This is basically an update to our last EURAUD analysis (April 05, see chart below) two months ago: As you can see the price was rejected at the top of the 1-year Channel Down but since May 07 has turned sideways. In fact, looking at the 1D RSI, we see a Higher Lows Bullish Divergence since April 09, while the price was on Lower Lows. This is similar to the...
Dear Traders, As we had explained before that EURAUD is likely to rebound once it come nears to a discounted price zone and price just did the exact same thing. Currently, we need ample volume for momentum to begin upwards, this trade currently in beginning stage and it is likely to continue rebounding as we progress. We need to keep an eye out at the downtrend...
Last time we made a call on the EURAUD pair (January 02, see chart below), we caught the best buy entry right at the bottom of the former Channel Down that easily hit our 1.6600 Target: This time we are presented with a strong sell opportunity as the price just broke yesterday below the March 07 Support, making a new short-term Lower Low. This confirms the...
Since mid-August of last year, FX:EURAUD has been consistently forming lower highs on our chart, negating a bullish trend that spanned over a year, a trend which was negated back in December. This year, the pair has entered into a distribution phase, with a high likelihood of establishing a new lower high. Over the past month and a half, bears have sold every...
The EURAUD pair has been trading within a Channel Down pattern since the August 17 2023 High. The price is now very close to the bottom (Lower Lows trend-line) of the pattern, which makes it a technical buy opportunity. As long as it is closing the 1D candle above the bottom, we will be bullish, targeting the top (Lower Highs trend-line) just above the 0.618...
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...
EURAUD broke out of The falling channel and the Pair is now retesting the Broken resistance which Is now a support from Where I will be expecting A further move up !
In this analysis, we are in wave a of a triangle and in this wave we will have a very sharp fall This analysis is 100% correct
EUR/AUD TECHNICAL ANALYSIS, Long, Swing Trade 📣EUR/AUD fell to multi-month lows in late September but started to rebound soon after. The negative market sentiment due to heightened geopolitical tensions in the Middle East reinforced the pair’s recovery, pushing prices towards the 50-day exponential moving average and the 50% Fibonacci retracement of the...
If the price can collect liquidity Below IDM and touch the bullish order block we can buy with LTF confirmation. Please pay attention: We need low time frame confirmation for this setup. 💡Wait for the update! 🗓05/10/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
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...
In my 20 September post, I wrote that EurAud could correct further and eventually reach 1.63 important support zone. Indeed, after a test of the indicated resistance at that moment, the pair dropped again to new support at 1.6450-1.6470 zone. Yesterday the rally was met once again with selling power shy under 1.66 and now we are again at support. All recent price...
The EURAUD pair is trading within a Channel Up pattern since mid-September 2022 and appears to have priced the new Higher High as the 1D RSI replicated the top pattern of the previous Higher Highs. We are still early in the technical pull-back that should be priced below the 1D MA100 (green trend-line) at a minimum of -4.55% from the High. As a result our target...
Hello Guys, EURAUD, just like EURNZD (See analysis below) in my speculation is poised to continue the bullish drive. However, there might be a bearish opportunity that will form the retracement for the bullish drive. Price is trading at a key level from where the retracement might start. However, if the price would just wick above the previous high, I would love...
EURAUD, I am expecting a down move to meet unmitted POI, but it is a little risky.
I am expecting EURAUD down from this daily POI and also has rejection as it has made double top and having trendline rejection also
Hello everyone. I want share my idea for today about EURAUD. Here I open long position because EURAUD brake Bearish trendline and came back to support LVL for retest it. at high timeframe we have pretty bullish trend and I am trying to follow trend. at the moment we have the best swing low and this is why I open my position. Risk is 6 % of my capital and reward...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.