AUD perspective: Positive: - The Australian economy is weakening, BUT compared to the European "experts" it is holding up quite well (very difficult I know) -> there is no sign of a recession in Australia so far, quite the opposite of the Eurozone, I had already predicted the inevitable recession in my EURCAD trade idea here - Retail sales came in stronger...
First things first: The German Inflation today will come lower (3.7 or 3.8) than the consensus forecasts (4.0) -> Great for my EUR Short
Hello traders, we want to check the EURAUD chart. The price has reached the specified support level after a downward movement. We expect this level to stop the price downward trend and the price will increase to around 1.64900. Good luck.
Hello,Friends! EUR/AUD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.649...
Hello everyone, EUR/USD is currently recovering but remains below the 1.0800 level at the start of Wednesday. The pair is receiving support from a significantly weaker US Dollar, even as inflation cools in Germany and the market remains unconcerned about the Eurozone's HICP release, US ADP employment data, and Powell's speech. However, EUR/USD is predicted to...
Hello,Traders! EUR-AUD will soon hit A horizontal support of 1.6354 And the pair is locally oversold So I believe that we will see A local bullish rebound And a move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
MARKET PHASE OANDA:EURAUD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above...
Closed below major resistance level clean traffic till TP
💵Pair Name : EUR/AUD 🌐1 DAY RELATIVE PERFORMANCE EUR 0.06% / AUD 0.38% Time Frame : 4hrs ------ 🔗 Key Technical / Direction ( Short After Retest ) Type : Mid Term Swing —————————— 💲Why We Enter'd This Trade ———————— ....The reasons for entry are next at 1.64700. ....We have a resistance point... a monthly exchange of roles for the price has...
Hello,Friends! EUR/AUD pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.661 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
EURAUD - 24h expiry The medium term bias remains bearish. A higher correction is expected. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Preferred trade is to sell into rallies. We look to Sell at 1.6480 (stop at 1.6516) Our profit targets will be 1.6390 and 1.6370 Resistance: 1.6480 / 1.6510 /...
My dear friends, Please, find my technical outlook for EURAUD below: The instrument tests an important psychological level 1.6442 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.6509 Recommended Stop Loss - 1.6404 About Used...
Hello,Friends! Bullish trend on EUR/AUD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.652. ✅LIKE AND COMMENT MY IDEAS✅
Hello traders, I decided to do a short video of EURAUD, with my BIAS, I'm seeing a long from here. I was expecting a retracement to the support zone and on the trendline and the NFP on Friday boosted the sell. I'm seeing price start moving to the upside from the coming week. Y'all can add this pair to watchlist.
Hello,Traders! EUR-AUD broke the rising Support and went down Making us bearish biased So as the pair is now Making a bullish correction We will be expecting A retest of the broken Rising support and then A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
My dear subscribers, EURAUD looks like it will make a good move, and here are the details: The market is trading on 1.6455 pivot level. Bias - Bullish My Stop Loss - 1.6416 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.6524 About Used Indicators: The average true range ATR plays an important...
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...