EuraudEUR/AUD remains bearish as AUD strength weighs on the pair, with 1.6150 as key support. A break below this level could drive the price toward 1.6000, especially amid European economic concerns.
AUDEUR trade ideas
EURAUD FORECASTWhen I look at this price, it really looks very good due to how the market opened with momentum. However, that is just a signal price action. What I need to see is the confirmation from the market, which actually is a flag continuation. All in all, this week is looking promising. Let's see how it goes, guys!
EURAUD SellThe blue dots is my current range that price is moving within. I see the trend as down at the moment and price has come more then 50% of the range.
Now I am interested in selling with my SL at the top blue dot and my TP1 at the bottom dot. My final TP 50% of the larger fib
My EURAUD Long Idea 23/2/2025A lot is happening recently that it is almost hard to keep up with the market BUT! Recently the EURO has finally got 1 good W. Germany election is in favor to the currency and DAX so I expect things to turn out to be bullish.
EURAUD - 23/02/25EURAUD - 23/02/25 Ideas for the coming week. Will update the comments if any trades come in to play.
EURAUD double top “neckline” at 1.6517The EURAUD currency pair price action sentiment appears neutral, supported by the longer-term sideways consolidation. However, the recent oversold bounce-back retest of the major resistance at 1.6517 could trigger a bearish reversal.
The key trading level is at 1.6517, which is the current swing high. A bearish rejection from the 1.6517 level could target the downside support at 1.6350 followed by 1.6300 and 1.6220 levels over the longer timeframe.
Alternatively, a confirmed breakout above 1.6650 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.6740 resistance followed by 1.6810 levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
A POSSIBLE SET UP ON EURAUDHey traders , behold! the new update on EURAUD!
Let’s see what happens next week when the market opens!
$EURAUD Double Top Breakdown—More Downside Ahead?PEPPERSTONE:EURAUD
PEPPERSTONE:EURAUD is now trading below the double top neckline/support , increasing the likelihood of further downside pressure. The default target for this pattern sits at 1.6276, aligning with the 200% Fibonacci extension.
At this stage, we are closely watching the 1.6357 support level —a break below this zone could trigger heightened volatility and accelerate selling pressure. If this move materializes , we anticipate the formation of a bullish symmetrical pattern near 1.6235 , converging with the 61.8% Fibonacci retracement level at 1.6286.
📌 Key Levels to Watch:
🔻 1.6357 support—break below may fuel increased downside momentum.
🎯 1.6276 target (200% Fibonacci extension).
🌀 Potential bullish symmetrical pattern near 1.6235.
📊 Major confluence zone at 1.6286 (61.8% Fibonacci retracement).
Final Note: We remain neutral for now, but if 1.6357 breaks, the bearish bias may strengthen. Should the bullish symmetrical pattern form, caution will be required in assessing any potential rebound.
Happy Trading,
André Cardoso
Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
EURAUD: Bullish Move Continues 🇪🇺 🇦🇺
EURAUD finally violated a resistance line of a narrow horizontal
range on an hourly time frame and completed a consolidation.
We can anticipate growth at least to 1.645 resistance.
❤️Please, support my work with like, thank you!❤️
Long IdeaBullish, re-tracement leg potentially ending. Waiting for price to reach zone before initiating buys with confirmation. Possible higher prices form here.
Safe & happy trades.
Bullish bounce off pullback support?EUR/AUD has bounced off the pivot which has been identified as a pullback support and could rise to the 1st resistance.
Pivot: 1.6398
1st Support: 1.6328
1st Resistance: 1.6506
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURAUD Showing Strong Momentum: Awaiting Ideal Long EntryThis setup highlights a recurring pattern that has consistently delivered strong results in the past. With the current market movement, it's advisable to wait for a healthy retracement, presenting an opportunity for a potential long entry. Many buyers likely anticipated a longer consolidation and missed their chance to enter earlier, increasing the likelihood of a retest of the recent low.
Patience and timing could turn this into an ideal entry point with strong potential for upside momentum.
EURAUD Range Shift Ends with Support BreakdownEURAUD was moving upward and experienced a Range Shift, where the support level gradually moved higher. However, after repeated tests, the support level failed, and the price broke below it, indicating weakness in buying pressure. Now that the support is broken, it has turned into resistance. Before continuing downward, the price might retrace back up to test this new resistance level. If the test is successful, meaning the price rejects and fails to move above, it signals further downside movement.
EUR/AUD NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
EURAUD BEARISH ANALYSIShi trader's
current price: 1.64290
EURAUD breakout support zone and mind b possible EURAUD giving retrecment upside and touching resistance zone then EURAUD drop down side .
resistance zone 1.65006
support zone 1.63548
demand zone 1.62012
please like comment and follow thank for support
EUR/AUD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the EUR/AUD with the target of 1.646 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
EUR/AUD A PULLBACK IS OVERThis is Eur/Aud analysis, after a breakout to the downside market make a pullback to the upside and now it's looks like a time to start looking for sell opportunity for a long term. hold this one
EURAUD SHORT Market structure bearish on HTFs DW
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Previous Structure point Daily
Daily EMA retest
Around Psychological Level 1.66500
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Potential Head and Shoulder on H4
Levels 5.87
Entry 105%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
EURAUD: Expecting Bullish Continuation! Here is Why:
Balance of buyers and sellers on the EURAUD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
❤️ Please, support our work with like & comment! ❤️
EURAUD 2HShortFondamentally , the australian dollar should lose value because of the the last night cut of the RBA. But , in fact, the RBA ade what we call a "hawkish cut" by cutting interest rate like it was predicted by the STIR Markets , but in their statement, the RBA , didn't spoke about futures cut because the inflation rest somehow elevated although it's coming closer to their target.
By the other hand, the BCE is holding a dovish speech. Rcently in the end of january, Lagarde statement after the Interest rate cuts, symbolised a dovish position hold by the ECB. The economy isn't good in the eurozone, especially in Germany and France. Polititcal tensions through manifestions in Berlin doesn't help it so much. Also the fact that the US and Russia are holding negociations for the War in Ukraine, and it's seem like the Euro zone countries aren't invited at the table. But keep in mind that if the war in ukraine is over, this might give the euro what it's need to regain trust in the foreign capital.
So fundamentally , at medium term its' seem that the pair is gowing down. I have my directions.
Now to execute: technically in the Daily TF we can see a rising triangle that is about to be broken, led by a beautiful Double Top.
In the 4H TF, we can see a second Double top on the resistance at 1.66400and a long wick, indicating a potentiel reversal to the downside. Also, the SMA 50 that has been acting as a support since a long time, has been broken to the downside.
At the 2H, i decide to put a sell stop a the break of the big TL on the Daly TF.
My SL is behind the HH and behind that double top at 1.66400.
My TP is a the bottom of the rising triangle on the Daily TF.
MY RR = 3.42R and i'm taking a reduced risk because of the volatility that the market is knowing since Trump has taken power.
