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Euraudsignal

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
EURAUD at Strong Support Trendline - Reversal?In this chart, crucial support and resistance are indicating an overall bullish trend since mid-2012 . Here, I have used the Elliott wave pattern. In the beginning, It's an impulsive wave, But forward it's converted into the corrective waves. MA of 50 and 200 indicates a positive trend. EURAUD is taking pullback after hitting the strong support trendline . In the last weekly candle, it had touched this major support trendline . If you noticed the strong support trendline , you would get to know that. Every time the trend knocked it, It bounced from that point. The last weekly candle has touched the strong support trendline . What do you expect ahead?+ Technically, we may see the Euro / Australian dollar at 1.65000 - 1.70000+ for the longterm investors. But don't buy off below this trendline. Because after the breakdown, it can drop to the crucial support, you should not buy off.
Long
by forextidings
EURAUD is approaching 61.8% fibo 200 Exponential moving averageEURAUD The recent covid developments has cause the euro rise on phenomenal range and the euro central bank also hint with further stimulus will be provided if needed.The euro recover plan has helped the risk assets to get some positive move. Broad weakness of USD is also a factor in rising of euro. At around 1.65500 minor psychological level the EURAUD got some rejection and felled towards 1.61500 which is around 350 pips move. Vaccine development news help the Aussie dollar to get some earlier loses against euro. Though the virus spread in Victoria state caused some further lockdown restrictions. Currently the price is trading below the 50% Fibonacci level. We can expect minor rebound towards 61.8% Fibonacci level coordinates with the crossing of trend line And 200 Exponential moving average 1.64000 is a low volume and major psychological level. Shorting at this would give us a good risk reward ratio. Primary target would be 1.60350,. Stop lose may place above 1.65000 level Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
Short
by forexorbit
EW Analysis: EURNZD Short Trade SetupEURAUD declined impulsively and breaks below the key support zone. According to the Elliot Wave theory, impulses show the direction of the larger trend and a three-wave correction follows every impulse. In EURAUD's case, the retracement seems to take the form of an "a-b-c" zigzag pattern, if the correction has completed traders should expect more weakness to follow in the weeks ahead. - The breach of the green line will confirm the correction is completed. - Targets below wave (i) low is plausible the week ahead What's your thought on EURAUD? Let me know in the comment.
Short
by Veejahbee
7
Diagonal pattern and the probability of formation of an uptrend Dear traders In some charts and currencies, we cannot have an exact technical analysis, which might be due to a complex corrective wave. Diagnosis of these kinds of wave are very difficult and sometimes they are impossible to identify. In these cases, I am looking for patterns that are formed in the market, the most important of which are Diagonal and Triangle. Based on these patterns we are able to detect the correct trend for buying and selling. In the 240-minute chart, the uptrend which started in the range of 1.6120 has ended in the range of 1.6558 that was in the form of 5 waves. The corrective movement, which has been completed in the range of 1.61379, has been in the form of 3 waves. Wave C consists of the corrective movement of the Ending Diagonal pattern, which is shown in the 60-minute chart. In continuation the first 5 ascending waves that could cross through the end of the wave 4 are formed (1.6200) With the price crossing the 1.6200 range and reaching the 1.6326 range (the first 5 waves), the corrective movement started and in continuation, the uptrend has started in the 3rd wave, which can be extended up to the 1.6500 targets, which is the beginning of the Diagonal pattern. The point is, the currency’s long-term movement is mixed, but given this pattern, I can hope for the formation of a good uptrend to the range of 1.6500.
Long
by NirmataFX
EURAUD BUY POSITION===== MARKET OUTLOOK ===== EUR - BULLISH 1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies. 2️⃣ German Business Climate came in on the strong side in July. 3️⃣ German Q2 GDP should be better due to spending recoveries. AUD - BEARISH 1️⃣ Australia added a near record 532 cases on Monday, with the president of the Victorian branch of the Australian Medical Association Julian Rait calling stage-four lockdown restrictions. 2️⃣ Dropped in consumer inflation expectations in Q2 will affect Australia's CPI data tomorrow. ===== TECHNICAL ===== 📊 We buy #EURAUD on SMA50 area. 📊 EURAUD in bullish zone. ===== MONEY MANAGEMENT ===== 💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.
Long
by MonsunAsia
1
EURAUD signal (SHORT)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: i opened pos on 1.638 and put 1 more sell limit order ~1.6495 targets: ~1.685 stop: ~1.651 (depending of ur risk). ALWAYS follow ur RM . Good luck Follow me on TRADING View, if you don't want to miss my next analysis or signals. Good luck. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Open to your questions or suggestions(PM to me).
Short
by trytofeelpositive
EURAUD Buy signal setup 3hrEnjoy a free signal before the week gets started Feedback, Likes, comments, and shares would be appreciated. We have left a major 3hr s/r area where market has had a reversal This would be a great opportunity to catch the trend reversal Also we have 2 major monthly downtrend and uptrend lines colliding Market has respected the major 12hr uptrend line, soon as it reached we saw a rejection 3x then market rose to test a major 3hr downtrend, we saw a rejection Currently looks like we are gonna be in a triangle pattern I want to the market go down and test my major 3hr s/r area and also possibly test the major 12hr uptrend line again This should fuel the bulls to break up and above the major 3hr downtrend line Currently we are just waiting for the best entry our chances look good. EURAUD Buy Limit: 1.6210 (Best entry takes the most patience) Stop loss: 1.6110 (100 pips risk) Take profit: 1.6710 (500 pips reward) Risk: 1% to 3% of account (recommended) Reward/Risk: 5.00 (500/100) Buy Stop: 1.6310 (Only when market goes below this price will you be able to execute this order or you can use a buy limit) Stop loss: 1.6110 (200 pips risk) Take profit: 1.6710 (400 pips reward) Risk: 1% to 3% of account (recommended) Reward/Risk: 2.00 (400/200)
Long
by maliekevans