EURAUD is risingEURAUD is in uptrend on hourly chart price is making higher highs and higher lows buying is recommended at current levels with strict stop loss at previous higher low,
EURAUD trade ideas
EUR/AUD BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
We are going long on the EUR/AUD with the target of 1.610 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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EUR-AUD Potential Short! Sell!
Hello,Traders!
EUR-AUD is trading in a
Downtrend and the pair
Made a retest of the
Key horizontal level
Of 1.6159 and we are
Already seeing a move
Down so we will be expecting
A bearish continuation
Sell!
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EURAUD BearishEURAUD has formed divergence with the rising wedge pattern which indicates possible trend reversal.
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.
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EURAUD making bullish patternBullish Divergence
Making new HH HL
New trendline
EP on confluence of FIB and Trendline
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!
EURAUD is BullishPrice was in a strong downtrend, and was consistently printing lower highs and lower lows. However, bullish RSI divergence appeared on four hourly time frame and seems to be playing out now, as first higher high is printed successfully. Price would define a higher low now and move up according to Dow theory. Targets are mentioned on the chart.
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!
BEARISH EURAUDBears seem to be in power by a long shot I believe we’ll continue to see this sell off and reduction in price till the 1.5895 - 1.5850 price range back in June of 2023. My take profit is set @ 1.5880
Short IdeaBearish, re-tracement leg in progress - potentially ending. Waiting for price to reach supply zone before initiating sells for possible lower prices.
Safe and happy trading.
EURAUD H12 IdeaPotential for a bearish pullback on the EURAUD H12 which could lead to a price movement towards the support level at 1.59000 from1.63000 level
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.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EURAUDI assume there might be a bullish run on this pair.... I chose the zone as an potential entry. How ever this run should it be possible... we might see a cypher harmonic pattern. which if it happens. I will look for potential entry
SHORT EURAUDThe pair had broken out from the support area and retested a couple of times, not withstanding I believe EURAUD will eventually keep falling to the target areas.
buyI deleted the extra lines and specified only the regions, just specify the volume and enter the trade.
EURAUD BUY IDEADear friends traders , EURAUD IS FORMING A RHOMBUS THEORY.
which likely start buying if unable to push down further after retest on the horizontal line as Indicated on the chart.. keep eyes and watch for possible buy entry .
Good luck and happy new month
EUR/AUD Poised for Bullish Breakout with RSI SupportEUR/AUD is approaching a potential breakout at the CHoCH level, with a minor correction expected beforehand. For a stronger breakout signal, the RSI should dip below 50. The overall scenario indicates a bullish breakout, following a two-week bearish trend.
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
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WISH YOU ALL LUCK
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...
GBPAUD - SWING WEEKLY POTENTIAL BULLISHBased on the market structure we are entering the most discounted area for the swing weekly. with target BPR area above
EUR-AUD Will Keep Falling! Sell!
Hello,Traders!
EUR-AUD is trading in a
Downtrend and the pair is
Going down after the retest
Of the resistance of 1.6169
So we are bearish biased
And we will be expecting a
Further move down
Sell!
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EURAUDAs I posted it on Juna 20, that the possibility of it is to continue dropping to fill FVG down.
Now the price has filled it. Look here
()
Let us wait if it will go to the discounted discounte level
Then we wait for 1H choch signaling the move up, so that we wait a confirmation for long to the OB above.
Let us be patient.
