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Euraudsignal

EURAUD | Perspective for the new weekSince the US Political Uncertainty that gave significant value to the AUD in the last couple of months has finally subsided, we are beginning to see traction in the value of the Euro since the Breakout of Key Level occurred on the 1st of December which has been followed by series of rejection which lasted a week plus. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand Observation: i. Since sellers were unable to push the price below AUD1.61300, it appears they have finally surrendered the momentum to the Buyers. ii. Breakout of AUD1.6300 as rendered this level a new support level for future Buying power for the EURAUD. iii. AUD1.6300 shall remain a yardstick for my buying options in the coming week(s). Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:4.5 Potential Duration: 4 to 8 days NB: This speculation can be considered to make decisions on lower timeframes. 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
6
Update: The completion of wave ii of 3Update: The completion of wave ii from sub-waves and the advent of ascending trend In the 60-minute chart, by the price, crossing the range of 1.6283 and with 5 ascending waves, we can get the first confirmation for increasing the price, also the corrective phase of this ascending trend has been completed in the range of 1.6159. We are currently hoping for a price increase in wave iii, which can be extend to the range of 1.6500. The stop loss for this analysis would be 1.6140.
Long
by NirmataFX
2
EURAUD - Ending Diagonal PatternNotes : 1- The structure of the constituent sides is in the 5 waves triple format. 2- In MACD, convergence is in triplicate format I cannot provide a long-term analysis for this currency, in daily basis reviews for patterns, we reached this pattern in the 60-minute chart on EURAUD. All conditions are ready for a 250 to 300 pip uptrend. To confirm the uptrend, the price needs to cross the range of 1.6283, which means the close of the candlestick in the 60 minutes chart should be above this price level. The loss limit is the range of 1.6102, which is selected based on the 240-minute chart As the main trend is unknown the target of the Diagonal pattern is at the beginning of its movement, which has been set at the end of wave 2.
Long
by NirmataFX
2
EUR/AUD Roaming in the Flat TrendThe trend is moving flat in the triangle shape. The control price is between the dynamic resistance trendline and the solid support trendline. The current trend is flat but, there are possibilities of a rise and fall. It will touch the solid trendline, and then there are two scenarios. If the trend bounces from that point, there will be an incremental movement, and it will touch 1.6595 (the first target), then the next target will be 1.6860 . If the trend falls, it will hit the first target ( 1.5960 ). Then it will touch the second target ( 1.5660 ). Day Trading strategy: From the solid support trendline, You can start to buy until the control price trendline. And you can start to sell there, until the solid support trendline.
by forextidings
2
EurAud- Is the correction over?I was bullish EurAud ever since 1.65 and the break above 1.66 came to confirm my outlook. The break was violent and the pair skyrocketed to 1.68 in a straight line. A correction after this violent rise was normal and this gave bulls the opportunity to open long trades on dips. Now the pair found some support on 1.6650 zone which is also 50% fibo retracement and the correction could be over now. A confirmation of this outlook comes with a daily close above 1.67 and this also opens the door to further gains to my predicted target of 1.7
Long
by Mihai_Iacob