Euraudbuy
EURAUD seeing strong bullish support, potential for further riseEURAUD is seeing strong ascending support maintain our bullish momentum. We’re also seeing strong horizontal overlap support at 1.5799 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a bounce could occur at this level to push price back up to 1.5951 once again (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,5,3) is seeing strong support above 3.5% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD starting to breakdown, watch for a potential plummet!EURAUD has finally broken our major support-turned-resistance line at 1.5639 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here that could push price all the way down to 1.5494 (Fibonacci retracement, horizontal pullback support).
RSI (89) is still holding well above our ascending support line and only a break of this would add further bearish momentum to our setup.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Euraud Bullish Penant Breakout$EurAud
Trading ideas.
Penant breakout and the target will be the length of the pole.
THere was HNS forming in Euraud before but we the price couldnt confirm it and bounced from the bottom line of hns.
Follow at your own risk.
EURAUD testing major resistance, watch for a potential drop!EURAUD is testing major resistance at 1.5410 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 1.5272 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD testing major resistance, potential reversal!EURAUD is testing major resistance at 1.5354 (Fibonacci retracement, horizontal overlap resistance) and a reaction off this level could be expected to push price down to 1.5267 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD testing major support, could be seeing a bounce!
EURAUD is now testing major support at 1.5267 (Fibonacci retracement, horizontal swing low support, pullback to descending support) and a bounce could occur at this level to push price up to at least 1.5354 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 2.8% and a corresponding bounce could occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD facing strong resistance, potential upcoming drop!EURAUD is testing major resistance at 1.5423 (50% Fibonacci retracement, horizontal swing high resistance, bearish descending channel) and a strong reaction could occur at this level to push it down towards 1.5310 support (50% Fibonacci retracement, horizontal pullback support).
RSI (34) sees a descending channel signaling intermediate downside pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD testing resistance, potential drop!EURAUD is starting to test major resistance at 1.5431 (50% Fibonacci retracement, horizontal swing high resistance) and a potential drop could occur at this level to push price back down to major support at 1.5297 (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD forming a double top reversal!EURAUD has started to form a really strong reversal signal with a double top being confirmed at 1.5378 (23.6% Fibonacci confirmation level, horizontal pullback resistance). A potential drop could occur from here towards 1.5311 support (above 50% Fibonacci support, horizontal overlap support, double top reversal potential).
RSI (34) sees a couple of recent bearish exits signaling that a reversal is potentially in progress.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD : SWISS-ZYHi traders!
Uptrend channel
Correction happened and now touched bottom of the trend
Good opportunity to go LONG
EURAUD LONG
ENTRY : 1.52468
SL : 1.51963
TP : 1.58995
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
EURAUD back to resistance, possible reversal
EURAUD is now back to testing major resistance at 1.5285 (38.2% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal pullback resistance). Price could not break through this level since yesterday and price action seems to be stalling around this area. A possible drop could occur at this level in line with our bearish channel to push price towards 1.5182 support (Fibonacci extension support).
RSI (21,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD on strong support, watch for a potential bounce!EURAUD is testing major support at 1.5244 (61.8% Fibonacci extension, 78.4% Fibonacci retracement, horizontal pullback support, bullish bat formation, bullish divergence) and a strong bounce could occur at this level to drive price up to at least 1.5432 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) sees strong bullish divergence vs price signaling that a bounce is potentially impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD testing channel resistance!Price is testing major descending resistance at 1.5419 (bearish channel resistance, horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong drop could possibly occur at this level to push price down towards 1.5285 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 1.5478 (78.6% Fibonacci retracement, horizontal break out resistance level).
Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD on major support area, keep an eye out!EURAUD is now testing major support at 1.5335 onwards (Fibonacci retracement, horizontal overlap support, recent swing low support) and a strong bounce could occur as this level to push price up to at least 1.5112 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 2% and a corresponding bounce could occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD - LONG bottom of channel @0.618 retracement zone LONG bottom of channel @0.618 retracement zone from previous move down
Price action suggest reversal up buy signal from channel line
EURAUD
EURAUD BuyEURAUD on the 4 hour time frame had a nice break-out from the upper range. From this point we will buy EurAud and follow the break-out. Next resistances are our targets and support our stop-loss.
EURAUD-Short termEURAUD picks up a nice momentum, i am looking to go long around 1.5039-82 for a target to 1.5175, with stop below 1.4999,
Disclaimer: Please Note, all analysis shared are my own views, they are not intended as an advice but entertainment only. Markets are uncertain so the outcome of any trade idea. Do not risk more than 1% of your equity.
EURAUD more room to move upEURAUD is right now forming a nice ascending channel with price close to the lower range. It looks like EURAUD has enough strength to fly up further towards it next resistance.
Open: CMP
TP: 1.5079 > 1.5150
SL: 1.4940
