Euraudtrade
EURAUD - enter after breakoutHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
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 try to break the resistant line, i think it will be break the resistant area. Let's watch together
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.
Please support this idea with a like, if you find it useful
have a good profit week guys
💡 EUR/AUD Potential long setup. Hello Traders. Looking at Potential longs on this pair. We must have a break and close above resistance structure in order for this trade to have potential.
The Eurozone’s trade surplus narrowed from €17.7bn to €15.8bn the data that came out failed to have an impact against the Aussie. The next major calendar event is for the AUD in approximately 9 hours. This pair is on my watchlist 👀
#EURAUD set to continue the Downtrend 📉#EURAUD showed a weak signal in the early morning after European Markets open.
As the global economy recovers after the block caused by the Covid pandemic, the commodity currencies like the Australian Dollar or New Zealand Dollar are well placed to advance. In particular, the outlook for EUR/AUD is bearish as the pair has actually been strengthening since late February despite all the signs of an economic recovery.
Series of Rising wedge patterns-Run towards southEURAUD
The recent downtrend will further accelerates the selling in this pair.Rising wedge pattern will give us good risk
reward ratio.Rejection around 1.57000 and support around 1.52500
Breakdown of the minor rising channel will be a good signal to sell this pair.Primary target would be 1.52500
*Price-below price action level
*Price around point of control
*Price around 03 EMA(50,100,200)
*Fundamental support-AUD
*Rising COVID cases-Negative impact in this pair
Disclaimer!
This chart represents the future expected move only-Not a financial advice
Appreciate good works-
“Don’t judge each day by the harvest you reap but by the seeds that you plant”
Robert Louis Stevenson
EurAud to 1.6?Since finding strong support at 1.5270, EurAud has started to trade upwards and is making higher lows for a month now.
At this point, the pair is consolidating just under important 1.56 resistance and I believe this resistance will eventually fall.
A break here would be significant and will clear the road to 1.6
I'm bullish EurAud as long as the price is above 1.54
EurAud- New drop to supportThe long term trend for EurAud is down and, after correcting exactly in 1.56 resistance, the pair seems to resume its downward trajectory.
At the time of writing the pair is trading at 1.5440 and is just in confluence support.
I believe this support will fall and rallies should be sold
A break above resistance would negate this scenario
EURAUD is approaching resistance | 22 Mar 2021 | Short IdeaDear Traders,
#EURAUD are facing bearish pressure and a break below our downside confirmation could trigger a further drop.
#EURAUD_Sell @ 1.54593 I SL-1.54900 I TP-1.52716
If you like & enjoy this Idea/Analysis, kindly press the FOLLOW & LIKE button and support us!
Thanks!