EURAUD - Daily time frame. I was anticipating a reversal pull back on this pair for a few weeks and now i can see this pair and euro pairs falling into a corrective structure on daily time frames. After this big corrective move I see further strength in euro pairs and another extension/impulsive move to the upside on weekly time frame.
EurAud - H4 chart - I prefer shorts due to the current H4 structure which shows many confluences for downside including a H&S pattern, retest of trend lines and supply zones and a fib retracement with targets down to the next H4 support. Decent Risk to Reward on this trade.
EURAUD picks up a nice momentum, i am looking to go long around 1.5039-82 for a target to 1.5175, with stop below 1.4999, Disclaimer: Please Note, all analysis shared are my own views, they are not intended as an advice but entertainment only. Markets are uncertain so the outcome of any trade idea. Do not risk more than 1% of your equity.
Short on a bounce for a target to 1.4938, stop above 1.5029
EURAUD is right now forming a nice ascending channel with price close to the lower range. It looks like EURAUD has enough strength to fly up further towards it next resistance. Open: CMP TP: 1.5079 > 1.5150 SL: 1.4940
EUR/AUD seems to have broken it's bullish trend and now is deciding whether it can breakout it's support and fall further down. We can also see there is Moving Average Convergence Divergence with the MACD with higher highs with the candlesticks and lower lows with the MACD. I suggest to wait for the breakout, but this could very well be a good setup. Always...
For the previous days, the EURAUD pair has been continuously consolidating few pips above the support-now-resistance area. Due to the unwillingness of the bulls to fight on, it was hugely followed by a series of bear attacks. This of course, after another formation of inside bar, has made me point out to enter a short position for a quick trade.
Through my previous analysis, I've shown you several short setups for the Euro currency. These includes EURGBP, EURUSD, EURJPY, and now, EURAUD! For several days, the Euro-Aussie pair has tested the resistance several times -- and failed -- leading to a descend on prices. In addition to this, a possible fakey signal has been formed. Fakey bar occurs only after a...
Looking for some downside here in the EURAUD since it has made its way to the channel upper trend line. The time to consider short trades is at this point with a target of the channel lower trend line.
Judging by the ranges on EurAud it looks like it will first show a wave down before bouncing back up. Selling it with a take profit at 1.4180 and at that point switching to a buy towards 1.4550 the next weeks might turn-out to be very profitable
The EURAUD is in the process of carving out an ascending channel on the 4-hour time frame. It’s the result of the 280 pip rally that began in the final session of March. Although the pair climbed to a high of 1.4216 yesterday, sellers were out in force above the 1.4180 handle. The selling pressure formed a 4-hour bearish pin bar, hinting at a substantial depth of...
when the support at 1.3675 gives way the pair will be heading toward the 1.345 level with 1.32 as an extension. the monthly chart as attached posted negative divergence on the rsi which broke through the ascending trend, implying that the support here will not last for long. All the best trading this pair and please remember to give this a thumbs up!
monthly RSI has shown negative divergence and has now crossed below an ascending trend, which suggests the trend has turned negative and support at 1.3675 may prove temporary. When the gates give way the pair will be heading toward the next projections at 1.35, with any rebound being capped by 1.4040 If you found my thesis helpful please remember to thumbs...
we have multiple resistance's, one even dating back from August 3rd 2016. On the daily price is being squeezed. Price has failed at this resistance trend line multiple times and doesn't look like it has the strength to break it now, however if price breaks above the trade will be invalid.
From a long term daily perspective I see it has been in a downtrend. It has retraced up to a level (1.444) it may reverse at or go up a bit (1.4500) more then finally head down to around the 1.42000 area.
Selling EUR and buying stronger AUD. Coming Italy elections will push down euro and EURAUD will go under 1.38