Price is approaching our first support (horizontal pullback support, 23.6% Fibonacci retracement, 61.8% Fibonacci retracement) where we might see a bounce to our first resistance level at 1.6226 (61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bearish bias. Trading CFDs on margin carries high risk. Losses...
Pair: EURAUD Timeframe: Daily Trade Type: Position/Swing EURAUD is approaching the area where there was the huge manipulation at the beginning of the year to mitigate. A lot of people are in sells currently which makes the market more likely to push up to take them out, before a long term bearish run. AUD news approaching and I expect AUD to temporarily spike...
Hello traders! We want to share with you a pretty clear bearish pattern on EURAUD. Looking at the daily chart, we have seen a huge spike up to 1.6550 level at the beginning of 2019, which we think was the top of wave 5/C, especially due to the decline that followed later and which can be already as part of a bearish reversal! Looking at the 4-hour chart, after...
The trend is a rising trend with all positive signs of continued gains, our target in a resistance area where the euraud has already stopped 3 times there in the past. Take profit: 1.6340
Disclaimer - I could be wrong/Trade at your own risk...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 14th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time frame we can see price action had a nice bullish continuation off the 1.60595 region. Price action seems to be slowing down here and we will look for a minor retracement to enter a...
EUR/AUD HIT RESSISTANCE SHORT ANALYSIS
EUR/AUD - Bearish Channel Breakout, Is It Aiming 1.6340?
EURAUD has clearly broken the resistance at 1.61211 level. Long orders can be filled at current market price or wait for re-test of resistance line. TP and SL are suggested in the image above.
Hello all Finally after a false break, EURAUD has started to fall, I am expecting this to move quite far to the 1.5700 area. I posted this late as wasn't online, however I will be entering on each pullback on the way down to increase my pips Thanks for looking Duncan DuncanFOrex.com coming soon
1.double top (flat correction) 2. price action (rejection) 3. on weekly time-frame there is a huge push up, now it needs to pull back to 61.8 fib which is aligned with the trend line.
This resistance zone has held for quite a while, infact, the first analysis I EVER PUBLISHED featured this pair, with this same setup. If a true breakout occurs (price passes the previous high, the the ridiculous candle, the candle peak at 1.6200) then I'll revert the resistance to a support level for price to bounce off. Should it hit 1.6200 and reverse, the...
Basically what I want to happen, would need an entry first. There is a liquidity pocket to the upside so this analysis is only half of it, I want to see how price reacts at the target area regardless if it retraces for an entry
As price continues its impulsive move up as we mapped out. I am now expecting some kind of correction between zones before we move up.