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Euraudsignal

EurAud with 1.52 in sightIn my previous analysis regarding EurAud I said that there is a high probability of a break above 1.48 resistance and a rise above 1.5 and even higher. Yesterday, after a few days of consolidating around the resistance level with pretty volatile moves up and down the pair finally closed the day to the upper boundary of the range, but more importantly, putting in a bullish engulfing on our daily chart. This for me is an indication that bulls took control and the pair has now a clear way to challenge next important resistance above 1.52. 1.4750-1.48 is now support zone and dips towards this zone should be bought. As I said, the target can be 1.52 and negation comes with a daily close under this week's low. Best regards! Mihai Iacob
Long
by Mihai_Iacob
4
EURAUD Short Scenario Entry - In the supply zone Target - 1.45680 Invalidation - 1.48820 Risk to reward ratio - 8 Technical confirmations Full cycle of Elliot wave impulsive part is done and now the corrective part(ABC) needs to be finished towards C. Price has reached the supply zone forming the B wave. Technical confirmations Unemployment report in Australia comes on Thursday. The market consensus stands at 35.0 thousand for August, which would be a huge rebound after the -40.9 thousand reading in July. Australian GDP grew by 0.2 percent in Q2 2022, from 0.7 to 0.9.
Short
by JVS_Signals
1
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
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