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Euraudanalysis

A break is looming. EurAud can rise above 1.5On the 29th of August, I've written that EurAud can rise following the false break and the 1.47 zone could be the bulls' target. This target was reached last week and a correction followed. As we can see from the posted chart, this correction stopped exactly in support, and yesterday's reversal is marked by a strong bullish engulfing. At this moment there is a high probability of an up break with a target above the 1.5 zone. Buy dips against yesterday's low can be a good strategy
Long
by Mihai_Iacob
12
Jamie Gun2Head Trade - Selling EURAUDTrade Idea: Selling EURAUD Reasoning: Possibly forming an inverse head and shoulders but resistance is holding for now. Looking to fade the rally. Entry Level: 1.47000 Take Profit Level: 1.45150 Stop Loss: 1.47660 Risk/Reward: 2.8:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
3
EURAUD possible sell zone!!EURAUD is in a long-term downtrend. After monthly strong bearish engulfer, we have seen monthly doji last month. Currently, the price has grabbed liquidity from the resistance, and we have seen strong rejection from the top. As the price formed a reversal pattern, it is a high probability that EURAUD will continue to drop after testing the neckline of the reversal pattern as resistance, the price may continue to drop. Press the like button if you find value in this content :)
Short
by ForexWizard01
6
EURAUD OUTLOOK (BEARISH)Despite doing an upward move during the last few sessions following the weak Chinese economic data released on Friday, EURAUD remains positioned within a severe downtrend. The Euro has been hammered of late as the ECB has embarked on its first tightening cycle in a decade with Europe facing a recession. While European policymakers have not been as blunt as their British counterparts, recession may be unavoidable as the Eurozone struggles to control energy costs. German and French energy costs have soared as a record warm summer has worsened the ongoing crisis. Drought has seen the Rhine River fall to dangerously low levels, limiting the ability to rely on hydropower while also worsening supply chain disruptions as barges struggle to traverse the river. With this plethora of headwinds surrounding Europe, it is hard to be bullish case for the Euro. Additional rate hikes from the ECB may be currency-negative, as they may further restrict economic activity in the region. That being said, EURAUD may soon make a visit back to the yearly low below 1.44. The pair has already broken through a major support zone between 1.45 and 1.46, which has now turned into resistance. A failure here coupled with continued weakness from the Eurozone could usher in fresh yearly lows in the near-term.
Short
by Citifiedfit