe: 1) Price is descending in steps within the bearish channel, which indicates a strong trend 2) Support at 1.64885 and multiple retests of it are forming. 3) The market is preparing to break this line and further fall. 4) The sell signal will be a retest and consolidation below the support level Key resistance📈: 1.66122 Key support📉: 1.64885
Short
by AndeWave
4
EURAUD H4 | Rising towards 38.2% Fibo resistanceEURAUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.65639 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 1.66372 which is a pullback support that sits above the 50.0% Fibonacci retracement level. Take profit is at 1.64549 which is a swing-low support. 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
1
EURAUD - 4hrs ( Sell Trade Target Range 250 PIP )Pair Name : EUR/AUD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ❗️ Short ) Type : Mid Term Swing —————————— Bearish Break 1.66150 Area reasons - Major Turn level / D - Visible Range Lvn - Pattern Break - Fixed range Value - Day / week Low Bullish Reversal 1.62700 Area Reasons - Major Turn level - Visible Range Poc - Channel lower Band - Fibo Golden - Choch Arae - Quarter's Area
Short
by GentleGoldenEngine
EURAUD The Target Is UP! BUY! My dear subscribers, EURAUD looks like it will make a good move, and here are the details: The market is trading on 0.6497 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6537 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1