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Euraudforecast

EURAUD | Perspective for the new week | Follow-upThe gains accumulated by the Euro remains limited as structure suggest that investors are hesitant to buy the Euro amidst concerns that the Eurozone is in for more coronavirus restrictions in the nearest future. We had no execution on our last publications as price went the opposite direction with a significant Breakout of the Channel @ AU$1.54500 area ( see link below for reference purposes). Despite the fact that I am yet to disregard my previous speculation, there is a possibility that price might continue to the upside as we experience what looked like a retest/rejection of the Channel @ AU$1.54000 area after the Breakout last week. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Harmonic pattern (AB = CD) | Channel Observation: i. By connecting the lower highs and lower lows of price action with parallel trendlines, it is obvious that price has been on a downward trend caught within a Descending Channel since early November 2020 until a final Breakout happened during last week trading session. ii. Demand zone (AU$1.52500/1.53500) has held price "Supported" in the last 39 days with clues detailing the weakness of Sellers at this area as buying pressure increases and price finds it difficult to continue respecting the Channel. iii. The Impulse leg (AB) that began with a Hammer candle leading into the Breakout of the Channel @ AU$1.54500 followed immediately by a rejection/retest of the Channel @ AU$1.53500 (point C) signals a rally continuation that might transpose into an AB = CD pattern with parameters explained below; a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg pegged a 78.6% Fibonacci retracement of the A-to-B leg @ AU$1.53500. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ around AU$1.58500 area. iii. My yardstick to join the rally shall be above Key levels with Breakout/Retest expectations of my Key level and Bearish Trendline remains @ AU$1.54600 & AU$1.55500 respectively. iv. This been said, Should price dip into AU$1.53600 in the coming week the possibility of price respecting the Channel becomes feasible hence reverting to my previous publication becomes necessary (see link below)... trade consciously :)! Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:3.5 Potential Duration: 3 to 7 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURAUD | Perspective for the new weekThe first observation on this chart is the Descending channel drawn by connecting the lower highs and lower lows of price action with parallel trendlines emphasize the prevailing trend that began in October 2020... It appears the price is willing to respect this channel in the coming week as a Breakdown of AU$1.545000 level followed by rejection is a clue supporting a Bearish bias. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) | Descending Channel Observation: i. In the last 21days, the AU$1.54500 level has been a major determinant of the direction of price action. ii. A breakdown of AU$1.54500 on the 10th of March 2021 followed by a continuous rejection of this level in the last 9 days is a clue that structure might transpose into a harmonic (AB = CD) pattern (see parameters below) in the coming week(s). a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg makes a 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ AU$1.50000 area. iii. In the coming week, I shall make the level @ AU$1.54500 a yardstick for downtrend continuation. iv. Pleased note that a significant Breakout of the Channel shall render this setup invalid. Trading plan: SELL confirmation with a minimum potential profit of 400pips. Risk/Reward : 1:4 Potential Duration: 7 to 15 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
4
EUR/AUD SELL IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! EUR/AUD: Daytrade-Preparation Market-Sell: 1.54050 Stop-Loss: 1.54300 Point of Risk-Reduction: 1.53800 Take-Profit: 1.53450 Stop-Loss: 25 pips Risk: 0,5% -1% Risk-Reward: 2,64 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
3
EURAUD Hello Guys Welcome back to another profit day If you like my idea please give me a like and comment, Thats will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. EURAUD foam a minor support in 4hour chart, I think there will be a chance for buy Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
by Bexi03
EUR/AUD Daily Analysis !!Good Day traders !! On the Daily timeframe we can clearly see that EUR/AUD is on a downtrend wedge and we expect more continuation to the downside , We do have two areas of supply where the liquidity could be grabbed before the next impulse. We also noticed that we tested all the levels of the FIB retracement on the previous leg and strongly rejected the 0.618 as well as the 0.782 which means that this area had some Sell limits and after they were triggered we saw this massive wick on the last candle. From An institutional perspective we have on Euro hedge funds Shorting massively since the net position went from 165,000 Net position on late January until 125,000 Net position recorded during the last report. Also we have closed more than 5,800 Long position and added more than 6,500 Short positions during the last report. On Aud we have Jumped from -1,450 Net position to close to 6,100 Net positions recorded during the last report. We have seen Hedge funds adding massively long position on the currency which explain the strenght of the Australian dollar during the previous weeks. On the last report hedge funds have added close to 5,383 Long positions and Closed 2,300 Short position which also forecast a very bullish AUD during the next weeks. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
by TheDayzen
EUR/AUD Weekly Analysis !! Good Day Traders !! On the Weekly timeframe we have an "M" formation We retraced to the neckline which in in confluence with the 0.5 Fib level and we are continuing our way to the downside. I traced the two potential targets for the next weeks, Please see the daily analysis if you are looking for an entry. From An institutional perspective we have on Euro hedge funds Shorting massively since the net position went from 165,000 Net position on late January until 125,000 Net position recorded during the last report. Also we have closed more than 5,800 Long position and added more than 6,500 Short positions during the last report. On Aud we have Jumped from -1,450 Net position to close to 6,100 Net positions recorded during the last report. We have seen Hedge funds adding massively long position on the currency which explain the strenght of the Australian dollar during the previous weeks. On the last report hedge funds have added close to 5,383 Long positions and Closed 2,300 Short position which also forecast a very bullish AUD during the next weeks. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
by TheDayzen
EUR/AUD Monthly Analysis !!Good Day Traders !! On the Monthly timeframe on this pair we have an "M" formation that was printed and we rejected the neckline and started our downside movement. We are currently approaching a very strong area of support and the market might easily reject this area and continue it's move to the upside. However when we look at fundamentals and also the COT data we have a different scenario and a very bearish expectation for this pair in the long term. From An institutional perspective we have on Euro hedge funds Shorting massively since the net position went from 165,000 Net position on late January until 125,000 Net position recorded during the last report. Also we have closed more than 5,800 Long position and added more than 6,500 Short positions during the last report. On Aud we have Jumped from -1,450 Net position to close to 6,100 Net positions recorded during the last report. We have seen Hedge funds adding massively long position on the currency which explain the strenght of the Australian dollar during the previous weeks. On the last report hedge funds have added close to 5,383 Long positions and Closed 2,300 Short position which also forecast a very bullish AUD during the next weeks. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
by TheDayzen