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EURAUD

EURAUD, H%S Formed Formation, Downside Breakout More Likely! Hi my friends, we are looking at EURAUD 30-minute timeframe perspective, the recent events, the formation which has formed, what we can expect the next times and how to handle such a situation out of a trading perspective. Looking at my chart you can watch there that EURAUD has formed a big and solid head and shoulders top formation, such formations are known as reversal formations confirming a top with additional downward price-action, sometimes such formations can also break to the upside but as they following on an overbought market the possibility for a breakout to the downside is much higher, I made an educational post about this which you can watch when going on my account, what is supporting the downside breakout here is the strong resistance EURAUD has still in the structure supported by the 30-EMA which is likely to confirm as resistance when touched in this area. The next times we can expect EURAUD to test this resistance and confirm it as resistance to move below the neckline which will confirm the formation and activate the downside targets at the 1.65 level you can watch in my chart marked in red but when this does not happen and EURAUD manages somewhat to move above the 30-EMA resistance this formation can also break to the upside which will confirm with a decisive volatile move above the 1.655 level but from an empirical perspective and the structure this is not a likely scenario here. The formation can be traded either aggressively with entry immediately or conservative with the entry below the neckline, as the formation has not yet confirmed and there is still a small percentage possibility given for an upside breakout the confirmation conservative entry will much smarter here. In this manner, thank you for watching the analysis, support for more market insight, all the best, and good weekend! ;) "Trading effectively is about accessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
by VincePrince
7
EURAUD: When China's news make Aussie and other Asians strong! My dear friends, Thursday, 14 September, 2023 and ECB interest rate decision is on the way. We'll wait for confirmations. But before ECB meeting, series of several bad economical news over China's financial stability were published. Market reacted to them rationally. Suddenly the red dragon start to regain it's reputation. Good news for China means stronger Aussie, Kiwi and Yen! A personal belief: Markets are not optimist to China's long-term relations with the free world and it makes them avoid longer term investing on Asian currencies. We could expect a more bearish weeks for them in next months, however, we don't hold that much so a mid-term bearish correction could be a opportunity for us! Regarding the weekly chart, some more corrective weekly candles are expected. snapshot Considering the daily timeframe, market structure has changed so there could be a stop hunt around 1.68950 snapshot The horizontal level could be a high probable and good R-to-R entry point. Levels are based on: Order-blocks, Pivot Points, Support and resistance and Reversal points.
Short
by AliSignals
EURAUD H4 | Bullish bounce off 38.2% fibo retracement?Price is approaching our buy entry at 1.6731, which is a pullback support level and at the 38.2% fibo retracement. Our stop loss is at 1.6649, which is a multi-swing low support level. Take profit is at 1.6790, which is an overlap resistance level aligning with the 61.8% fibo retracement. 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.
Long
by FXCM
EurAud- Top in place?Recently, EurAud reached 1.7 figure, and after some consolidation in that zone, the pair started to drop. This drop stopped around 1.6650 and although we have 3 reversals from this horizontal level, EurAud has started to print lower highs on our chart. This could be an indication that more losses could come and the pair could drop under this support. A break under this level could accelerate losses toward important 1.63 support On the other hand, a break back above 1.68 would put the recent 1.7 high in focus
by Mihai_Iacob
14
EA looking for a breakup and pullback to go long **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 I Approaching strong reversal zoneWelcome 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!
Long
by BKTradingAcademy
5
EURAUD Set To Grow! BUY! My dear subscribers, My technical analysis for EURAUD is below: The price is coiling around a solid key level - 1.6670 . Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.6762 My Stop Loss - 1.6613 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3
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