All Blog Posts Tagged 'EURAUD' (35)

$EURAUD- Flag Break?

Currently we are at 1.4644 in a bear flag. We are looking for a break and then a continuation to the S7 area @ 1.4557.  The average daily true range (ATR) for the pair currently is 128 pips.…

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Added by Scott Barkley on May 16, 2014 at 1:10pm — No Comments

$EURAUD- Pole Break?

Currently we are at 1.5042  after the break down of the pole pattern.  We are looking for a bearish continuation to the support area @ 1.4992  and 2) the next target is @ 1.4920.  The average daily true range (ATR) for the pair currently is 172 pips.…

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Added by Scott Barkley on February 6, 2014 at 2:23pm — No Comments

$EURAUD- Still room?

Currently we are at 1.4761 sitting on the 1.618 Fibo.  Although we have seen a nice move we still have some room and  are looking for a bullish continuation to the 2.270 Fibo area @ 1.4837.  The average daily true range (ATR) for the pair currently is 121 pips.…

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Added by Scott Barkley on November 22, 2013 at 2:07pm — No Comments

$EURAUD- Wedge?

Currently we are at 1.4407 and stuck in a day chart wedge.  We are looking for a move to the 0.500 Fibo @ 1.4328 - the next target the 0.786 Fibo  @ 1.4220.  The average daily true range (ATR) for the pair currently is 124 pips.…

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Added by Scott Barkley on November 13, 2013 at 2:12pm — No Comments

$EURAUD- Wedge Break?

Currently we are at 1.4168  in a descending wedge.  If it breaks down we are looking for a continuation to the 1.618 Fibo area @ 1.4122  and maybe to the 1.4074 ( 2.270 fibo),  The average daily true range (ATR) for the pair currently is 126 pips.…

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Added by Scott Barkley on October 18, 2013 at 1:09pm — No Comments

$EURAUD- Channel?

Currently we are at 1.3962 in a channel.  We are looking for a bullish continuation to the R5  area @ 1.4026-37area.    The average daily true range (ATR) for the pair currently is 121 pips.…

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Added by Scott Barkley on October 1, 2013 at 12:47pm — No Comments

$EURAUD- Wedge Break?

Currently we are at 1.4374 after the break north of the wedge.  We are looking for a bullish continuation to the R4 area @ 1.4426 The average daily true range (ATR) for the pair currently is 138 pips.…

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Added by Scott Barkley on September 20, 2013 at 12:59pm — No Comments

$EURAUD- Head and shoulders?

Currently we are at 1.4872 in a potential head and shoulders reversal pattern.  A couple of different scenarios.  1:  bullish: a move above 1.4900 to the Double top @ 1.4997 area 2: Bearish : A break down here to complete the pattern to the 1.4726 area . The average daily true range (ATR) for the pair currently is 159 pips.…

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Added by Scott Barkley on August 7, 2013 at 12:55pm — No Comments

Danske Bank - Buy EUR/AUD for an 1.5250 objective as trend momentum remains strong

Danske Bank - "EUR/AUD Strategy summary – buy at 1.4170 for an objective of 1.5250. Place stop at 1.3860.

EUR/AUD saw a strong rally from a low of 1.2215 on 3 April this year to a high of 1.4415 on 20 June. Since then the market has traced out a shallow three-wave correction before attempting to resume the prior trend and posting a minor fresh high of 1.4480 on 12 July. Although we have already seen a substantial run-up, trend momentum remains strong and scope is seen for further…

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Added by Francesc Riverola on July 29, 2013 at 2:03pm — No Comments

$EURAUD- Bounce?

Currently we are at 1.4343 after a bounce on the trend line and 0.618 Fibo.  We are looking for a continuation to the R4/0.214 Fibo @ 1.4400.  The average daily true range (ATR) for the pair currently is 189 pips.…

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Added by Scott Barkley on July 26, 2013 at 12:39pm — No Comments

$EURAUD- First Target?

Currently we are at 1.4362 after the break north of the rectangle.  This is a 2 part trade opportunity.  1) First target achieved and 2) the next target is  the R6/Top  @ 1.4476.  The average daily true range (ATR) for the pair currently is 189 pips.…

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Added by Scott Barkley on July 24, 2013 at 12:51pm — No Comments

$EURAUD- fifth wave?

Currently we are at 1.4292 after breaking out of the wedge.  We are looking for a continuation to the 1.4434 with the overall target around 1.4500.  The average daily true range (ATR) for the pair currently is 209 pips.…

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Added by Scott Barkley on July 3, 2013 at 12:57pm — No Comments

$EURAUD- 5th wave?

Currently we are at 1.4170 on the R4 after breaking out of the wedge. As we expected we started the 5th wave to the top. We are looking for a continuation to the R5 @ 1.4316.  The average daily true range (ATR) for the pair currently is 214 pips.…

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Added by Scott Barkley on June 28, 2013 at 12:51pm — No Comments

Societé Generale - Significant AUD/USD short positioning

Societé Generale - "Our Technical analysts see a move in AUD/USD to 0.99 or so, even within the context of the longer-term downtrend. In terms of EUR/AUD, a 38.2% retracement of the recent rally would take us down to 1.34 and that seems a reasonable target. 1.4150 is a viable stop above here. On the EUR/USD side, a lot of bearish sentiment in the European economy and in the currency has been flushed out by the last month’s jump in PMIs. That means that a further PMI gain is now priced in and…

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Added by Francesc Riverola on June 17, 2013 at 4:09pm — 1 Comment

$EURAUD- Bounce or break?

Currently we are at 1.3459 after breaking down from the rising wedge.  We are looking for a possible bounce at 1.3429  (the 0.618 Fibo) back to the 0.214 Fibo @ 1.3536.  The Break down would target the 1.3350-3385 area.    The current average daily trading range (ATR) is 103 pips.…

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Added by Scott Barkley on June 3, 2013 at 12:44pm — No Comments

$EURAUD- breakout?

Currently we are at 1.2908. We are looking for a retracement and  then a continuation up to the Wave 1 R6 Resistance @ 1.2975 then the R4 Resistance later @ 1.2967. We are bullish.    The current average daily trading range (ATR) is 106 pips.…

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Added by Scott Barkley on May 7, 2013 at 1:09pm — No Comments

$EURAUD-breakout?

Currently we are at 1.2760  and the C part of an A-B-C should get underway after NFP  .  A couple of different scenarios.  1:  a bounce @ 1.2750  for a double top @ 1.2850.  2: A break of the uptrend line would trigger shorts to at least the .214 Fibo support @ 1.2626. The average daily true range (ATR) for the pair currently is 103 pips.…

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Added by Scott Barkley on May 3, 2013 at 1:41pm — No Comments

ANZ - Five Reasons Why EUR/AUD Will Rally

ANZ -"· There are at least five reasons why EUR/AUD will rally: the realisation that Cyprus was in fact special; an asymmetry in the reaction of EUR and AUD to global growth; the risk of a policy response if AUD appreciates but not EUR; new dynamics in China; and, the coalescing of these factors at extended levels.

· The key risk to a long EUR/AUD position is the continued leakage of foreign exchange reserves out of Europe and into the new “emerging” reserve currencies, of which the…

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Added by Francesc Riverola on March 26, 2013 at 9:45am — No Comments

Westpac - EUR/AUD 1.2350 is the next target

Westpac - "The return of genuine political concerns in the Eurozone should continue to chip away at EUR/USD multi-week while AUD/USD trades broad ranges, leaving EUR/AUD biased to further decline near term. EUR/AUD 1.2350 is the next target but Nov’s 1.22 lows are probably just out of reach so long as Australia’s domestic outlook is soft enough to keep the RBA warning of further monetary easing. The ECB’s bond market backstop plan also argues against substantial further EUR/AUD…

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Added by Francesc Riverola on March 19, 2013 at 12:44pm — No Comments

$EURAUD- next stop?

Currently we are at 1.2608.  If we can break the 1.2600 psychological level look for a continuation 3rd wave 5th support @ 1.2539 then maybe the 1.2500 .  The current average daily trading range (ATR) is 110 pips.…

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Added by Scott Barkley on March 13, 2013 at 1:07pm — No Comments

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