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Long term bias is still bullish

Ucef Posted 31 Mar as Analysis on EUR/AUD, Target: 1.5181, Date: 1 di Maggio, 12:00 GMT  in #Technical analysis #EUR/AUD #Harmonic Trading #Bullish Bias #Fibonacci Level #Channel Breakout
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 1.5181.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger…
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Bearish harmonic pattern

Ucef Posted 29 Feb as Analysis on EUR/AUD, Target: 1.5653, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #EUR/AUD #Elliot Wave #Bearish Signs #Fibonacci Levels #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 1.5653.
However, if bullish ca…
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EURAUD facing a strong trend line resistance

Ucef Posted 31 Gen as Analysis on EUR/AUD, Target: 1.5620, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Resistance #Trendline #EUR/AUD #Breakdown #Levels #Bearish Signs #Support Line #Downward Channel
Daily analysis
EURAUD opened the week at 1.5187 and touched a high of 1.5190. The pair then reversed directions and dropped to 1.5028, as support held firm at 1.5026. The pair closed the week at 1.5031. And the price of 1.5000 has been significant in the recent history of EURAUD, and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 1.5000 level for risk wit…
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EUR/AUD Short opportunity if previous support retested

Ucef Posted 9 Set as Analysis on EUR/AUD, Target: 1.3500, Date: 3 di Novembre, 12:00 GMT  in #Technical analysis #EUR/AUD
Bullish engulfing candle at support level may lead the way for price to retest the previous support break. On the daily chart the trend is downward so I will not be buying if price moves above engulfing candle. I will be looking for short opportunities if area is tested.
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