EUR/AUD TECHNICAL ANALYSIS, Long, Swing Trade
ðĢEUR/AUD fell to multi-month lows in late September but started to rebound soon after. The negative market sentiment due to heightened geopolitical tensions in the Middle East reinforced the pairâs recovery, pushing prices towards the 50-day exponential moving average and the 50% Fibonacci retracement of the August/September decline. This area currently presents a formidable hurdle for the bulls (~1.6700).
Looking ahead, traders should keep a watchful eye on two critical technical levels: overhead resistance around 1.6796 and 1.6899 and short-term trendline support at 1.6545, which also roughly coincides with the 100-day simple moving average.
When considering potential outcomes, a resistance breakout could send EUR/AUD towards 1.6796. In the event of sustained strength, the spotlight will shift to this yearâs peak. Conversely, if support is breached, sellers may be emboldened to drive prices towards 1.6400. Below that threshold, attention will shift to the lows observed in September.
ðĢIndicators:
As we can see the two moving average in our Gogo trend indicator has changed to Blue in color and fast MA above slow MA which means it is in uptrend.
Moreover, the Currency strength indicator at the bottom of the chart shows EUR (orange line) turns up and is going to cross with AUD (deep blue line), it is a sign this currency pair will has a obvious trending status.
ðĢReference from tradingview.com, it shows EURAUD and EURNZD in Strong Buy as well.
tradingview.com/symbols/EURAUD/technicals/
tradingview.com/symbols/EURNZD/technicals/
ðĢEUR/AUD fell to multi-month lows in late September but started to rebound soon after. The negative market sentiment due to heightened geopolitical tensions in the Middle East reinforced the pairâs recovery, pushing prices towards the 50-day exponential moving average and the 50% Fibonacci retracement of the August/September decline. This area currently presents a formidable hurdle for the bulls (~1.6700).
Looking ahead, traders should keep a watchful eye on two critical technical levels: overhead resistance around 1.6796 and 1.6899 and short-term trendline support at 1.6545, which also roughly coincides with the 100-day simple moving average.
When considering potential outcomes, a resistance breakout could send EUR/AUD towards 1.6796. In the event of sustained strength, the spotlight will shift to this yearâs peak. Conversely, if support is breached, sellers may be emboldened to drive prices towards 1.6400. Below that threshold, attention will shift to the lows observed in September.
ðĢIndicators:
As we can see the two moving average in our Gogo trend indicator has changed to Blue in color and fast MA above slow MA which means it is in uptrend.
Moreover, the Currency strength indicator at the bottom of the chart shows EUR (orange line) turns up and is going to cross with AUD (deep blue line), it is a sign this currency pair will has a obvious trending status.
ðĢReference from tradingview.com, it shows EURAUD and EURNZD in Strong Buy as well.
tradingview.com/symbols/EURAUD/technicals/
tradingview.com/symbols/EURNZD/technicals/
ðĨmy free signals and AI trading indicators channel telegram
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading ââ Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading ââ Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
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ðĨmy free signals and AI trading indicators channel telegram
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading ââ Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
t.me/strengthboosters
~1 Forex setup per day. With ICT setup for intraday trading ââ Accuracy +80%
-Booster highlight:
US stocks and Crypto watch list update each weekend.
āļāļģāļāļģāļāļąāļāļŠāļīāļāļāļīāđāļāļ§āļēāļĄāļĢāļąāļāļāļīāļāļāļāļ
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