EURAUD GOES LONG @1.72000 NEW TARGETEURAUD SUPPORT @1.60000 has encountered several pull back by the BULLISH taking over after the NFP released forecast made the BULLISH trend prevails and new target set @1.72000 in view.
EURAUD trade ideas
EurAud Trade IdeaEa is another pair that has been ranging with clean market structure. We ended the week with the higher time frames closing above 1.60430 along with smaller time frames giving us the flip of structure that is needed to confirm longs. I'm definitely long on the pair as price can continue heading to the upside. We'll see what happens during the new week.
EURAUD LONG EurAud is reacting on a previous level of support, with a trendline break confirmation we are possibly going long or we wait for a retest to the support level 1.6000 before buying.
GoodLuck and Enjoy Your Weekend
Potential EURAUD Sell Setup: Watch for Bearish TDI Cross. TP LevEURAUD's monthly structure on the daily timeframe shows an OHLC setup indicative of a potential sell opportunity. We’re currently awaiting a bearish TDI cross to confirm the presence of sellers in the market.
My target levels for take profit are as follows:
First at 1.65411,
Second at 1.64378
Third at 1.63374 (monthly open on the daily timeframe) .
Please trade with caution. If you find this analysis helpful, please support it with a comment, like, and share.
EURAUD: Possible ReversalAfter a couple of failed reversals and dipping into the Demand Zone around 1.60000 (Psychological whole number), we could see another attempt at a reversal. Whether it’ll be a huge or small reversal won’t matter as I would only want to capture a 30 pips run if the opportunity presents itself in the M15 timeframe.
If prices however continue to go lower, we can expect it to go to the next major DZ at around 1.58900.
EURAUD SHORTSMarket structure Structure is Bearish on multiple Higher Time Frames
Entry at Daily and Weekly AOi
Weekly Rejection at AOi
Daily Rejection At AOi
Previous Structure point Daily
Round Psychological Level 1.62500
H4 Candlestick rejection
Levels 8.29
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
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EURAUD LONGSWeekly: 3rd trendline touch
Daily: engulfing candle and double bottom
4h: break of structure turned bullish
Psych level: 1.61000
Area of interest
Fiboncacci area (previous impulse)
Sell from multiple levels I am anticipating short after the pullback to the multiple overlapping levels.
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
EURAUD: Bullish Move From Key Level 🇪🇺 🇦🇺
Check a price action on EURAUD.
After a test of a daily key level, the price started to
consolidate within a narrow area.
The price bounced then and violated a resistance line of a falling channel
and a horizontal range.
The pair has a potential to continue rising.
Next resistance - 0.6165
❤️Please, support my work with like, thank you!❤️
EUR/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are going long on the EUR/AUD with the target of 1.663 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
EURAUD ready to go up? Double bottom pattern on D1EURAUD ready to go up? Double bottom pattern on D1
The euro to Australian dollar (EURAUD) currency pair is in a support region on the daily chart and could show a possible upward movement over the next few days.
EURAUD has just formed a pattern known as a “double bottom” around the support region on the daily chart at the 1.6000 mark – a significant area that previously held the price on June 26, preventing it from continuing to fall.
Another element that supports the idea of an upward movement in the coming days is the fact that the price accumulated a low of -6.85% between Aug. 5 and Oct. 2. In fact, the RSI reading on Oct. 2 was 29.47, signaling a possible oversold scenario.
Bullish engulfing pattern: EURAUD may see buying momentum
Today’s price action is showing a clear bullish engulfing pattern, with the current candle trading above yesterday’s high. This formation suggests a potential surge in buying momentum, following a touch on the support level on the daily chart (D1), indicating a possible shift in market sentiment.
Analyzing the EUR/AUD setup, several bullish signals are emerging:
The pair is currently in a support region on the daily chart (D1), which generally favors upward momentum.
A double bottom pattern has formed on D1, another bullish indicator.
The RSI dropped below 30 yesterday, suggesting the selling pressure may be exhausted.
An engulfing pattern has developed on D1, indicating potential buying momentum could be ignited.
These factors together suggest a possible bullish reversal in the near term.
EURAUD may rise to 1.6275 in near term
From a technical point of view, EURAUD has a chance to rise to the 1.6275 region over the next few days, where it should find temporary resistance. If the price manages to break above 1.6275, it is possible that it will rise to 1.6620 throughout the month of November.
Events to watch: US nonfarm payrolls, ECB rate decision, RBA minutes
Traders should closely monitor the release of the US nonfarm payrolls data on Friday, as it has the potential to significantly impact market movements. Additionally, those planning to hold positions for a longer term should keep in mind the European Central Bank’s interest rate decision on Oct. 17, which could drastically alter the outlook for EUR/AUD.
The release of the Reserve Bank of Australia’s policy meeting minutes on Oct. 7 may also impact the strength of the Australian dollar. Recent forecasts and analyst polls have indicated that the RBA intends to maintain a restrictive monetary policy and keep rates on hold until the end of 2024, with a possible rate cut coming at some point in Q1 2025, which could weaken the Aussie.
Disclaimer:
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EURAUD💡Hello everyone, EURAUD chart analysis Ascension scenario: ⬆️ If the price respects the Order Block area and continued support from this area, we could see a bounce to higher levels. Landing scenario:⬇️ If the price breaks the Order Block area to the bottom, it is possible to continue the decline to a lower support level. MACD Indicator: We are waiting for divergence in momentum.
We monitor the chart on the lower time frame ✅
⛔It is not investment advice, for educational purposes only.
EURAUDIf a rebound occurs from the area, we may see a rise, but if a break occurs, the price may head down to new support levels.
EURAUD BUY POSITION Price broke trendline and retest, which indicates that the price will rise.. additional theres a Tripple Bottom Reversal Pattern confirming change of Market direction
EURAUD Long term longs, get in now or wait for pullbacksSimple technical analysis here, price has been wallowing around these lows for a while and it's the bottom of the higher time frame channel, great opportunity to start buying here with great risk reward.
Buy now and hold or wait for pullbacks if you're more conservative. Not sure on targets, would hope for a 50% pullback at least or possibly higher but that's a long hold.
EURAUD to continue in the downward move?EURAUD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.6025 will confirm the bearish momentum.
The measured move target is 1.5975.
We look to Sell at 1.6100 (stop at 1.6140)
Our profit targets will be 1.6000 and 1.5975
Resistance: 1.6075 / 1.6100 / 1.6125
Support: 1.6025 / 1.6000 / 1.5975
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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EUR/AUD: Clean Trend Meets Big SupportThe deviation between EUR/USD and AUD/USD has been quite clear over the past month. While EUR/USD had struggled at resistance of 1.1200, AUD/USD had continued flying up to fresh yearly highs. And given stances from each respective central bank, that divergence made sense.
This also showed clearly in the cross pair of EUR/AUD which set a fresh yearly low this morning as a trendline came into play just above the 1.6000 psychological level.
At this point the question is whether a bounce can show from profit taking following a consistent sell-off. If so, there's lower-high resistance potential at 1.6115 and 1.6169. If not, and if we do get the 1.6000 print before either of those come into play, we may be looking at oversold conditions on the daily which can similarly be tracked for bounces into lower-highs. - js
EUR/AUD Bullish Momentum, ENTER NOWEUR/AUD has been seeing bearish momentum for a couple days, we are seeing price is struggling on a key level with some fake outs below the area. Price is currently consolidating under this key level and, usually when we see this type of behavior, price is accumulating and collecting sell orders in order for a bullish break out. I am targeting a daily range and do not see any traffic stopping price from reversing before 1.61966. Easy 1:5 RR.
EURAUDcurrently on EURAUD on the daily timeframe price took out the previous day low and closed above indicating a strong support level to push price to the upside, also price has just taken out the previous months CRL, now price is able to reverse
euraud buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURAUDSeasonality Analysis: Historical data suggests a Bullish seasonality for EURAUD during this period, indicating a higher likelihood of Upward movement in the pair.
RSI Bullish Divergence: The Relative Strength Index (RSI) is showing a Bullish divergence. This occurs when the price is making LL and LH, but the RSI is making HH and HL, signaling that the Downward momentum is weakening and a potential reversal is likely.
Trendline Break: The price is approaching a key trendline, and a break above this trendline would indicate a shift from the current downtrend to a uptrend. This break would act as confirmation for entering a long position.
Trade Setup:
Entry: Use a Buy stop order to enter the long position once the price breaks Above the key trendline. This ensures that you only enter the trade if the Bullish trend is confirmed.
