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Euro / Australian Dollar

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EURAUD trade ideas

EUR/AUD bounce delivers good news for bullsEUR/AUD closed above the 50-day moving average on Friday after a successful break of 1.6318. After opening Monday marginally higher, the price pushed lower to retest 1.6318 before bouncing strongly towards the European open, providing the framework for the bullish setup. It’s not appealing from a risk-reward perspective to buy around these levels with the 200-day moving average in close proximity, so my preference is to wait for a potential pullback towards the 50-day moving average, providing a better entry level while allowing for a stop to be placed below 1.6318 for protection. The 200-day moving average would be the initial trade target. If the price were to trade through that level, 1.6450 would be the next potential target. With MACD and RSI (14) providing bullish signals on momentum, the preference remains to buy dips and breaks rather than selling rallies. Good luck! DS
Long
by FOREXcom
EURAUD Bullish move**Monthly Chart** The monthly candle is expected to close bullish after it tested the low at around 1.6000 (round number). **Weekly Chart** Last week's candle closed bullish indicating a bullish trend to continue at least to test the manipulation candles (order blocks) at 1.66000 level. **Daily Chart** Look for a bullish structure as the price retraces in the lower time frames, such as H4 and H1, for one more push to the upside. 300+ pips are expected in this move.
Long
by PropSignals
Pullback resistance ahead?EUR/AUD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as a pullback support. Pivot: 1.63985 1st Support: 1.62560 1st Resistance: 1.64784 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.
Short
by ICmarkets
EUR/AUD Long Term selling Trading IdeaHello 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 Wave Analysis 7 November 2024 - EURAUD under bearish pressure - Likely to fall to support level 1.6125 EURAUD currency pair under bearish pressure after the earlier breakout of the support trendline of the daily up channel from the start of October. The breakout of this up channel accelerated the active minor impulse wave 1 of the higher order impulse sequence (1) from the end of last month. Given the strongly bullish Australian dollar sentiment seen across the FX markets today, EURAUD currency pair can be expected to fall to the next support level 1.6125 (which stopped the previous intermediate ABC correction (B) in the middle of October).
Short
by FxProGlobal
1
EURAUD - Look for Continuation Long (SWING) 1:2!The price is forming a reversal continuation pattern on the HTF, yet it’s creating a new low, indicating an opportunity to follow the LTF trend. This is due to a correction towards the nearest support before continuing along the major trend toward the next demand and key support level. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_