EUR/AUD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR/AUD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.632 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURAUD
Bullish reversal?EUR/AUD is falling towards the support level which is an overlap support and could potentially reverse from this level to our take profit.
Entry: 1.66204
Why we like it"
There is an overlap support level.
Stop loss: 1.64959
Why we like it:
There is a pullback support level.
Take profit: 1.67705
Why we like it:
There is an overlap resistance level.
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EURAUD - Long opportunity !!Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. Price filled the imbalance and rejected from OB, as well we have hidden divergence. On M30 we have regular divergence, so after break of structure, I will open a long.
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EURAUD Under Pressure! SELL!
My dear subscribers,
This is my opinion on the EURAUD next move:
The instrument tests an important psychological level 1.6877
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.6745
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURAUD Will Grow! Long!
Here is our detailed technical review for EURAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.668.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.682 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EUR/AUD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.699 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/AUD pair.
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Consolidated and breaking to see more highHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Bull bias or this..likely watching for pullback or whatnot for upside trading
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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.
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EURAUD I Potential correction from horizontal resistance aheadWelcome 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.
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EURAUD Will Go Higher From Support! Buy!
Please, check our technical outlook for EURAUD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.658.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.663 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURAUD Weekly Analysis and OutlookEURAUD Weekly Analysis and Outlook
This week, the EURAUD pair has shown a strong upward trajectory, closing in a bullish continuation phase. This upward momentum indicates a positive sentiment among traders, suggesting further potential for growth.
Current Market Overview:
The pair has been steadily moving upwards, supported by favorable market conditions and bullish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful break above this resistance would likely confirm the continuation of the bullish trend.
Expectations and Potential Scenarios:
Upon breaking the resistance zone, we anticipate that the EURAUD will continue its upward momentum. This breakout could open the door to higher levels, offering traders potential opportunities to capitalize on the bullish trend.
Primary Expectation: If the resistance is broken, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions.
Alternative Scenario: However, if the price encounters strong resistance and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at lower levels before resuming the upward trend.
Conclusion:
In summary, the EURAUD pair is poised for further upward movement following its recent bullish phase. Traders should watch for a decisive break above the resistance zone, which could serve as a catalyst for continued gains. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
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EUR-AUD Bullish Bias! Buy!
Hello,Traders!
EUR-AUD is trading in an
Uptrend and the pair
Broke the falling resistance
Which is now a support
Then made a retest and
Now we are already seeing
A bullish rebound so we
Will be expecting a
Further move up
Buy!
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EURAUDEURAUD price is near the resistance zone 1.66918. If the price cannot break through the resistance level 1.66918, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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EURAUD - FakeOut + Potential Bearish BreakoutTaking a look at the 4 hour timeframe, price action attempted to break and hold above the high timeframe resistance. However following the 4H rejection candle, prices began to drop towards the ascending support.
Question now is.. will this ascending support break and hold. ATR and RSI are both giving us early clues that it will.
Trade Safe
EurAud- Important break could lead to 1k pips riseAfter a recent dip to the 1.6 zone and a period of consolidation, the EUR/AUD has reversed strongly over the past two weeks, leading to a significant breakout.
As shown in the chart, following an initial upward movement lasting about a year, the pair corrected and consolidated within a falling wedge pattern for another year.
Currently, we see a clear breakout above the falling wedge's resistance, which could lead to a rise of approximately 1,000 pips in the medium to long term.
Swing and positional traders might consider buying on any dips around 1.64, aiming for a target of 1.75, while keeping the interim resistance and falling wadge's target at 1.7 in mind.
EURAUD I Price has reached the resistance execution area 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 straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!