EURAUD approaching 1st resistance, potential for a reversal!Price is approaching 1st resistance, which is in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and descending trendline resistance, where we could see a reversal and further drop towards 1st support, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support. It is worth noting that price is also holding under both the descending trendline and Ichimoku cloud resistances, showing signs of bearish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Eur-aud
EUR/AUD - New Rally coming?Good morning traders, today we bring you a long-term analysis in EUR/AUD since we consider it at the beginning of an exciting situation. It is possible to make a profit.
🔸On the weekly chart, we see that the price has been in an uptrend for almost 10 years and is currently facing the lower trend line of the channel.
🔸It was consolidating in the area for a few weeks, and recently we managed to see a little upward momentum, which is a good start.
🔸If the movement consolidates, we may see a new bullish rally, with a possible target in the previous highs. If the momentum is powerful, it may reach the upper trend line of the channel. Obviously, this situation takes months to resolve.
🔸If we go to the daily chart, we can better appreciate the price action in the current zone, how the price managed to break the range in which it was moving:
The euro begins to weaken after a difficult climbThe Marketmiracle advisor generated a SHORT input signal on the EUR AUD currency cross
The entrance price is 1.5780 and the target price is 1.5645 or with a possible profit of 0.86
The market sentiment is in tune with the SHORT direction so it should help the evolution of events.
I expect on the graph a price movement similar to the one I designed.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
EURAUD approaching 1st support, potential for a bounce!Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support. We could potentially see a bounce and further rise up to test 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. RSI is also approaching the ascending trendline support, showing signs of bullish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/AUD Analysis KiSS 2.0 Intraday IdeaWelcome back! Please support this idea with a LIKE if you find it useful.
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EUR/AUD :REVERSAL ON RANGE AREA + REBOUND RESISTANCE - SHORT 🔔Welcome back Traders, Investors, and Community!
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EURAUD breaking the resistance 🦐EURAUD after the attempt to break below the monthly trendline started an impulse to the upside.
The price is now testing the weekly resistance and according to Plancton's strategy if the market will break above we will set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
EURAUD ona bearish outlook 🦐EURAUD on the 4h chart is moving over a trendline near to a minor structure.
The price tested the trendline a few times and according to Plancton's strategy if the market will break below we will set a nice short order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURAUD for a short leg 🦐EURAUD on the 4h chart is moving over a trendline near to a minor structure.
The price tested the trendline a few times and according to Plancton's strategy if the market will break below we will set a nice short order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Medium term analysis EURAUDHi everyone
I hope you are well
As we showed in the previous analysis, we have a resistance area with a long-term trend line that resists price growth strongly and, like previous times, pushed the price down. If the price breaks the trend line and stabilizes below the line, it will continue the downward trend. We have listed all the possible situations that may occur for you.
But if the price goes below the trend line, we will probably see a rise in price.
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⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
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⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
Analysis for EURAUDChart seems to be about to end its boring state. But is the price going up or down?
In this analysis, we have a long-term trend line in daily time, a channel and a resistance zone (1.5660 - 1.5700) in four-hour time, which gives us a strong resistance zone. If the price can pass this zone, we will have an uptrend. If the price treats this zone with a significant downward candle, we will have to wait for the next candle.
🔥 EUR/AUD Bullish Triangle FormingAfter dumping for 4 months straight, it appears that EUR/AUD has formed a bottom around 1.53, reversing from it as we speak.
At the moment, a bullish triangle is starting to form, with the top of the triangle being TP1. Wait for the price to go touch the Entry line before entering the trade.
Entry: 1.555
SL: 1.55
TP1: 1.567
TP2: 1.59
EURAUD might see reversal around 1.5660 area
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURAUD approaching 1st support, potential for a bounce!Price is approaching 1st support, which is in line with our 78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal swing low support and ascending trendline support. We could potentially see a bounce at this level and further rise up towards 1st resistance, which is in line with 61.8% Fibonacci retracement, 61.8%,161.8% Fibonacci extension and horizontal overlap resistance. Stochastics has also just bounced from the 11.71 level where it has reacted from before.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD looking for a break of the 4h structure 🦐EURAUD on the 4h chart is moving over a trendline near to a minor structure.
The price tested the trendline a few times and according to Plancton's strategy if the market will break below we will set a nice short order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.