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EURAUD

EurAud- 1.63 zone remain my focusIn my 13 September post regarding EurAud, I wrote that a top could be in place and the pair could drop under horizontal important support. This happened the next day and on 15 September, the pair made a low of around 1.6450. Now EurAud is in a normal up-correction and this could offer a good opportunity for sellers to enter the market at a better price. In conclusion, rallies above 1.66 should be sold with the same 1.63 zone target and negation above the new resistance.
Short
by Mihai_Iacob
8
EURAUD: Bearish Reversal Confirmed?! 🇪🇺 🇦🇺 Even though, EURAUD is trading in a long-term bullish trend, we can not deny the following bearish clues: First, the pair violated a support line of a rising parallel channel and closed below that on a daily. Second, the price formed a descending triangle formation and broke its neckline as well. We have 2 important bearish confirmations now. The market may easily drop lower. Targets - 1.640 / 1.628 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
10
EURAUD, Broadening-Bear-Flag-Formation, How It Completes!Hello, Welcome to this analysis about EURAUD and the daily timeframe perspectives. As I discovered recently in the forex market EURAUD is forming a important formation that is likely to complete within the upcoming times and show up with important determinations. Therefore, as when looking at my chart we can watch there how EURAUD initiated this main ABC-wave-count to the downside with the first major wave A already completed from where on EURAUD continued with forming the wave-B in the structure and within this wave-B EURAUD is now developing a main broadening-bear-flag-formation simultaneously. In this broadening-bear-flag-formation EURUAD has a coherent wave-count from A to C already completed and now approaches the upper-boundary of the formation from where a bounce to the downside is likely to come up. When EURAUD then moves on further to breakout below the lower boundary of the formation this will be the setup for the main wave-C to emerge in the structure and the further continuations till EURAUD reaches out the dynamic-target-zone marked in blue from where the dynamic needs to be elevated again. When EURAUD approaches this target-zone there is the ability given to a appropriate reversal, how this develops then needs to be shown, it will be an important journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
7
Euraud potential turning pointLast week it failed to break up, therefore resuming its down move. On lower timeframe, pullback up already in progress as we approached the key area of 1.65. Overall bias is still on the downside has h4 has structural changes **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!
by Shadowing_The_Big_Boys
#EURAUD has still room to the downside after correction----------EURAUD SHORT---------- EUR and GBP currencies seem to be getting weaker recently after a longer overperformance over commodity currencies like CAD, AUD, NZD in the past few months. So at least a correction is imminent. I see this on the weekly and daily charts. The question is how long will this correction last or is this already over? I think we still have room to the downside in the case of EURAUD, also EURNZD and consequently GBPAUD and GBPNZD.
Short
by Szuperpotyka
EURAUD Analysis. Next fall?Hello everyone. i want share my idea about EURAUD pair. After many touch it broke daily support which was strong but at some level it came back and still coming slowly. The situation is simple, with my strategy it broke clear support which is now resistance, after touch i think we will get some strong fall to next daily support. after i used my Fibonacci tool it showed me some good entry points but am not going to open position yet because i need some confirmation at the level. Manage your risk!!!
Short
by elmakacho
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
TIME TO BUY THE EURO? Is the Euro under-priced? The ECB raised rates this week. The Euro fell. The market has priced in this week's rate hike as the last. It thinks the ECB is done. Judging by current Euro Area inflation, there are more rate hikes to come. What does this mean? A stronger Euro, which is not currently priced in. Keep an eye on Euro Area inflation figures. If inflation continues to be sticky or unexpectedly rises, EUR pairs may rally. Possible explosive upside. In my opinion, the ECB is not done with their rate hiking cycle yet. There is more to come.
Long
by Samuel_Morton_Trader
1
EURAUD SELLOFF FOLLOWING 09/14/2023 ECB INTEREST RATESI am not a fundamental trader but I do love when a major economic news event plays an impact on the market environment. This entire month the markets have been very slow and choppy so I stood out of swing trades due to the whipsaw behavior. This week has been the slowest following last weeks low movement with fed speeches on the economic calendar almost every day. I had USDCAD shorts that actually just reached my profit target but I closed out earlier this week due to the bad conditions and missed the rest of the trade, I hope you all that followed the analysis benefitted from it more than I did. On the technical side, I do not trade ranges unless big enough of a range so my only option for this pair was to wait for a confirmation of a breakout and trend continuation before getting active. I now have a confirmed breakout that I am waiting on my entry to be triggered. I gave my sell stops a little bit of room before being triggered to avoid potential whipsaws. My entry is at daily lows below 1.6450 and I will be looking to take a +3R sell to July lows around 1.6330 but price could go lower as there are buyers stops stuck around those lows. If my analysis is incorrect and my stop gets hit or my trade entry isn't triggered at all then this could signal further indecision in this pair or a possible bottom forming for a reversal back into the former broken range. Conditions have been poor lately so I am shooting my shot and if this does not go as planned then I will be sitting out the rest of the month and looking for another opportunity in another pair/market.
Short
by bajapips
EUR/AUD Approaches Important Support ZoneEuro currency traders are focused on the ECB meeting, the decision of which will be published today at 15:15 GMT+3. There will be a press conference at 3:45 p.m. According to Reuters, the probability of a rate hike is about 60%. The figure stood at 50% at the start of the week as the ECB's updated forecasts expect inflation to remain above 3% next year, well above its 2% target. At the same time, Australian dollar traders experienced a spike in volatility this morning following the release of strong labor market data in Australia. Last month, the number of employed people increased by almost 65,000 people — the second highest figure in 2023. Today, the EUR/AUD chart forms an interesting picture from the point of view of technical analysis — the price has approached an important support zone formed by the levels 1.658-1.665: → The level of 1.665 has already shown its impact on the rate in September. Moreover, the long lower shadow on the last bearish candle with a false breakout indicates demand in this zone. → The 1.658 level is a former resistance that worked effectively in June-July, and after the breakout in August, the EUR/AUD price has not yet tested it. → The psychological level of 1.66 can provide support. → The lower boundary of the ascending channel (shown in blue) may also provide support. And it is possible that if the price falls inside the zone, the bulls will try to take advantage of the chances and resume the upward trend. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
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