Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.64200 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.64200 support and resistance area.
Trade safe, Joe.
EURAUD has been in a big downtrend for a while now and has been failing multiple times to break and make new lows.
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Either it will break the upside and make new highs. Only then I will be looking for long positions.
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Or it finally makes a new low and the I will be looking for a short retest setup.
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Let me know what you think!
#EURAUD
UPDATE
Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about #EURAUD.
Traders, Anna is monitoring the Forex pair #EURAUD.
EURAUD was in the strong down trend in the HTF and was following the proper trend line. Here we all can see that it breaks the trend line...
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...
Greetings Traders,
In tomorrow's trading session, our attention is on EURAUD as we actively explore a potential selling opportunity around the 1.63000 zone. Engaged in a downtrend, EURAUD signifies a sustained downward trajectory, reflecting prevailing market sentiment. Concurrently, the currency pair is undergoing a correction phase, steadily converging towards...
EURAUD - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 1.6150.
Price action looks to be forming a bottom. Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.6225 will confirm the bullish momentum.
We look to Buy at 1.6190 (stop at 1.6154)...
Greetings Traders,
In today's trading session, our focus is on EURAUD as we actively monitor a potential selling opportunity around the 1.62200 zone. Operating within a downtrend, EURAUD exhibits a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, gradually converging towards the trend at the critical 1.62200 support...
Hello TradingView Family / Fellow Traders,
📈 EURAUD has been overall bearish , trading inside the falling channel in red and it is currently approaching the lower red trendline.
Moreover, the zone 1.6 is a robust support level.
🎯 Therefore , the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the...
In anticipation of tomorrow's trading session, our attention is squarely fixed on EURAUD, where we are actively assessing the potential for a selling opportunity around the 1.63200 zone. Presently entrenched in a downtrend, EURAUD showcases a sustained downward trajectory. The currency pair is currently navigating a correction phase, steadily converging towards...
Hey Traders,
Check out this technical analysis on EURAUD.
EURAUD is currently trading with descending triangle pattern, so anticipate a retest of the broken support level and consider entering SELL positions.
OR
If price break above the upper band trend line then look for a BUY trade
Keep a close eye on this; it could play out in either direction.
#EURGBP
UPDATE
Hi team, We are here to update our analysis about EURGBP.
EURGBP is forming a position sell opportunity zone. If the market retest the mentioned zones and give any confirmation in the LTF, then we'll place our sell order.
Stay tuned...
#EURAUD
UPDATE
Hi team, We are here to update our analysis about EURAUD.
EURAUD is going down traders, its time to execute short position. Reason behind this is that EURAUD retest the most recent level of structure, and then form a bearish candle.
we can see a short up to mentioned target points..
Stay tuned...
Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.63800 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 1.63800 support and resistance area.
Trade safe, Joe.
EURAUD - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 1.6600.
Price action looks to be forming a bottom.
We expect a reversal in this move.
A move through 1.6650 will confirm the bullish momentum.
The measured move target is 1.6700.
We look to Buy at 1.6600 (stop at 1.6560)
Our profit targets...
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...
Expecting strength from the Aussie this week, even though the RBA hiked, I think the Aussie was negatively affected by the fall in commodities rates in the past week.
I see no strength in the Euro and I think Friday's candle suggests that this pair may not break back into my ascending channel, this could form a double top too.
Tuesday EUR GDP data - could be...
