EURAUD: Multi Timeframe Analysis & Trading Plan
Daily to 4H analysis on EURAUD.
Scenarios & trading recommendations.
Price action!
D-EUR
EURUSD is approaching resistance | 9 Mar 2021Price is approaching resistance where we could see a drop below this level. Ichimoku cloud is showing signs of bearish pressure as well.
EURCHF facing bullish pressurePrices are currently taking support from 1st support which coincides with 50% Fibonacci retracement and Fibonacci extension level. Prices might bounce to reach 1st resistance which coincides with the 50% Fibonacci extension level. If prices fall through the ascending trendline support, stop loss would be at the 2nd support which is in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. MACD is also showing bullish signs for prices.
EURAUD is facing bearish pressure, potential for downsidePrices are facing bearish pressure from 1st resistance level, in line with horizontal swing high resistance, which coincides with 78.6% Fibonacci retracement as well as 50% Fibonacci retracement. Prices might push down to our 1st support level which is in line with 61.8% Fibonacci extension, 127.2% Fibonacci extension as well as horizontal swing low support. If prices break through 1st resistance, it might hit the 2nd resistance which coincides with the 127.2% Fibonacci extension. Stochastics is also showing that it might face resistance and pullback from the 77.0 level.
EUR/USD UPDATE We have a bullish pattern in the monthly but the weekly time frame and daily aren't not in confluence yet.
EURUSD: From Bullish to Bearish! Important Change
EURUSD is very bearish.
DXY strength affects all US majors and our bias on EU changes.
Price action & multi time frame analysis.
Trading scenarios & thoughts.
EURJPY facing bullish pressure, potential for more upsidePrices are currently taking support on the 1st support which coincides with 50% Fibonacci extension as well as 61.8% Fibonacci retracement. Prices might bounce higher towards 1st resistance which coincides with swing high resistance and 61.8% Fibonacci extension level. If prices fall through first support, it is likely to reach the graphical swing low support which coincides with 78.6% Fibonacci extension. EMA also suggests that there is a bullish pressure on prices.
EUR/USD MULTI TIME FRAME ANALISYSWe have bullish patterns in all the time frames but the only bad thing is that the price is trap between support and resistance. The price is consolidating, I would be waiting for the price to break one of this structure level for a possible entry.
EURCAD is approaching resistance, potential reversal |4 Mar 2021Price is approaching resistance where we could see a reversal below this level.
EURAUD is facing bearish pressure, potential for further drop Price is facing bearish pressure from our sell entry, in line with our graphical area, 38.2% fibonacci retracement and 61.8% fibonacci extension, where we could see a further drop below this level .
EURUSD Buy idea updatethis pair has formed a valid trendline with 4 touches and now we are waiting for a momentum candle close above our last swing standing to enter a buy trade
EURUSD Buy idea for 1/3/2021the EURUSD pair is forming an ascending channel and as we said before we are waiting for a trigger point to buy this pair
now on M30 timeframe we have a valid trendline and we're waiting for a momentum break of our last swing standing to enter a buy position
EURUSD sell 2min forecast much watch!!EURUSD is starting to look bearish, . I will be waiting for Price action to develop a bit more before I look at executing a high probability trade. Follow us more forecasts and trade setups.
EURUSD: Bullish Wave is Coming?! How to Catch it
Pure price action & technical analysis on EURUSD.
Trading recommendations, directional bias.
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EURUSD is facing bullish pressure | 19 Feb 2021Price is facing bullish pressure from our ascending trend line where we could see a further bounce above this level.
EURUSD is approaching resistance, potential reversal |18 Feb2021Price is facing bearish pressure from our resistance, Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
EURJPY could pull back to the trendline and bounce! EURJPY could pull back to the trendline and bounce!
EURJPY is facing bullish pressure | 15 Feb 2021Price is facing bullish pressure where we could see a further upside above this level.
EUR/USD Shows Double Top Formation! While DXY forms structure?Hi Everyone,
I thought I would post some thoughts following yesterdays EUR/USD post. We have seen a daily shooting star and 1 hour double top market structure on the EUR/USD since then, the projection seems to point for a touch of the 20 exponential moving average on the DXY and EUR/USD!
Good Luck everyone,
Tom
COT Report analysis, 07.02.2021- Educational purposes only!
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