Trade ideas
EURAUD: Is Getting Ready To Start a DowntrendEURAUD: Is Getting Ready To Start a Downtrend
From our previous analysis, it seems that EURAUD is about to complete the expected correction. It is not a clear correction, but it is still a correction.
The AUD reported good GDP data last week, showing that the economy is back on track. On the other hand, the Eurozone is also facing some problems with its second largest economy.
🟢France's parliament brought down the government on Monday over its plans to tame the ballooning national debt, deepening a political crisis that is weakening the euro zone's second-largest economy - Reuters
If EURAUD breaks below the current pattern, the likelihood of a deeper decline increases.
Key support zones to watch are:
1.7690
1.7530
You may find more details in the chart!
Thank you and Good Luck!
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OVERBOUGHT or OVERSOLD = NO VALUE = NO TRADEAll the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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Bearish continuation in play?EUR/AUD has reacted off the pivot and could potentially drop to the 1st support.
Pivot: 1.76716
1st Support: 1.74789
1st Resistance: 1.78121
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EUR/AUD: Price Sitting on Support – Next Stop 1.8050?Price is sitting right on the trendline support - exactly where buyers have stepped in before. As expected, it’s showing signs of holding and could push back up toward the 1.8050 resistance.
Key watch:
Holding the trendline = bullish momentum intact.
A clean break below = shift in structure, sellers take over.
For now, bias stays up as long as this support holds.3
WE MIGHT HAVE A BULLISH TRENDHello Traders, please check this pair coz is on our strong support zone which was a prev.. HL(D1) so we can expect a rejection, you can see that the price has been doing HHs & HLs so we are on bullish trend, check your H4 & H1 we have a bullish engulfing and on 15 min we have inv. H&Ss rev. pattern.
GOOD LUCK
NB:NO REVERSAL PATTERNS NO ENTRY.
EurAud Continuation Trade SetupPrimary Count
Price is advancing in a small wave 4 recovery with the ideal resistance at the 38.2% retracement of wave 3 near 1.7719–1.7722, which often caps fourth waves in fast trends.
A subsequent break lower would complete wave 5 with equality to wave 1 at or around 1.7622 - 1.7600
Why this count
The decline into the labeled wave 3 shows impulsive characteristics, while the current bounce is overlapping and contained—typical wave 4 behavior into Fibonacci resistance.
The projection cluster at 1.7622 (5 vs 1 equality) provides a textbook objective for terminating moves when wave 3 has carried the bulk of the trend.
Trade plan
Entry: Monitor for reversal signals in the 1.7715–1.7725 sell zone; consider scaling on a lower-timeframe break of the bounce channel.
Stop: Above 1.7750 to allow noise beyond the 38.2% level while preserving the wave 4 thesis.
Targets: Take profits at 1.7622- 1.7600.
What to watch
Confirmation comes from an impulsive turn down from the 38.2% zone followed by a break of bounce lows, indicating wave 5 has engaged.
Invalidation is a sustained push and hold above 1.7750 that compromises the wave 4 cap and suggests a deeper correction toward higher retracements.
Structure comes before prediction—let the reaction at 1.7720 reveal whether the fifth wave is ready to break lower or if the correction needs more time to mature
EURAUD made a significant move to the downsideEURAUD has made a significant move to the downside, which is particularly noteworthy given the lack of impactful economic data during this period. This indicates that the decline is likely driven by momentum and market sentiment, rather than by fundamental catalysts.
Technical Outlook:
The trend remains bearish, with no major support zones being respected on the way down. Momentum appears strong, but given the extent of the move, a short-term correction or pause is likely before further downside continuation 1.78600 – 1.79200 This zone could act as a short-term resistance, where price may pull back before continuing lower. I'm watching this area closely for signs of bearish rejection,
You may find more details in the chart.
Trade wisely best of luck buddies.
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Falling towards swing low support?EUR/AUD is falling towards the pivot, which acts as a swing low support that aligns with the 138.2% Fibonacci extension and the 61.8% Fibonacci projection, and could bounce to the 1st resistance.
Pivot: 1.76740
1st Support: 1.76239
1st Resistance: 1.78099
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EUR-AUD Will Keep Falling! Sell!
Hello,Traders!
EUR-AUD made a bearish
Breakout of the key horizontal
Level around 1.7820 area
And the breakout is confirmed
So we are bearish biased and
We will be expecting a
Further bearish move down
Sell!
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EURAUD: Bullish Continuation is Highly Probable! Here is Why:
Looking at the chart of EURAUD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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EURAUD: Confirmed Bear Trap?! 🇪🇺 🇦🇺
It looks like we have a confirmed bearish trap after a test
and a false violation of a solid falling trend line on EURAUD.
A formation of a bullish imbalance candle provides a strong
bullish confirmation.
I expect a pullback to 1.7825 level.
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EURAUD corrective pullback support at 1.7736The EURAUD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.7736 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.7736 would confirm ongoing upside momentum, with potential targets at:
1.7873 – initial resistance
1.7900 – psychological and structural level
1.7943 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 1.7736 would weaken the bullish outlook and suggest deeper downside risk toward:
1.7700 – minor support
1.7673 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the EURAUD holds above 1.7736. A sustained break below this level could shift momentum to the downside in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.






















