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EURAUD

EURAUD 📈Long, Swing TradeEUR/AUD TECHNICAL ANALYSIS, Long, Swing Trade 📣EUR/AUD fell to multi-month lows in late September but started to rebound soon after. The negative market sentiment due to heightened geopolitical tensions in the Middle East reinforced the pair’s recovery, pushing prices towards the 50-day exponential moving average and the 50% Fibonacci retracement of the August/September decline. This area currently presents a formidable hurdle for the bulls (~1.6700). Looking ahead, traders should keep a watchful eye on two critical technical levels: overhead resistance around 1.6796 and 1.6899 and short-term trendline support at 1.6545, which also roughly coincides with the 100-day simple moving average. When considering potential outcomes, a resistance breakout could send EUR/AUD towards 1.6796. In the event of sustained strength, the spotlight will shift to this year’s peak. Conversely, if support is breached, sellers may be emboldened to drive prices towards 1.6400. Below that threshold, attention will shift to the lows observed in September. 📣Indicators: As we can see the two moving average in our Gogo trend indicator has changed to Blue in color and fast MA above slow MA which means it is in uptrend. Moreover, the Currency strength indicator at the bottom of the chart shows EUR (orange line) turns up and is going to cross with AUD (deep blue line), it is a sign this currency pair will has a obvious trending status. 📣Reference from tradingview.com, it shows EURAUD and EURNZD in Strong Buy as well. www.tradingview.com www.tradingview.com
Long
by ICT_Trader_SB
EURAUD H4 | Reacting off resistance? Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.6732, which is an overlap resistance. Our take profit will be at 1.6633, a pullback support level. The stop loss will be placed at 1.8620, which is above the resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
EURAUD I Potential upside Hello,Traders! . . . . . EURAUD is trading in an uptrend on the weekly and a downtrend on the daily. 1.6640 structure daily high was recently broken and created a new high at 1.6703. The price has pulled back to the neckline area and showing rejection from 1.6557 support. If this support holds, price will likely continue to the upside to retest 1.6700 zone. LONG! Trade safe and good luck! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Long
by BKTradingAcademy
1
Choppy DayThe EUR was among a host of currencies today that spent most of the session in a range. EURAUD here was constrained mostly to a 30 pip boundary, making entries difficult. USDCAD was a sell around lunch time, but I was away from the desk at the break point. It looks like the pair has given back the post CPI gains. USDJPY is a notable exception at the time of writing, pushing up towards 149.800 on an extended move that is yet to pull back to the 9 EMA. The most looked extended as it broke the HoD though, so I wasn't particularly interested in getting involved. With all that said, I'm still favouring EURAUD for the watch list tomorrow given the breakout on Thursday. With just under an hour left in the session, that could change if we see a sustained flush below 1.66400 and close near the breakout level of 1.66160, which we could do given the expected daily move. I am a little disappointed by this break out given how lucrative a similar move was on CADJPY a few weeks back. There we saw several follow through days of buying which lead to multiple entries and an overnight hold. So I really do want to see the bulls step in soon here or I think this may be a dud.
Long
by RuckSack
BluetonaFX - EURAUD Falling Wedge LONG IdeaHi Traders! There is a falling wedge pattern on EURAUD, which signals a possible reversal of the bearish trend we have seen over the past couple of months. Price Action 📊 An aggressive price rejection candle followed by a momentum swing suggests that bulls are currently in control of the market. We are looking for a further bullish momentum break above the resistance trendline. Fundamental Analysis 📰 Australia left their interest rates unchanged, and the statement from the RBA left traders unconfident about Australia's economic outlook. Support 📉 1.63946: PREVIOUS DAY'S LOW Resistance 📈 1.66430:RESISTANCE TRENDLINE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
3
Long Positions in EUR/AUD, Potential for Additional Upside.Traders favoring a rise in EUR/AUD continue to stand strong, with opportunities for additional gains. The market suggests that there is still room for further upward movement. Buy: 1.6680 TP: 1.6750 SL: 1.6600 "Simple doesn't mean not profitable" Stay focused my friend. 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". Thanks for your continued support!
Long
by PropTradePros