Euraudanalysis
EurAud with my 1.63 target in sightIn my 20 September post, I wrote that EurAud could correct further and eventually reach 1.63 important support zone.
Indeed, after a test of the indicated resistance at that moment, the pair dropped again to new support at 1.6450-1.6470 zone.
Yesterday the rally was met once again with selling power shy under 1.66 and now we are again at support.
All recent price action suggests down continuation and I expect a break under 1.6450 support.
In this case, my 1.63 target is the most obvious one and also the most probable.
EURAUDNot on my favorite list but this looks like one of my kind of trades ;-)
Anyways, a break above the 1.66521 upper zone and its retest will mean a long position
A break below the 1.64735 lower zone and its retest will mean a short position
Until then, we keep the fingers crossed
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
EURAUD I Negative bearish trendWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
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" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EurAud- 1.63 zone remain my focusIn my 13 September post regarding EurAud, I wrote that a top could be in place and the pair could drop under horizontal important support. This happened the next day and on 15 September, the pair made a low of around 1.6450.
Now EurAud is in a normal up-correction and this could offer a good opportunity for sellers to enter the market at a better price.
In conclusion, rallies above 1.66 should be sold with the same 1.63 zone target and negation above the new resistance.
#EURAUD has still room to the downside after correction----------EURAUD SHORT----------
EUR and GBP currencies seem to be getting weaker recently after a longer overperformance over commodity currencies like CAD, AUD, NZD in the past few months. So at least a correction is imminent. I see this on the weekly and daily charts. The question is how long will this correction last or is this already over? I think we still have room to the downside in the case of EURAUD, also EURNZD and consequently GBPAUD and GBPNZD.
EURAUD Analysis. Next fall?Hello everyone. i want share my idea about EURAUD pair.
After many touch it broke daily support which was strong but at some level it came back and still coming slowly.
The situation is simple, with my strategy it broke clear support which is now resistance, after touch i think we will get some strong fall to next daily support. after i used my Fibonacci tool it showed me some good entry points but am not going to open position yet because i need some confirmation at the level.
Manage your risk!!!
DeGRAM | EURAUD trend continuation trade opportunityEURAUD broke out of the descending channel.
The market is pulling back to the resistance level after testing the support level .
Price action is printing HLs and LLs and is likely to go down from the resistance level, trendline (dynamic resistance), and fibo cluster.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURAUD Long Term SELLING Trading IdeaHello Traders
In This Chart EURAUD HOURLY Forex Forecast By FOREX PLANET
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
EURAUD I Daily outlook and short set upWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
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" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
euraud. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Update
EURAUD I Short term intraday longWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
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" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EurAud- Top in place?Recently, EurAud reached 1.7 figure, and after some consolidation in that zone, the pair started to drop.
This drop stopped around 1.6650 and although we have 3 reversals from this horizontal level, EurAud has started to print lower highs on our chart.
This could be an indication that more losses could come and the pair could drop under this support.
A break under this level could accelerate losses toward important 1.63 support
On the other hand, a break back above 1.68 would put the recent 1.7 high in focus
EURAUD I Approaching strong reversal zoneWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
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" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURAUD Long Term SELLING Trading IdeaHello Traders
In This Chart EURAUD HOURLY Forex Forecast By FOREX PLANET
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
EUR/USD: A 30-Minute Zone AnalysisSupport Levels:
Support 1 @ 1.07062:
Our journey begins with support at 1.07062. This level serves as an immediate safety net for EUR/USD traders. It's where the price often finds buying interest, potentially signaling a reversal of any downward movement. Traders should keep a watchful eye on this level, as a breach below it could signal the presence of further bearish pressure.
Resistance Levels:
Resistance @ 1.07493:
On the flip side, we encounter a crucial resistance level at 1.07493. This level is a formidable barrier on the 30-minute EUR/USD chart. Resistance levels are where the price frequently faces selling pressure, potentially leading to a reversal of its upward momentum. Traders should remain vigilant here, as a decisive move above this level could signify a short-term bullish sentiment.
Resistance @ 1.07982:
Continuing our journey, we found another resistance level at 1.07982. Resistance levels like this one can act as significant roadblocks to price movement. Traders should closely monitor this level, as a successful breach could indicate a continuation of the current upward trend.
Resistance @ 1.08081:
Our final stop is resistance at 1.08081. This level is another noteworthy obstacle for EUR/USD. When multiple resistance levels are in close proximity, they can collectively strengthen the overall resistance zone. Traders should take heed, as a decisive move above this level could further bolster the bullish outlook.
Conclusion:
In the world of forex trading, comprehending support and resistance levels is akin to having a compass in uncharted waters. The EUR/USD market, with its unique dynamics, requires traders to carefully observe the identified support and resistance zones outlined in this analysis.
However, it's crucial to bear in mind that the forex market is anything but static. It's subject to constant fluctuations influenced by a multitude of factors, including economic data releases, geopolitical events, and market sentiment. Therefore, while support and resistance levels offer valuable insights, traders should augment their analysis with a toolbox of technical and fundamental indicators to make well-informed trading decisions.
Above all, risk management and prudent trading strategies remain paramount in the ever-evolving world of forex trading. Balancing opportunity with caution is the key to success in this dynamic market.