EURAUD weekly outlookEURAUD has been trading within this huge channel for almost 10 years now so a very significant channel with the Eurozone starting to breakdown a clean break of the low of this channel exposes further losses looking at the 1.40 as the first major target which would provide 1,300 pips
Euraudforecast
EURAUD Hello Guys Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURAUD foam a minor support in 4hour chart, I think there will be a chance for buy
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit week guys
EUR/AUD Daily Analysis !!Good Day traders !!
On the Daily timeframe we can clearly see that EUR/AUD is on a downtrend wedge and we expect more continuation to the downside , We do have two areas of supply where the liquidity could be grabbed before the next impulse. We also noticed that we tested all the levels of the FIB retracement on the previous leg and strongly rejected the 0.618 as well as the 0.782 which means that this area had some Sell limits and after they were triggered we saw this massive wick on the last candle.
From An institutional perspective we have on Euro hedge funds Shorting massively since the net position went from 165,000 Net position on late January until 125,000 Net position recorded during the last report. Also we have closed more than 5,800 Long position and added more than 6,500 Short positions during the last report.
On Aud we have Jumped from -1,450 Net position to close to 6,100 Net positions recorded during the last report. We have seen Hedge funds adding massively long position on the currency which explain the strenght of the Australian dollar during the previous weeks. On the last report hedge funds have added close to 5,383 Long positions and Closed 2,300 Short position which also forecast a very bullish AUD during the next weeks.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
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EUR/AUD Weekly Analysis !! Good Day Traders !!
On the Weekly timeframe we have an "M" formation We retraced to the neckline which in in confluence with the 0.5 Fib level and we are continuing our way to the downside. I traced the two potential targets for the next weeks, Please see the daily analysis if you are looking for an entry.
From An institutional perspective we have on Euro hedge funds Shorting massively since the net position went from 165,000 Net position on late January until 125,000 Net position recorded during the last report. Also we have closed more than 5,800 Long position and added more than 6,500 Short positions during the last report.
On Aud we have Jumped from -1,450 Net position to close to 6,100 Net positions recorded during the last report. We have seen Hedge funds adding massively long position on the currency which explain the strenght of the Australian dollar during the previous weeks. On the last report hedge funds have added close to 5,383 Long positions and Closed 2,300 Short position which also forecast a very bullish AUD during the next weeks.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
EUR/AUD Monthly Analysis !!Good Day Traders !!
On the Monthly timeframe on this pair we have an "M" formation that was printed and we rejected the neckline and started our downside movement. We are currently approaching a very strong area of support and the market might easily reject this area and continue it's move to the upside. However when we look at fundamentals and also the COT data we have a different scenario and a very bearish expectation for this pair in the long term.
From An institutional perspective we have on Euro hedge funds Shorting massively since the net position went from 165,000 Net position on late January until 125,000 Net position recorded during the last report. Also we have closed more than 5,800 Long position and added more than 6,500 Short positions during the last report.
On Aud we have Jumped from -1,450 Net position to close to 6,100 Net positions recorded during the last report. We have seen Hedge funds adding massively long position on the currency which explain the strenght of the Australian dollar during the previous weeks. On the last report hedge funds have added close to 5,383 Long positions and Closed 2,300 Short position which also forecast a very bullish AUD during the next weeks.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
EUR/AUD could move DOWN!Hey tradomaniacs,
EUR/AUD has tested a very strong resistance-zone 👉
In case of a re-test of this zone and a risk-on-sentiment in equities, we can expect this pair to continue its trend!👌
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Peace and good trades
Irasor
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EURAUD – Short Term Sell before Big Buying OpportunityEURAUD is clearly in the middle of a downtrend. By the way its shaping in the High Time Frame no, its clearly already showing exhaustion signal by forming a downward sloping descending channel. Last wek, EURAUD price has just broken below a Lower TF Ascending channel structure impusively followed by break of bearish continuation flag in H1 TF.
I’m anticipating EURAUD to make one last leg to the downside up to the bottom of descending channel before it reverse to bullish phase. Considering the range from current price until the bottom of this channel, Its surely a sell opportunity that cant be ignored. However, I’m still consider this sell opportunity as short term bias so its still can reverse anytime soon. I will manage the position carefully with only small risk.
The real opportunity is still waiting for the price to reverse to the upside in my opinion. Once the price has reach the bottom of the descending channel, I will wait for a clearly visible impulsive rejection from that area. Any break of bullish continuation pattern will confirm the bullish move that I certainly will make sure to take advantage of.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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EUR/AUD Retrace Made, Short From ResistanceThis has made a good retrace, I would like to see it touch 0.5 Fibonacci ideally before dropping. MACD and EMA's have this on the verge of being bullish on this timeframe so I want to see these cross back lower before entering a trade. If they do not then this could continue higher to the next resistance level before dropping.
I have set TP just below the previous low at 1.52278 although I see this continuing down to around 1.47273. To reach that second target I would likely take the profit and make a second trade after a retrace.
EUR/AUD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/AUD: Day-Swingtrade-Preparation
Market-Sell: 1,53100
Stop-Loss: 1,53910
Point of Risk-Reduction: 1,52500
Take-Profit: 1,50850
Stop-Loss: 81 pips
Risk: 0,5% - 1%
Risk-Reward: 2,8
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURAUD- Trading Plan and ForecastingDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not a signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
EUR/AUD Long term sell off?Hi Traders
EUR/AUD Signal (Daily Timeframe)
A high probability, entry to go SHORT formed @ 1.55920 after the market found resistance @ 1.59461. Only the upward break of 1.59461 would cancel this bearish scenario.
Trade details:
Entry: 1.55920
Stop loss: 1.59461
Take profit 1: 1.53831
Take profit 2: 1.50290
Take profit 3: 1.44518
Score: 9
Strategy: Bearish Breakout
EUR/AUD full Analysis !!Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We have an impulse correction impulse pattern and we could be looking at a potential target 1.50
Weekly : We are currently on the 5th wave of Eliott for the last impulsion to complete the pattern before the correction sequence "ABC"
Daily : We have a descending channel . "M" formation and we expect the price to retest the neckline before the massive drop. Also we have a strong area of supply right beside the trendline.
COT : Institution have been shorting EUR massively since they added closed more than 21000 long positions and added close to 7200 long position during the last report.
From an AUD perspective we are still looking at a strong AUD even though hedge funds added shorts positions and closed longs and this explains perfectly the retracement of this currency with all the pairs.
4H: We have a strong area of resistance + supply either on the 4H and Daily timeframe.
MACD : we are in a bearish environment
EMAs: Cut for short for the moment .
EMA 200 : We are still below this EMA and could be considered as a resistance itself in case we decide to go higher to grab more liquidity.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
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EURAUD, Strong Bullish Possibilities.? As salam alaikum
Already shared Monthly Analysis two days ago.
Few of you have asked me about Lower TimeFrame so here you go.
T.A Review:
Bearish Channel on Monthly TF
Strong DOJI at Monthly TF
Bullish Channel on Daily TF
1.56 seems to be demand zone.
All are indicating Bullish Movementum
F.A Review:
We've got a busy week. EUR might
manipulate vigorously.
Dollar Strength and Covid-19 can't
be ignored.
T.A indicating BULLISH but AUD & EUR both
are BEARISH Fundamentally.
But eventually we've to be patience and
watch 1.55 zone more closely.
EURAUD, Waiting For Fundamentals..!As salam alaikum
T.A Review:
Bearish Channel
Strong DOJI at Monthly
1.56 seems to be demand zone.
All are indicating Bullish Movementum
F.A Review:
We've got a busy week. EUR might
manipulate vigorously.
Dollar Strength and Covid-19 can't
be ignored.
T.A indicating BULLISH but AUD & EUR both
are BEARISH Fundamentally.
But eventually we've to be patience and
watch 1.55 zone more closely.
EUR/AUD SELL SIGNAL Hey tradomaniacs,
welcome to another free trading-setup.
EUR/AUD: Daytrade-Execution
Market-Sell-Order: 1,58340
Stop-Loss: 1,59100
Point Of Risk-Reduction: 1,57745
Take-Profit: 1,56920
Stop-Loss: 70 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!