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Eur-aud

EUR/AUD FULL ANALYSIS: Possibly massive trend reversal ahead!Hi traders, Here's the EUR/AUD pair which possibly signals a massive trend reversal and a buying opportunity. As usual, we don't take any trades unless all rules of our trading strategy align. TECHNICALS : The pair has been in a nice downtrend since March, forming fresh LLs and LHs until it reached the 1.61 support, which aligns both with a horizontal support and a longer-term rising trendline. The interesting part happened yesterday: Risk-off flows formed a fresh HH (after the pair failed to form a fresh LL on June 8), signaling a possible trend reversal. The 1-hour chart zooms in a possible entry area: A pullback to a short-term horizontal support level. Now to the other signals that point up: RISK SENTIMENT: Risk sentiment has notably changed yesterday with the sell-off in US equities and with signs of a possible second wave of the Covid-19. This could continue in the week ahead. POSITIONING : Markets are bullish on the EUR after the recent ECB meeting, and have total bearish positioning on the AUD. Although the net AUD bias (net changes in positioning) has been bullish with the recent risk-on, this could possible change in the next trading week and push the EUR/AUD pair up. CORRELATIONS and INTEREST RATES: German/Australian 2y yields (green) are slightly diverging from the exchange rate, and Copper keeps falling (yellow line, inverted) as global demand vanishes. This could be another headwind for the AUD and provide support for the pair in the coming week. Please hit the "LIKE" button if you would like more posts like this. Thanks!
Long
by MujkanovicFX
EURAUD appears oversold SELL 1.65292 - 1.6621 Add to Watch List Signal ID: 72156 Time Issued: Friday, 12 June 2020 01:00:15 GMT Status: open Entry: 1.65292 - 1.6621 Limit: N/A Stop Loss: 1.67586 The Congestion Opportunities Strategy has just sold EURAUD at 1.65751. The system recommends entering this trade at any price between 1.65292 and 1.6621. The signal was issued because the 28-hour Relative Strength Index indicates that the EURAUD may be oversold, while the Speculative Sentiment Index reading of -1.4589 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.01835, so the stop loss has been set at 1.67586. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
Short
by FXCM
4
Quick SHORT on the EURAUD: Breakout of Descending WedgeWe can see on the H4 and D1 chart that EURAUD has accumulated enough sell pressure to breakdown from the support line of the big descending wedge, with today's highs being rejected by the bottom of the wedge line, hence flipping it to resistance @ 1.65504 Now we take a look at the technicals - MACD going over into the red, deeply in the SELL zone - Sell volumes increasing steadily, indicating increased shorts and interest --> Momentum for further downside (Tip: A decreasing volume in 1 direction indicates the imminent reversal of the trend) As always, feel free to like and comment if you enjoyed my posts, trade safely and carefully! Best Regards, GOLD D ROGER
Short
by Gold_D_Roger
DOUBLE TOP IN EURAUDHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.           As we can see, the price has made a double top. One can take a sell trade, once the price breaks the neck line. Let us know your views on this in the comment section. Thank you all.          There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.           Ryan.R..Lopes
by Ryan_lopes
1
EURAUD - SWING - 29. MAY. 2020Welcome to our weekly trade setup ( GBPUSD )! - 1 HOUR Very bullish price action above main sr level. 4 HOUR Strong waving market took out previous lows and skyrocketed instantly! DAILY Overall ranging market at its lows, we might see another push to the upside! - FOREX SWING BUY EURAUD ENTRY LEVEL @ 1.67080 SL @ 1.66280 TP @ 1.68390 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
9
Don't miss the great buy opportunity in EURAUDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6585). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 59. Take Profits: TP1= @ 1.6883 TP2= @ 1.7195 TP3= @ 1.7737 SL= Break below S2
Long
by ForecastCity
24
Don't miss the great buy opportunity in EURAUDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6585). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 59. Take Profits: TP1= @ 1.6883 TP2= @ 1.7195 TP3= @ 1.7737 SL= Break below S2
Long
by ForecastCity
29