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EURAUD trade ideas

EURAUD Will Go Higher! Long! Please, check our technical outlook for EURAUD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.641. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.645 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
Long EurAud 1hr T.FHey traders, i'm looking for longs on this pair but before then i'm looking for retracements btwn the 1.63400 and 1.63600 level, which will be our area for entry in the H1 T.F...You can place your stop loss below 1.63400. T.P area is 1.64800. Weekly T.F confirms change in market direction to bullish thus my bias.It's best to wait for the retracement(if any) to happen. if not let it just run without placing any position because there'll me much risk exposure. Good luck
Long
by pacifiedOwl94197
EURAUD potental bullish reversal The EUR/AUD pair has recently shown a potential bullish reversal after rebounding from the 61.8% Fibonacci retracement level. This presents an opportunity to capitalize on the formation of potential double waves 1-2. Technical Analysis: - Current Structure: The pair is displaying a potential double wave pattern following a recent rebound from the 61.8% Fibonacci level. The price action indicates that it is viable to enter a trade at the current level, although a more conservative approach would be to wait for the price to break the top of wave 1 at 1.64063. - Institutional Levels: Observing the institutional volume at critical levels will provide confirmation for entering the trade. It is essential to monitor for increased buying activity as the price approaches and surpasses 1.64063. - Aggressive Entry Point: Entering now with a stop loss below the 61.8% Fibonacci level. - Conservative Entry Point: Use a buy stop order at 1.64063, confirmed by a surge in institutional volume. Take Profit Targets: 1.67 , 1.69, 1.71 Fundamental Analysis: - Eurozone Data: The Producer Price Index (PPI) for the Eurozone increased by 1.4% monthly and 10.3% annually in June, indicating rising inflationary pressures which could influence the ECB's monetary policy decisions. - Australian Data: Recent economic indicators from Australia have been mixed. Building approvals fell by 6.7% in June, suggesting a slowdown in the construction sector, while the Reserve Bank of Australia (RBA) maintained interest rates at 0.10%, signaling a cautious economic outlook. This juxtaposition of strong Eurozone data and weaker Australian metrics supports a bullish view on the EUR/AUD pair.
Long
by Neutrinogold
Sell EURAUD Channel BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.6336, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.6282 2nd Support – 1.6242 Stop-Loss: To manage risk, place a stop-loss order above 1.6390. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
3
EURAUD: A huge swing buying opportunity is forming 800+ pip moveOANDA:EURAUD Price has created a unique pattern which suggest that buy swing impulse is in making, we have seen how price has behaved, upcoming news might also impact on how price may move. Long term target consist 800+ pips move. If you are planning to take this trade then please use accurate risk management and do your own research too. **If you like our idea, then please like, comment and follow us which will encourage us to bring more educational content** Team Setupsfx_
Long
by Setupsfx_
3
EURAUD Still bearish within the Channel Down.This is basically an update to our last EURAUD analysis (April 05, see chart below) two months ago: As you can see the price was rejected at the top of the 1-year Channel Down but since May 07 has turned sideways. In fact, looking at the 1D RSI, we see a Higher Lows Bullish Divergence since April 09, while the price was on Lower Lows. This is similar to the Higher Lows that started on December 01 2023 and resulted in a Bullish Leg of +3.39%. As a result, we are taking profit on our sell position and open a buy, targeting 1.6550 (top of the so far dominant Channel Down). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EURAUD Will Go Down! Short! Here is our detailed technical review for EURAUD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.635. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.630 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURAUD - 4hrs ( Buy Trade Target Range 180 PIP ) ☑️Pair Name : EUR/AUD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ⌛ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.63700 Reasons - Major Turn level - Channel Break Out - Visible Range Hvn - Major Choch Zone - Day / week High Break - Fixed Range Hvn Bearish Reversal 1.65800 Area Reasons - Major Turn level - Visible Range Hvn - PAttern Target - Triangle Area - Choch Zone - Quarter High Area
Long
by GoldenEngine