EUR/AUD – 2H – BUY
BUY
81%
▲ Bullish 81% (56.62)
▼ Bearish 19% (13.57)
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Signal evolution
Events for EUR/AUD
Full calendar- TomorrowAUDNAB Business Confidence (Jul)●●○Forecast -6Previous -5in 5h
- TomorrowAUDRBA Interest Rate Decision●●●Forecast 4.35%Previous 4.35%in 8h
- TomorrowAUDRBA Press Conference●●○in 9h
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Descending Triangle | chart_pattern | 4.09 |
| ▼ | Triple Top | chart_pattern | 2.76 |
| ▼ | Double Top | chart_pattern | 2.72 |
| ▼ | Trendline Break Down | trendline | 2.59 |
| ▲ | Fibonacci Break UpTrend (0%) | fibonacci | 2.53 |
| ▲ | Trendline Break Up | trendline | 2.39 |
| ▲ | Support Level Retreat Up | sr | 2.28 |
| ▲ | Triple Top Retreat Up | chart_pattern | 2.26 |
| ▲ | Double Top Retreat Up | chart_pattern | 2.25 |
| ▲ | SMA 200 Retreat Up | indicator | 1.99 |
| ▲ | BOP Zero Cross Up | indicator | 1.81 |
| ▼ | STOCHRSI KD Cross Down | indicator | 1.81 |
| ▲ | HT SINE Zero Cross Up | indicator | 1.51 |
| ▲ | Bullish Harami Cross | candlestick | 1.14 |
| ▲ | Long Legged Doji | candlestick | 1.11 |
| ▲ | Inverted Hammer | candlestick | 0.98 |
Trend Context
15MDOWNChoppy / sideways
30MDOWNChoppy / sideways
1HDOWNTrend forming
2HDOWNChoppy / sideways
4HDOWNChoppy / sideways
8HDOWNChoppy / sideways
12HDOWNChoppy / sideways
1DUPTrend forming
Analysis
🎯 Key Takeaways
- Multiple bullish signals (Trendline Break Up, Double/Triple Top Retreat Up, BOP Zero Cross Up) are firing on the 2H chart, but the overall trend is bearish across most timeframes.
- The 1D trend is bullish, offering a potential longer-term tailwind, but the short-term bearish momentum may cap upside.
- Key levels: resistance at 1.64047 and support at 1.63530; a break of resistance could signal a stronger move, while a break below support would invalidate the bullish setup.
- Given the weak trend scores and choppy conditions, this signal is low probability (59%) and should be treated with caution.
The EUR/AUD 2H chart is firing a cluster of bullish signals, including a Trendline Break Up, Double Top Retreat Up, Triple Top Retreat Up, and a BOP Zero Cross Up, alongside a Descending Triangle. However, the broader trend across most timeframes (15m through 12h) is bearish, with weak trend scores (1/5) and choppy/sideways price action. Only the 1D timeframe shows a bullish, trend-forming (2/5) bias. This suggests that the bullish signals are likely a short-term counter-trend bounce within a larger bearish consolidation, rather than a strong reversal. The confluence of multiple bullish patterns (Double Top, Triple Top, Descending Triangle) hints at potential upward pressure, but the weak trend scores and conflicting lower-timeframe bearishness reduce confidence. Key levels to watch are resistance at 1.64047 and support at 1.63530. A break above resistance could signal a stronger bullish move, while a break below support would invalidate the bullish thesis and likely resume the broader downtrend.
Catalysts
- ▲ Confluence of multiple bullish chart patterns (Double Top, Triple Top, Descending Triangle) on the 2H timeframe.
- ▲ Trendline Break Up and BOP Zero Cross Up indicate a shift in momentum toward buyers.
- ▲ The daily timeframe is bullish (trend forming), providing a potential higher-timeframe tailwind.
- ▲ Nearest support at 1.63530 may hold, providing a springboard for a bounce.
Risk Factors
- ▼ The dominant trend across 15m to 12h is bearish, with weak trend scores (1/5), suggesting the bullish signals may be a temporary counter-trend move.
- ▼ A break below the nearest support at 1.63530 would invalidate the bullish setup and likely resume the bearish trend.
- ▼ The signal's strength is weak, and the probability is only 59%, indicating a high degree of uncertainty.
- ▼ Choppy/sideways conditions across most timeframes could lead to false breakouts or whipsaws.
Symbol
EUR/AUD
Timeframe
2H
Direction
BUY
Probability
81%
Strength
STRONG
Date
2026-08-10 06:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 1.64047 | 2026-08-06 |
| R2 | 1.65036 | 2026-08-03 |
| S1 | 1.63530 | 2026-08-05 |
| S2 | 1.63398 | 2026-07-31 |
| S3 | 1.62445 | 2026-07-28 |