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AUSTRALIAN DOLLAR / EURO

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AUDEUR trade ideas

EUR/AUD: Clean Trend Meets Big SupportThe deviation between EUR/USD and AUD/USD has been quite clear over the past month. While EUR/USD had struggled at resistance of 1.1200, AUD/USD had continued flying up to fresh yearly highs. And given stances from each respective central bank, that divergence made sense. This also showed clearly in the cross pair of EUR/AUD which set a fresh yearly low this morning as a trendline came into play just above the 1.6000 psychological level. At this point the question is whether a bounce can show from profit taking following a consistent sell-off. If so, there's lower-high resistance potential at 1.6115 and 1.6169. If not, and if we do get the 1.6000 print before either of those come into play, we may be looking at oversold conditions on the daily which can similarly be tracked for bounces into lower-highs. - js
by FOREXcom
EURAUDSeasonality Analysis: Historical data suggests a Bullish seasonality for EURAUD during this period, indicating a higher likelihood of Upward movement in the pair. RSI Bullish Divergence: The Relative Strength Index (RSI) is showing a Bullish divergence. This occurs when the price is making LL and LH, but the RSI is making HH and HL, signaling that the Downward momentum is weakening and a potential reversal is likely. Trendline Break: The price is approaching a key trendline, and a break above this trendline would indicate a shift from the current downtrend to a uptrend. This break would act as confirmation for entering a long position. Trade Setup: Entry: Use a Buy stop order to enter the long position once the price breaks Above the key trendline. This ensures that you only enter the trade if the Bullish trend is confirmed.
Long
by SohailChaudhary
EURAUD SELL SHORT👉🏻 Market cycles are the essence of trading, and recognizing them can give you an edge. 📉 The chart presents a compelling setup for a short trade on the EUR/AUD pair, demonstrating the cyclical nature of the market. 📌 Pattern Analysis: The recent price action shows a significant peak followed by a sharp decline, signaling a potential reversal from the previous bullish trend. The price has broken below a key support level, now turned resistance, confirming the bearish momentum. The current consolidation near the 1.6465 level appears to be forming a continuation pattern, likely leading to further downside. 📌 Next Move: The projected move indicates a strong potential for further declines, with a target zone around 1.6050, as indicated by the green area. The blue arrow outlines the expected path, anticipating a continuation of the downtrend. 📉 Risk Management: The stop-loss is strategically placed above the recent high near 1.6759, providing a favorable risk/reward ratio. This setup is ideal for traders looking to capitalize on the continuation of the bearish trend with a well-calculated entry. 👉🏻 Conclusion: Capital preservation remains the priority. By aligning with the current market sentiment and trend, this short trade setup offers a clear opportunity for profit. As always, patience and strict adherence to your trading plan are vital. 📩 If you have any questions or want to discuss this analysis further, leave a comment or send us a message. We’re here to help! 😃
Short
by Ninjia_Kitty
EURAUD Is Going Up! Buy! Take a look at our analysis for EURAUD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.602. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.613 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
#EURAUD 1 DAYEUR/AUD 1-Day Chart Forecast: The EUR/AUD pair on the 1-day chart is showing signs of bearish momentum, presenting a potential sell opportunity. The market appears to be in a downtrend, with price action favoring further declines in the short to medium term. Here are the key factors supporting the sell forecast: Downtrend Continuation: The pair is likely respecting a downward trendline or consistently forming lower highs and lower lows, indicating strong selling pressure. Bearish Indicators: Technical indicators such as the RSI or MACD could be signaling bearish divergence or oversold conditions, confirming the potential for continued downside movement. Key Resistance Levels: The pair may have recently bounced off a key resistance zone, providing an attractive entry point for short positions. Traders considering a sell trade should place stop-loss orders above recent swing highs to manage risk, while targeting previous support levels as potential take-profit areas. Monitoring the market for any signs of trend exhaustion or reversal is crucial, but overall, the **technical outlook favors a sell strategy for EUR/AUD on the 1-day chart.
Short
by PIPSFIGHTER
EURAUD I Potential long from demand and bottom of the channelWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
5
EURAUD Sell signalThe EURAUD pair gave us an excellent but signal last time (July 15, see chart below) as the price rallied straight after it, easily hitting our 1.64500 Target: The pair is already on the new Bearish Leg of the 1-year Channel Down and until the 1D RSI starts forming Higher Lows and waves a Bullish Divergence (like the two previous bottoms), we will remain bearish, targeting 1.59500 (bottom). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURAUD is in The bullish DirectionHello Traders In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET today EUR/AUD analysis 👆 🟢This Chart includes_ (EUR/AUD market update) 🟢What is The Next Opportunity on EUR/AUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Euraud is bearish. Short at favourable zoneAfter our recent break of structure to the downside, price displaced further to give us another break with the trend. Below is a Bearish market structure with more than 1 zones that favour the trend. Checklist: 1. break of structure ☑️ (x2) 2. Fvg 3. Supply zone (x2) 4. Trend- bearish🐻 In such a case, price will either: - react to zone 1 and break structure - use zone 1 as inducement and mitigate zone 2 to support the bearish trend Or simply violate both zones and find strength on a higher zone. 🌟 That's how tricky trading can be so we need to take note of all possible scenarios as we do not control the market. 🕣
Short
by ZIPHO67