#EURAUD set to continue the Downtrend 📉#EURAUD showed a weak signal in the early morning after European Markets open.
As the global economy recovers after the block caused by the Covid pandemic, the commodity currencies like the Australian Dollar or New Zealand Dollar are well placed to advance. In particular, the outlook for EUR/AUD is bearish as the pair has actually been strengthening since late February despite all the signs of an economic recovery.
Euraudtrade
Series of Rising wedge patterns-Run towards southEURAUD
The recent downtrend will further accelerates the selling in this pair.Rising wedge pattern will give us good risk
reward ratio.Rejection around 1.57000 and support around 1.52500
Breakdown of the minor rising channel will be a good signal to sell this pair.Primary target would be 1.52500
*Price-below price action level
*Price around point of control
*Price around 03 EMA(50,100,200)
*Fundamental support-AUD
*Rising COVID cases-Negative impact in this pair
Disclaimer!
This chart represents the future expected move only-Not a financial advice
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EurAud to 1.6?Since finding strong support at 1.5270, EurAud has started to trade upwards and is making higher lows for a month now.
At this point, the pair is consolidating just under important 1.56 resistance and I believe this resistance will eventually fall.
A break here would be significant and will clear the road to 1.6
I'm bullish EurAud as long as the price is above 1.54
EurAud- New drop to supportThe long term trend for EurAud is down and, after correcting exactly in 1.56 resistance, the pair seems to resume its downward trajectory.
At the time of writing the pair is trading at 1.5440 and is just in confluence support.
I believe this support will fall and rallies should be sold
A break above resistance would negate this scenario
EURAUD is approaching resistance | 22 Mar 2021 | Short IdeaDear Traders,
#EURAUD are facing bearish pressure and a break below our downside confirmation could trigger a further drop.
#EURAUD_Sell @ 1.54593 I SL-1.54900 I TP-1.52716
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EURAUD 4H TIMEFRME Welcome to BittuFX - Trading 🎯
EURAUD 4H TIMEFRAME!
EURAUD BUY - 1.54056
🎯TP - 1.54256
🎯TP - 1.54556
🎯TP - 1.55056
📈SL - 1.53557
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EURAUD weekly outlookEURAUD has been trading within this huge channel for almost 10 years now so a very significant channel with the Eurozone starting to breakdown a clean break of the low of this channel exposes further losses looking at the 1.40 as the first major target which would provide 1,300 pips
EURAUD - swing trade The deal is for a couple of weeks, maybe a month.
After the breakdown, it would be worth holding the trade open until the target.
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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.
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have a good profit week guys
EUR/AUD Retrace Made, Short From ResistanceThis has made a good retrace, I would like to see it touch 0.5 Fibonacci ideally before dropping. MACD and EMA's have this on the verge of being bullish on this timeframe so I want to see these cross back lower before entering a trade. If they do not then this could continue higher to the next resistance level before dropping.
I have set TP just below the previous low at 1.52278 although I see this continuing down to around 1.47273. To reach that second target I would likely take the profit and make a second trade after a retrace.
EURAUD- Trading Plan and ForecastingDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not a signal. it's my opinion. trade your own risk. and Must Follow Money management.
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