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.
Hello There! Welcome to my new analysis of EURAUD from the 4-hour timeframe perspective. In recent times the EXY, European Currency Index has shown up with crucial bearish inclinations which are pointing to a bearish market sentiment especially with massive inflation spreading like wildfire seemingly not reacting to exponential rate hikes pulled out by the ECB....
The EURAUD pair is close to hitting the Target we set a month ago (see chart below) on the bottom (Higher Lows trend-line) of the Channel Up pattern since mid-September 2022: Since the 1D MA100 (green trend-line) has held as Support for 9 straight sessions, the market may consider it as the new bottom. It would be best to take the good profit made throughout...
After price has been gaining bearish momentum, it formed liquidity to target at the bottom. It has now taken liquidity at the to and tapped into a previously established OB that it could use to change direction and continue its expansion downwards.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURAUD has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel. Moreover, the zone 1.63 is a strong support. 🏹 So the highlighted orange circle is a strong area to look for trend-following buy...
Fundamentally I got Aussie strength on the horizon, whilst the EU is all over the place. I'm seeing a big fall coming, with the EU basically stagflating and AUD being buoyed by Chinese recovery, gold price increases etc. Even though we've seen positive data for the Euro this week, the effect on the FX has been negligible. Can't see the Euro doing much more than...
Last week it failed to break up, therefore resuming its down move. On lower timeframe, pullback up already in progress as we approached the key area of 1.65. Overall bias is still on the downside has h4 has structural changes **Find out more from my Tradingview Stream this...
Hey Traders, in today’s trading session we are monitoring EURAUD for a selling opportunity around 1.68000 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.68 resistance area. Trade safe, Joe.
EURAUD reached a key daily resistance. The price formed a double top pattern on that on an hourly time frame. The neckline of the pattern is broken. I expect a retracement to 1.6807 / 1.6786 ❤️Please, support my work with like, thank you!❤️
EUR/AUD remains within an established uptrend on the daily chart, and a 3-wave countertrend move has formed. It is trying to build a base above the 50-day EMA and July high, which paints a near-term bullish bias whilst prices remain above 1.66. We're not yet sure whether we're at or near the end of a 3-wave correction, or if this is simply the first leg lower...