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Euraudshort

EURAUD to breakdown?EURAUD - 24h expiry Trading within a Corrective Channel formation. We expect a reversal in this move. Momentum is flat, highlighting the lack of clear direction. A move through 1.6450 will confirm the bearish momentum. The measured move target is 1.6300. We look to Sell a break of 1.6445 (stop at 1.6495) Our profit targets will be 1.6325 and 1.6295 Resistance: 1.6525 / 1.6550 / 1.6600 Support: 1.6450 / 1.6400 / 1.6300 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURAUD - Is A Reversal On The Horizon?Analysis: Looking at the chart we're able to see that price recently seemed pretty bullish and due to the news that came out for the USD last week it's had an affect on the AUD and we've since seem some AUD weakness, however we see a potential reversal happening soon. At this of area resistance we marked out we've seen that price has tagged this area before and then made a strong move to the downside so we expect that this will happen again. We also have a bearish chart pattern, a rising wedge pattern. Usually when we see this pattern forming we see sudden weakness and price drops to the downside so this favours our bearish reversal thesis. Fundamentally the EUR is the 2nd strongest major currency, whereas the AUD is the 2nd weakest major currency so this doesn't favour our idea, but this isn't the full picture either. If we look a little further we can see that as of the most recent report on institutional positioning we saw a decrease in long positions on the EUR, signalling more bearishness could be on the horizon. Which favours our idea. We also have a speculation that the EUR will lose its strength that it once had as other currencies become stronger and we're starting to see this happen already. This is why fundamentally we like the look of the AUD over the EUR for now. With the technicals and fundamentals together we are bearish on EURAUD. This is a risky setup as it's going against the trend, however with trading you have to take risk because that is what trading is. The difference is having your risk under control, rather then gambling! Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
14
EUR/USD shortHello Traders , This is my opinion in EUR/USD I see that: 1. We will take the PWH -LQ then we will go short and we can get Confirmation in 1min ( enough for me to get confirmation from 1 min not 15 min ) because we sweep the strong LQ 2. We will take buy from the 2nd order block ( that below as we can see in picture ) and we will target the PMH the (purple line)...... -------------------------------------------------------------------------------------- Another Scenario: 1. We will take the PWH -LQ then go Higher to take PMH-LQ ,but we should go short after take PWH-LQ but not to 2nd order block.
Short
by shawada
EURaud Long Term Trading IdeaHello Traders In This Chart we Forecast EURAUD H4 today EURAUD analysis 👆 🟢This Chart includes_ (EURAUD market update) 🟢What is The Next Opportunity on EURAUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by ForexPlanet20
EURAUD Analysis. Hello everyone. I want share my idea about EURAUD. Here is not lot to talk, We are at good LVL for catch good price reversal movement. for that we need to wait touch to that point which I have marked with yellow circle, first I need to see aggresive bearish reaction after touch for open my short position. WE NEED TO OPEN CAREFULLY POSITION!!!! Because I have marked also weekly Fibonacci LVL which worked and after touch it continued move uptrend. Next week There is lot of news of EUR which I think show to the pair market reaction. Be Patient!!!!!!
Short
by elmakacho
EURAUD - EUR Weakness On Its Way?Analysis: Looking at the chart and price action we can clearly see that price is in a downwards trend. We're forming lower lows and lower highs which confirms that we're in a downwards trend. Bearing this being in mind we're only looking for short setups. If we look at the previous lower low we have a strong area to enter from. Whys this? Well this area has held multiple times in the past as both support and resistance so we expect that it will do it again. Also in a downwards trend we'd expect price to pullback to the previous lower low to put in a new lower high before continuing to the downside and this is what we're seeing now. For more added confluence at this area we also have the 61.8% fib retracement level which is often classed as the strongest fib level. We expect that sellers will be sat at this level wanting to push price down further, so this helps out our bearish thesis. We also have a downwards trendline very close by. This trendline has been respected in the past so we expect that it will be respected again and we will see sellers enter into the market pushing price down further. Fundamentally the EUR is the strongest major currency compared to the AUD which is the 6th strongest major currency so this really doesn't go in our favour but in recent news events we've actually see some bullish news come out for the AUD with regards to unemployment claims and other key events whereas for the EUR it's been slightly mixed. This to us looks like early signs that we could be seeing some bullishness for the AUD and some bearishness for the EUR soon, which is why we want to get on this move before it happens so we can catch a great trade. With all of the confluences that we have both technically and fundamentally we have a bias to the downside which is why we're bearish EURAUD. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
32