EUR/AUD Bullish Channel Trade Setup –Demand Zone Bounce Strategy📉 1. Downtrend Ends
🔽 Price was falling earlier (left side of chart)
🔄 Then it reversed at the bottom of the channel (yellow dot)
➡️ Trend Change Begins
📈 2. Uptrend Channel Forms
📊 Channel consists of:
🔵 Resistance Line (upper blue)
🟢 Support Line (lower blue)
🔁 Price is bouncing between the
About Euro / Australian Dollar
The Euro vs. the Australian Dollar. This pair is considered to be a great barometer for global risk. In 2012, during the European sovereign debt crisis the EURAUD reached its low. Since then, due to the European Central Bank’s policy of Outright Monetary Transactions (OTM or the “whatever it takes” measure ) the pair has recovered substantially.
EURAUD: Bullish Continuation After BreakoutEURAUD appears to be bullish following a retest of a recently breached daily horizontal resistance.
On the 4-hour chart, I observe a descending channel formed after this test a breakout above its resistance line.
The likelihood of the price continuing to rise and reaching at least 1.7721 is quite
EURAUD - Bearish... but not for long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per our last EURAUD analysis, attached on the chart, it rejected the upper bound of the blue channel and traded lower.
What's next?
📈EURAUD is now retesting the lower bound of the channel.
Moreover, the
Bearish drop?EUR/AUD has reacted off the pivot, which is a pullback resistance and could drop to he 1st support that lines up with the 61.8% Fibonacci retracement.
Pivot: 1.77100
1st Support: 1.73968
1st Resistance: 1.78859
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and
EURAUD (BOS + IMB + OTE)Hello traders!
Description: We have STB(Sell to Buy Action) - you can see it on 1H TF, which grab some liquidity and then made BOS. In this moment we can expect that price comeback to 0.5 and then i will look reversal on LFT, after closing IMB.
Entry: Confirmation on LTF in POI. Alarm on 0.5
EURUSD - Short Opportunity Ahead EURUSD is currently approaching a key resistance level after a strong upward move. Price action is showing signs of exhaustion, and bearish signals are beginning to emerge. If the pair fails to break above the resistance and confirms a rejection, we may see a short-term pullback or a potential trend
EURAUD INTRADAY Bearish rising wedge capped at 1.7645Trend: Bearish
Current Move: Oversold bounce toward resistance
Key Resistance: 1.7645 – Prior consolidation zone
Key Supports:
1.7400 – Immediate support
1.7273 – Secondary support
1.7120 – Longer-term target
Scenario 1 – Bearish Continuation:
If price fails to break above 1.7645 and shows re
EURAUD Technical Outlook | Support Test After Channel BreakdownThe EUR/AUD pair has been trading within a parallel ascending channel but recently showed signs of weakness near the upper boundary.
🔹 We saw a long period of consolidation in the highlighted zone, followed by a minor breakout that failed to gain momentum.
🔻 Price is now approaching a critical sup
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The value of the EURAUD pair is quoted as 1 EUR per x AUD. For example, if the pair is trading at 1.50, it means it takes 1.5 AUD to buy 1 EUR.
EURAUD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURAUD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.