EURAUD H2 compression BUY/HOLD +150/300 pips🏆 EURAUD Market Update
📊 Technical Outlook
🔸Short-term: BEARS 7650/7700
🔸Mid-term: BULLS 8050/8150
🔸Status: compression wedge
🔸getting ready for a PUMP
🔸noteworthy compression in April
🔸Price Target Bears: 7650/7700
🔸Price Target BULLS: 8050/8150
📊 Forex & Gold Market Highlights – April 30, 2025
💶 EUR/USD Nears 1.1400
- Trading around 1.1390 amid softer U.S. economic data
- Investors await German economic indicators and U.S. PCE report
- April shows a 5.1% gain, the largest monthly increase since November 2022
💷 GBP/USD Hovers Near 1.3400
- Sterling trades at approximately 1.3379 after testing YTD highs
- U.S. JOLTS and Consumer Confidence data missed forecasts, fueling Fed rate cut speculation
🥇 Gold Retreats Below $3,310
- Spot gold at $3,302.58 per ounce, down 0.4%
- Decline follows easing trade tensions and a stronger U.S. dollar
- Investors focus on upcoming U.S. PCE data and non-farm payrolls report
📌 Market Outlook:
- EUR/USD: Potential to test 1.15 if German data supports euro strength
- GBP/USD: Eyes on U.S. economic data for direction; support around 1.3300
- Gold: Volatility expected; watch for U.S. economic indicators influencing Fed policy expectations
EURAUD trade ideas
EURAUD - Long-Term Correction in the Making!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURAUD has been bullish trading within the rising channel in blue.
Currently, EURAUD is retesting the upper bound of the channel.
Moreover, the $1.84 - $1.87 is a strong weekly resistance zone.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and green resistance zone.
📚 As per my trading style:
As #EURAUD is hovering around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURAUD, 68% FIb retracement completed, Buy setupFundamental Analysis
1. Seasonality shows bullish momentum in EURAUD from 10 Apr to Mid of May
2. COT data shows net positions reduction in AUD while Increasing in EUR
3. Overall score of EUR is bullish and AUD is bearish
Technical Analysis
1. EURAUD broke 2 year Rectangular consolidation box
2. strong breakout appear
3. Bulls are in charge
4. 68% fib retracement completed
5. Look for 2 setups
i. if breakout above sideways region then buy setup 2
ii. If breakdown, then look for setup 1
euraud buy signalIn this signal, it has crossed a floor that was a strong resistance and has formed a strong bullish pattern on the 4-hour time frame. If this strong 4-hour candle closes, the next candle will be very suitable for entering and buying. I have identified a candle that has a large shadow in the image.
LONG POSITION EUR/AUDEUR/AUD has completed a correction phase across the higher timeframes — Daily, 4H, and 1H charts.
On the 4-hour timeframe, the pair has broken above the corrective trendline, signaling a potential continuation of the bullish trend toward the predefined targets shown on the chart.
🔹 Entry Point: 1.7741
🔹 Stop Loss: 1.7641
🔹 Long-term Target: 1.8500
📈 With every 50-pip rise, it is recommended to secure partial profits and move the stop loss to the entry level.
Wishing everyone successful trades......:-)
EURAUD → False breakdown as part of a bullish trend correctionFX:EURAUD amid the global bullish trend is forming a correction to the trading range support. Bulls are trying to hold the 1.775 zone
The currency pair is in a wide range, in consolidation. Relative to the lower boundary of the range, the price makes a false breakdown and liquidity capture, which may lead to a correction to 0.5 of the range, or to resistance
Price consolidation above 1.775 and formation of local reversal pattern may affect further growth (global trend is bullish, locally - correction). The fundamental background is unstable, but the dollar index is still in correction after a strong fall....
Resistance levels: 1.7855, 1.7987
Support levels: 1.775, 1.7695
If the bulls hold the defense above the key support - the lower boundary of the trading range, the currency price may bounce up and head for the liquidity accumulated above the resistance....
Regards R. Linda!
EURAUD Technical & Order Flow Analysis (Swing Trading)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view, the price will rise to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
Please support our analysis with a like or comment!
EURAUDWe clearly landed at a nice support area. You can clearly see it on the larger time frames like the Daily. We also developed about 2 daily dojis! ( Dojis are candles that lets you know that the momentum stopped, and the bulls or bears have lost momentum. I am looking to enter an early buy in hopes for another push to the upside.
EUR/AUD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on EUR/AUD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.768.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EUR/AUD Weekly – Bullish Retracement Setup Within Strong UptrendThe EUR/AUD is currently trading at 1.7860, having recently rejected the key resistance zone between 1.8000 and 1.8430. Following this rejection, the pair is likely to enter a corrective pullback, offering an opportunity to buy the dip within a strong bullish trend.
The price remains well above the Ichimoku cloud (Span A at 1.7406, Span B at 1.7259), confirming that the medium- to long-term trend is bullish. The Trend Strength Index (TSI) indicators are both in overbought territory:
TSI(10): 0.93
TSI(20): 0.79
This signals that the upward move may need to cool off before continuation. The ideal retracement zone lies between 1.7185 and 1.6837, aligning closely with the 61.8% Fibonacci level of the most recent swing. This zone also acted as previous resistance, which could now turn into support — a classic flip scenario in trending markets.
What strengthens the case for a long setup is that every time TSI has entered oversold territory during this uptrend, price has found strong support and rallied. The TSI behavior shows a consistent pattern of reliable long entries when momentum cools off temporarily during a bullish trend.
Trade Setup Summary:
Retracement Buy Zone: 1.7185 – 1.6837 (support + 61.8% Fib)
TP1: 1.8000 (mid supply)
TP2: 1.8430 (range high)
SL: Below 1.6800 (structure invalidation)
As long as the price remains above 1.68, the structure supports further upside with targets back at the recent highs and possibly beyond if the bullish momentum resumes.
EUR/AUD is driven by monetary policy divergence and economic sentiment in the Eurozone vs. Australia. While the ECB has paused rate hikes, it still maintains a hawkish tone due to persistent inflation, whereas the RBA has shown signs of dovishness amid cooling data and weaker Chinese demand. This divergence continues to support the euro over the aussie, especially in a risk-off environment. Unless macro conditions change significantly, EUR/AUD remains fundamentally aligned with the bullish technical structure.
Disclaimer: This content is for educational and informational purposes only. It does not represent financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and you should only trade with money you can afford to lose.
EURAUD Is Bearish! Short!
Please, check our technical outlook for EURAUD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.775.
Considering the today's price action, probabilities will be high to see a movement to 1.765.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
Bearish drop off pullback resistance?EUR/AUD has rejected off the pivot and could drop to the 1st support that lines up with the 138.2% Fibonacci extension.
Pivot: 1.79761
1st Support: 1.74140
1st Resistance: 1.80920
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bearish drop?EUR/AUD is reacting off the pivot and could drop to the pullback support.
Pivot: 1.79761
1st Support: 1.76901
1st Resistance: 1.80920
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURAUD to find sellers at previous resistance?EURAUD - 24h expiry
The RSI is trending lower.
Price action looks to be forming a top.
Preferred trade is to sell into rallies.
Risk/Reward would be poor to call a sell from current levels.
Bespoke resistance is located at 1.7915.
We look to Sell at 1.7915 (stop at 1.8000)
Our profit targets will be 1.7660 and 1.7620
Resistance: 1.7890 / 1.7980 / 1.8020
Support: 1.7670 / 1.7500 / 1.7430
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.
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