EURAUD is on her way!Hello trader,
While we expect a correction and short-term traders could earn money using the potential upward move we believe trend is still bearish.
There is one entry and 1 TPs for this pair. But you can hold some positions more.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
Euroaussie
EURAUD Trade Setup This is a fakeout as indicated by the bearish harami candlestick pattern on the 1.68211 horizontal resistance level; there's even a confirmation of the downward trend 📉 by the next candle 🕯️.
A market entry around the 1.67435 price level, a sufficient stop loss (stops shouldn't be too tight so that you don't get stopped out of the trade only for the market to later retrace and hit your target price) and take profit such that you have a reward-to-risk ratio of 3 or higher should be apt.
Don't forget to apply appropriate risk allocation by trading the right position size (lots) and risking not more than 1%/2% of your current account balance on a single trade.
Joe Gun2Head Trade - Major resistance EURAUDTrade Idea: Selling EURAUD
Reasoning: Major resistance on the daily.
Entry Level: 1.63764
Take Profit Level: 1.6226
Stop Loss: 1.6447
Risk/Reward: 2.28/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Major support on the daily EURAUDTrade Idea: Buying EURAUD
Reasoning: Major support on the daily, ending wedge on the 60min
Entry Level: 1.5324
Take Profit Level: 1.5520
Stop Loss : 1.5260
Risk/Reward: 3.02:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Further downside is expected on EURAUDEURAUD - Intraday - We look to Sell at 1.4400 (stop at 1.4465)
Previous support located at 1.4300. Previous resistance located at 1.4350. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.4400, resulting in improved risk/reward. A move through 1.4300 will confirm the bearish momentum.
Our profit targets will be 1.4250 and 1.4225
Resistance: 1.4350 / 1.4400 / 1.4450
Support: 1.4300 / 1.4250 / 1.4225
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Ending wedge indicates higher prices on EURAUDEURAUD - Intraday - We look to Buy at 1.4575 (stop at 1.4475)
Previous support located at 1.4600. Previous resistance located at 1.4700. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 1.4700 will confirm the bullish momentum.
Our profit targets will be 1.4775 and 1.4800
Resistance: 1.4700 / 1.4750 / 1.4800
Support: 1.4600 / 1.4575 / 1.4500
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
We prefer to set shorts EURAUDEURAUD - Intraday - We look to Sell at 1.4625 (stop at 1.4725)
Previous support located at 1.4500. Previous resistance located at 1.4550. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.4625, resulting in improved risk/reward. A move through 1.4500 will confirm the bearish momentum.
Our profit targets will be 1.4375 and 1.4350
Resistance: 1.4550 / 1.4625 / 1.4700
Support: 1.4500 / 1.4450 / 1.4375
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Selling EURAUD at trend resistanceEURAUD - Intraday - We look to Sell at 1.4700 (stop at 1.4800)
Previous support located at 1.4550. Previous resistance located at 1.4600. There is no clear indication that the downward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.4450 and 1.4400
Resistance: 1.4600 / 1.4700 / 1.4800
Support: 1.4550 / 1.4500 / 1.4450
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EURAUD approaching key supportEURAUD - Intraday - We look to Buy at 1.5100 (stop at 1.4980)
Previous support located at 1.5150. Previous resistance located at 1.5250. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.5250 will confirm the bullish momentum.
Our profit targets will be 1.5375 and 1.5400
Resistance: 1.5250 / 1.5300 / 1.5400
Support: 1.5150 / 1.5100 / 1.5000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EURAUD (Euro / Australian Dollar) Currencies Analysis 30/03/2021we can see the Bullish Divergence with MACD which is the sign of bearish trend reversal and start of new Bullish wave or some retracement of the bearish wave
there are total of 3 Targets defined
the 3 TP gets it confirmation if the 2 TP gets triggered and followed by some price retracement and the Support area shall be compromised
EURAUD - Watch the trendlineTrade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
EURAUD CYPHER PATTERN!!Price Action (Technical Analysis): The past week we saw this pair break above very respected highs, key resistance turning into support. Dropping into the Hourly-30Min time frame we see a potential Cypher Pattern forming, Price is pulling back into previous structure telling us to go long and our 200-100 Day EMA's are snapping at our ideal area of entry. Look for Candlestick Confirmation to go long.
Fundamental Analysis: None.
EUR/AUD CLOSING INTO A VERY ATTRACTIVE REVERSAL ZONE!Price Action (Technical Analysis): Top-Down Analysis is showing us that Price is continuously pressing up and respecting our Weekly Resistance. Speculating the Weekly Rising Wedge tells us that price is Coming to a Squeeze and we Expect Sellers to come in, Break this pattern, giving us a very good idea to go in short with good candle stick readings at Key Fibonacci Retracement Levels. As every analysis should be completed and we also Acknowledge the Opportunity Buyers can give us if price breaks above our Weekly Resistance. We would Find an Entrance into the Market after projecting an Accurate Exhaustion, typically to our Key Level of Resistance that'll now turn into Key Support (Weekly Swap Levels; Support turning into Resistance. Vice Versa)
Fundamental Analysis: None.