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Euroaud

EURAUD 🤖AI Landscape: Unveiling Potential Support & ResistanceEURAUD Landscape: Unveiling Potential Support and Resistance Greetings, Esteemed Investors and TradingView Community, A s we delve into the intricacies of the EURAUD chart, we uncover intriguing trends and patterns that may shape its future trajectory. Today, we'll explore the insights gleaned from Support Vector Machines (SVM), a powerful machine learning algorithm that can decipher support and resistance levels. S VM has identified the blue zone, a potential support area, anchored by significant daily closes on September 29th and November 3rd. This zone has been instrumental in buoying the EUR against the AUD, propelling its price upwards. W hile the EUR experienced a continuous rally until encountering the purple falling trendline last week, this formidable barrier forced it to retreat to the support level established on October 20th. However, the combined strength of the September 29th rally and the subsequent surge on November 3rd could potentially break through this resistance trendline. E xtrapolating from the EUR's performance last week, we anticipate a continued upward movement. However, a correction is not out of the question, and its timing could significantly impact future outcomes. I f the EUR successfully breaches the resistance trendline, any subsequent pullback will not negate the overall bullish trend, and we will consider adjusting our targets upwards. Conversely, a reversal from the current support level would cast doubt on the bullish trend, prompting us to reevaluate our strategy and consider local trends between September 29th and today. C onsolidations often precede bearish market reversals. In such a scenario, we would contemplate opening a short position. C urrently, our long position initiated within the support zone boasts an attractive risk-reward ratio of 11. Please remember that this is not investment advice, and we strongly encourage you to conduct thorough research and consult with financial professionals before making any trading decisions. With gratitude, Ely
Long
by Elysian_Mind
💵Euro/Australian Dollar💵Analyze (9/22/2022)!!! Euro/Australian Dollar reacts well to the resistance line and has failed to make a new high every time it has hit this line. I expect the trend line to break and Euro/Australian Dollar to decline to the support zone. 🔅Euro/Australian Dollar Analyze ( EURAUD ) Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
2
💵Euro/Australian Dollar💵Analyze !!!Euro/Australian Dollar has bounced back from the resistance zone for the second time and I expect this drop to continue at least up to the support area I marked on the chart. Also, we can see the Regular Divergence (RD-) between MACD Indicator and Price. 🔅Euro/Australian Dollar Analyze (EURAUD) Timeframe 2H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
RISKY 10% DOUBLE TOPS TRADE ON THE EURO AUDThis analysis shows the main factors behind the Short Position opened on the EURO AUD. These include 1. The Formation of Double Tops on the Daily Chart. 2. The Formation of a Pennant Setup on the Daily Chart. 3. The expected move towards major Support within 3 Days. 4. The expected move towards the Pennant Support in 7 to 14 Days. The market provided a strong Tweezer Top to indicate the start of U-Turn on the Daily Chart, which would lead to completion of the Double Tops Signal. Once completed, it will take us lower towards a short-term Support that can be used for our first target. Thereafter, we can wait until the market provides us with another setup to trade towards the Support Boundary of the large Pennant Consolidation. Duane Swing Trading Master
Short
by shepherdduane
1
EA Short Potential Price is in a slighlty bearish channel, this is indicated by price being firmly under the 200EMA on the daily and making lower highs. Price has been highly responsive to the 200EMA on the daily, as it has acted as an area of resistance for the price level. On the 4 hourly chart price has shorted by at least 100pips on the last two touches of the 200EMA. Overall, the 200EMA alongside the resistance level starting at the price level 1.63101 has served as strong resistance and if price reaches this level again, it will signify a strong selling opportunity with a high R:R.
Short
by Tical1
EUR AUD - long game incomingWe are waiting for the break of our trend line - as the Euro is gaining strength and the Aussie has some strong shorts against it. What can we see technically? - Daily bearish, - weekly bearish - bounce from the demand zone purple zone. - we can see the trend beginning to add long positions. - we have made higher lows - showing the correction - now in a consolidation zone with some great wicks formed. Where to enter? Follow your plan But for us, we are waiting for a double bottom or a break or wicks to be tested on a lower time frame. Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced. KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Thanks, Team Lupa.
Long
by LupaCapital
1