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Euraudanalysis

EURAUD bearish continuation the week of 12 Sep 2022This pair has been bearish for a while, for the most part has been respecting previous significant levels (areas). The bulls tried to break and hold above the 1.4800 area last week but did not succeed. I am looking to see if they attempt again and another failure will provide a nice shorting opportunity. If this happens, we could be looking at a 4R trade that will be in line with the major trend. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
EurAud with 1.52 in sightIn my previous analysis regarding EurAud I said that there is a high probability of a break above 1.48 resistance and a rise above 1.5 and even higher. Yesterday, after a few days of consolidating around the resistance level with pretty volatile moves up and down the pair finally closed the day to the upper boundary of the range, but more importantly, putting in a bullish engulfing on our daily chart. This for me is an indication that bulls took control and the pair has now a clear way to challenge next important resistance above 1.52. 1.4750-1.48 is now support zone and dips towards this zone should be bought. As I said, the target can be 1.52 and negation comes with a daily close under this week's low. Best regards! Mihai Iacob
Long
by Mihai_Iacob
4
EURAUD | SIMPLE PRICE ACTION WITH SnREURAUD has formed double top at 1.48800 level where we witness multiple bearish candle indicating hurdle for bulls. For short term traders this is an opportunity to do shorting with stoploss just above double top. For long term traders, wait for the price to get out of no trade zone; meaning we need to surpass the 1.48800 level to invalidate the double top pattern. Or close below the recent breakout level which can acted as support. What are your analysis on the idea?
by TradeTrio
4
EURAUD Short Scenario Entry - In the supply zone Target - 1.45680 Invalidation - 1.48820 Risk to reward ratio - 8 Technical confirmations Full cycle of Elliot wave impulsive part is done and now the corrective part(ABC) needs to be finished towards C. Price has reached the supply zone forming the B wave. Technical confirmations Unemployment report in Australia comes on Thursday. The market consensus stands at 35.0 thousand for August, which would be a huge rebound after the -40.9 thousand reading in July. Australian GDP grew by 0.2 percent in Q2 2022, from 0.7 to 0.9.
Short
by JVS_Signals
1
A break is looming. EurAud can rise above 1.5On the 29th of August, I've written that EurAud can rise following the false break and the 1.47 zone could be the bulls' target. This target was reached last week and a correction followed. As we can see from the posted chart, this correction stopped exactly in support, and yesterday's reversal is marked by a strong bullish engulfing. At this moment there is a high probability of an up break with a target above the 1.5 zone. Buy dips against yesterday's low can be a good strategy
Long
by Mihai_Iacob
12
Jamie Gun2Head Trade - Selling EURAUDTrade Idea: Selling EURAUD Reasoning: Possibly forming an inverse head and shoulders but resistance is holding for now. Looking to fade the rally. Entry Level: 1.47000 Take Profit Level: 1.45150 Stop Loss: 1.47660 Risk/Reward: 2.8:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
3