AUDEUR trade ideas
EURAUD I Potential long to middle of the channel Welcome 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.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
TradeCityPro | EURAUD : A 627-Day Consolidation Zone👋 Welcome to TradeCityPro!
In this analysis, I want to review the EURAUD forex pair for you. The analysis is conducted on the daily timeframe.
📅 On the daily timeframe, the pair has been ranging between the support level of 1.60295 and the resistance level of 1.68538 for a very long time. The duration of this range has now reached 627 days.
🧩 Currently, the price is facing resistance at 1.65286, and if this resistance is broken, it could move toward the top of the box. A break of 66.57 on the RSI could introduce bullish momentum into the market and increase the likelihood of breaking this resistance.
📈 If the price reaches the top of the box, the resistance at this level is 1.68538, which is a very strong resistance. If this level is broken, the next area to watch is 1.72457.
🔽 In the event of a decline, the first area of support is at the bottom of the box. If this level is broken, the next support is at 1.58785, which is close to the bottom of the box. The major support levels to watch after that are 1.56542 and 1.52961.
✨ Considering the prolonged duration of this box, if it breaks on either side, it could act like a compressed spring, moving sharply and powerfully in the direction of the breakout.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
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EUR/AUD SHORT FROM RESISTANCE
Hello, Friends!
EUR/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.640 area.
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EURAUD💡The attached analysis shows the movement of the EUR/AUD currency pair on the daily time frame D1. Upside potential: If the price breaks the R.1 resistance and closes above it, it will likely target the R.2 area. The current positive momentum supports this scenario. Downside probability: If the price fails to break through R.1, it will likely bounce down towards the pivot point (P.P) or first support (S.1). If S.1 support is broken, the decline may extend to S.2.
⛔️It is not investment advice for educational purposes only.
EURAUD in the SpotlightTechnically, there is room for the EURAUD to dive downward, especially if it develops a bearish harmonic pattern on the daily chart.
Fundamentally, it may depend on the RBA interest rate decision and statement, which is to be released on Tuesday. And employment data on Thursday. Fingers crossed. :)
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
EURAUD Opportunity Presenting Itself Just have to be patientAs we navigate these pairs, it’s important that we take our time to thoughtfully develop our strategy. Currently, our time frames are aligned; however, we do need to see the price on the 4-hour chart turn bearish. This movement will help guide the price back to the daily area of interest (AOI).
Once we observe the price shifting back to a bullish trend, we will patiently await a pullback on the 4-hour chart. This will provide us an opportunity to analyze the lower time frames for a sign of strength (SOS) before proceeding with our trade. It’s essential to remember that exercising patience often yields the best results, and a more measured approach can lead to success.
Is the move going to continue?The Commitment of Traders (COT) report currently indicates exceptionally light open interest among large speculators, while retail traders are beginning to shift towards selling. I find it particularly insightful to monitor the COT report when there is a notable sentiment shift among retail participants. Looking forward to analyzing Monday's data.
Lingrid | EURAUD short after FAKE Breakout of CONFLUENCE ZoneFX:EURAUD is currently testing a key resistance zone at 1.65000, which coincides with an upward trendline and the border of a downward channel, creating a confluence zone. Following an impulsive bearish move from this zone previously, the price has retraced back to this resistance area. Given that this level acts as a round number and aligns with the upward trendline, I anticipate a potential reversal from this resistance area. If the price creates a fake breakout—indicated by rejection at this level—we can expect the market to move lower, potentially leading to a more bearish move. My goal is the support zone around 1.63000
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