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EUR/AUD – 4H Technical Outlook The pair has recently bounced off the key support level at 1.7600, aligning perfectly with the lower boundary of the descending price channel 📉—a classic technical reaction. 📊 Current price action reflects a 61% Fibonacci retracement of the previous bullish leg on the broader timeframe, with clear signs of a potential reversal emerging 🔄. ✨ Bullish momentum is expected to continue, targeting: • 🎯 1.7777 – initial resistance • 🎯 1.8011 – extended bullish objective 🛡 As long as price action holds above the 1.7444 support, the bullish bias remains intact. ---
Long
by Elrouby
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! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
7
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!! www.tradingview.com
Long
by Simply-Forex
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.
Short
by IC Markets
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
Short
by TheSignalService
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. Ps; Support with like and comments for better analysis.
Short
by MrMartin_11
6
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.
Long
by IC Markets