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EURAUD trade ideas

EUR/AUD: Preparing for a Bullish Rebound in a Defined RangeThe EUR/AUD currency pair is presently trading within a defined range area. Technical indicators show that the price is in oversold conditions, suggesting that a rebound is likely. Our area of interest is the Demand zone, where we expect to see a significant price increase. This expectation is supported by the fact that institutional traders are holding major long positions, indicating their confidence in an upward movement. Furthermore, we have conducted a seasonal analysis, which reveals that historically, the price tends to grow over the next two months. This seasonal trend adds another layer of confidence to our bullish outlook. Given these factors—the oversold technical indicators, the concentration of long positions by institutional traders, and the positive seasonal trend—we are now considering entering a long position in the EUR/AUD currency pair. ✅ Please share your thoughts about EUR/AUD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
Trading Signal for EUR/AUDDirection: Sell Enter Price: 1.60643 Take Profit: 1.59963 Stop Loss: 1.6133 Based on the data analysis and insights provided by the EASY Quantum Ai strategy, we recommend placing a Sell order for the EUR/AUD currency pair. Here's why: 1. Technical Indicators: Our analysis shows bearish signals from key technical indicators, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggesting downtrend momentum. 2. Resistance Levels: The pair has faced significant resistance around the current Enter Price of 1.60643 and has failed to breach it convincingly, indicating a potential reversal. 3. Trend Analysis: Historical price action suggests that the EUR/AUD is in a broader downtrend, supported by recent lower highs and lower lows on the daily chart. 4. Market Sentiment: Sentiment analysis points to increased selling pressure from larger market participants, reinforcing the likelihood of downward movement. 5. Economic Data: Recent economic releases from the Eurozone and Australia indicate stronger economic performance on the Australian side, further supporting a bearish outlook for EUR/AUD. Keep in mind, this forecast relies on the EASY Quantum Ai strategy's interpretation of market dynamics and should be used alongside your own judgment and other analyses. Happy trading!
Short
by ForexRobotEasy
Bearish Bat Pattern Spotted on EUR/AUDHello trader, I hope your week has been profitable. I want to highlight a classic bearish bat pattern I spotted on the EUR/AUD pair. The chart shows price rejection at point D around 1.61110, with the red zone indicating strong resistance between 1.61069 and 1.61244, which also serves as the PRZ (Potential Reversal Zone). With additional confirmatory signals, entering a short position near the PRZ seems promising. I plan to place my stop loss slightly above the PRZ at around 1.61334 and set profit targets at 1.60756 and 1.60546. Cheers!
Short
by Samuel124
2
EURAUD I In correction and short opportunity coming soonWelcome 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!
Short
by BKTradingAcademy
1
EURAUD Technical Analysis! SELL! My dear friends, EURAUD looks like it will make a good move, and here are the details: The market is trading on 1.6399 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.6355 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EURAUD to follow the path of GBPAUDIdea No : 17 12 out of our last 16 ideas were successful and 4 still running, let's take a look at 17th our last 2 ideas were spot on regarding EURAUD, please check related ideas this one is very high in probability given we have already a GBPAUD idea running, there are new trendlines detected and the old one's are also providing enough support to this idea therefore we expect this pair to move upwards and follow the green arrow very soon let's see...
Long
by myself467