EURAUD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.6600. Price action looks to be forming a bottom. We expect a reversal in this move. A move through 1.6650 will confirm the bullish momentum. The measured move target is 1.6700. We look to Buy at 1.6600 (stop at 1.6560) Our profit targets...
If you missed our buy entry on the EURAUD pair (September 28, see chart below), don't be alarmed, the market is providing once last chance to enter: As we identified on that analysis, the most optimal buy entry was below the 1D MA100 (green trend-line), which is where all previous technical Higher Lows of the 1 year Channel Up were priced. That completed a...
Expecting strength from the Aussie this week, even though the RBA hiked, I think the Aussie was negatively affected by the fall in commodities rates in the past week. I see no strength in the Euro and I think Friday's candle suggests that this pair may not break back into my ascending channel, this could form a double top too. Tuesday EUR GDP data - could be...
But do take note of the key support area now, bias is still on short side. Likewise I am also bearish on GbpAud! **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you...
Eur has been pretty strong past period against aud, has been in my watchlist /tradelist as well. Should have bit more upside. Let's see **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on...
EURAUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 1.6825 will confirm the bullish momentum. Short term RSI is...
Price has just recently had a MSS to the upside. It is now currently approaching a previously established supply zone that it could use to retrace into the deeper 4h structure to take out liquidity and mitigate a demand zone it left during the expansion. It is this very same demand zone that price could use to expand further up to take out the external daily swing high.
price rejected daily high level 1.67000 creating a double top pattern. price just closed below 1hr order block zone (white box) and is should do some order fills for the 4hr order block (grey boxes). im expecting price to head the the gold box which is the 0.5 0.618 retracement of the daily zone.
Watching for it to break up higher from here, let's see.It might also sideway or go lower to test the up trendline... **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And...
Hey Traders, in today's trading session we are monitoring EURAUD for a buying opportunity around 1.66250 zone, EURAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.66250 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.66300 zone, EURAUD was trading in an uptrend and successfully managed to break it out, currently is in a correction phase in which it is approaching the retrace area at 1.66300 support and resistance area. Trade safe, Joe.
EURAUD - 24h expiry - We look to Buy at 1.6475 (stop at 1.6415) Broken out of the channel formation to the upside. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a buy from current levels. A move through 1.6600 will confirm the bullish momentum....
Hey traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.65850 zone, EURAUD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.61850 support and resistance zone. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we were looking for buy setups around the lower bound of red and orange channels. Now EURAUD is approaching the upper bound of the red channel. Moreover, the zone 1.665 is a strong resistance. 🏹 So the highlighted red circle is a strong area to...
Before price broke structure to the downside, it formed liquidity and a massive imbalance right under an established supply zone. It preceded to break structure with momentum and has currently retraced back towards the supply zone. Price could now use this supply and liquidity to fuel its move down to take out the weak low.
The EURAUD pair is on a breadih 1D technical outlook (RSI = 41.370, MACD = -0.007, ADX = 32.977) as the price remains under the 1D MA100 after breaking the bottom of the dotted Channel Up on Friday. If it doesn't cross above the LH trendline (notice the similar pattern in the previous correction waves), it will likely test the 1D MA200 and S1, which can match the...
Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.65200 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.65200 support and resistance area. Trade safe, Joe.