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Euraudanalysis

EurAud- Heads up for a 500 pips potential dropSince mid-August of last year, FX:EURAUD has been consistently forming lower highs on our chart, negating a bullish trend that spanned over a year, a trend which was negated back in December. This year, the pair has entered into a distribution phase, with a high likelihood of establishing a new lower high. Over the past month and a half, bears have sold every rally, particularly those near or slightly above 1.66. With the pair returning to the support zone, there is a strong possibility of a downward breakout. In such a scenario, EURAUD could accelerate its losses, potentially dropping below 1.6, a movement of around 500 pips. Moreover, such a trade could potentially offer a remarkable risk-to-reward ratio of 1:4 to 1:5.
Short
by Mihai_Iacob
EURAUD I Bearish market structure and more potential downside Welcome 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!
Short
by BKTradingAcademy
4
EURAUDWhat is likely to happen next? It takes 2 points to show that a trend is valid but takes 3 points to show that a trend is confirmed. Looking forward to see a heavy rejection at current price level. We may get a retracement if the area is rejected, but keep in mind the long trend is heavily BULLISH. Because we are in a descending channel which equals to BLL RUN. Pullbacks or retracements are inevitable. At this point I will just watch the market behavior and patiently wait before I take any position. Whether long term buys or short term sells.
by EXECUTIVE_FX_BOSS
EURAUD !! Trend DOWN, SELL now⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: DOWN trend, stable trading below the EMA lines, establishing a SELL signal ⭐️ SET UP EUR / AUD PRICE: 🔥SELL zone: 1.65200 - 1.65350 SL 1.65800 TP1: 1.65000 TP2: 1.64700 TP3: 1.64300 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
2
EURAUD | Daily | OutlookLooking at EURAUD from a purely technical observation we can take note of the fact that the EURAUD has broken out of our long standing bullish monthly trend line which has started to point us towards a new bearish sentiment/bias in the long term, now looking further into it we can also notice that on top of breaking out of our monthly bullish trend we can notice that on our weekly chart we’ve also managed to identify the breakout of an ascending channel which was formed on the weekly chart further adding on to our newly founded bearish sentiment/bias. Now with all that said we look further down moving to our daily time frame we can see that at the beginning of the year EURAUD found some support at our 1.61213 level after the market broke out of our ascending channel in November last year and started trading upwards where we saw that bullish momentum take a pause when the market reached our 1.66xxx & 1.668xx respective area creating what looks like a consolidation between the 1.668xx and 1.635xx levels which is now our current trading range. With the above observation in mind we can see EURAUD bounce off near the top of our range at 1.66xxx where we can expect EURAUD to push downward a bit to bounce off the bottom of our current minor range before pushing up to our 1.712xx to 1.72xxx respective area where we’ll look towards the market creating a new resistance which will further confirm our overall bearish sentiment which we’ll be looking to take advantage of over the long term. Please note that the current analysis and observation is comprised solely of my own personal opinion, sentiment and bias of the market; so please be sure to confirm with your own analysis before taking any trading decisions based on the above information as I am not liable for any profit or loss you may incur while using the provided information.
by mosa_moshka
EURAUD | 4 Hour Bullish ContinuationEURAUD could fall rise if it can stay above 1.64585. Why 1.64585? The price for the EURO is increasing which means Australians have buy the Euro at a higher price. But what is this is the time for them to buy it at discount before it goes back up? Evidence High(H) & Low(L) Per the 4 our timeframe, price is increasing. The current rise price of the Euro price per the Australian Dollar has been 1.66052(H), 1.64584(L), 1.66123(H), We can see the high and low prices are increasing hence what is called Higher highs and higher lows. Actions The best action to take is to buy since currently the trend is up. That is what the chart per this timeframe is showing. If this trade plays out there is possibility price could pass the high at 1.66123. Sidenote: Your Reward to Risk will vary from mine analyzing this trade using your own risk management strategy and trading plan. What can invalidate this trade? If price pushes lower than 1.64585, the trade in invalidated. Should you trade this? If this fits how you trade, yes. If not no. Let's keep it that simple. I hope you enjoyed this analysis. Like this post and share it if you did.😁 Many blessings, Shaquan
Long
by ShaquanLopez
EURUAD I Detailed analysis ahead of AUD Cash Rate ReportWelcome 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!
by BKTradingAcademy
2
DeGRAM | EURAUD bearish opportunity from the confluenceEURAUD broke out of the descending channel and is testing the resistance level. The market created the bearish harmonic pattern. The market overall is in a bearish trend.  Price is likely to go down from the resistance level and retest the channel border (support). We expect a bearish move from the conflunnce level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
😍Let's trade EURAUD up and down for few days!🎁Wow, do we have a surprise for you! Our AI screener has spotted a golden opportunity for you: EURAUD is in a ranging market for the next few days! What does that mean? It means that the price is bouncing back and forth between two levels: 1.6346 and 1.6596. That’s a range of 252 pips or more! How can you cash in on this situation? 🚀There are two ways: 👩‍💻If you are a manual trader, you can use oscillators like RSI, Stoch, or MACD divergence to catch the best entry points for both long and short trades. You can use lower timeframes like M15 or M5 to find these signals. 👾If you are a bot trader, you can use a martingale or zone strategy with proper risk control and money management. Trading with a bot will save you time and effort, as you don’t have to watch the charts all the time. You just need to check the bot trading every 4 hours to see if the market pattern changes from ranging to trending. If it does, you can close the bot and take your profits! This is a simple and effective way to make money from the forex market. But act fast, this opportunity won’t last forever! 💥 To get more trading ideas like this, follow our channel and subscribe to our newsletter. We will send you the best forex signals and tips every week. Don’t miss this chance to earn money online with us! 🙌 Please drop a comment below, what tools and what strategy you will use to earn money from ranging market like this? We would love to hear from you. 😍 Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
by ICT_Trader_SB