Trading plan for EUR USD and AUD USD – what to expect next

"

EUR USD

Update March 27, 2020

Monthly still has no target showing yet from last week and therefore no trade on the monthly until a new target presents itself.

Weekly has no new target showing from last week and therefore no trade on the weekly until a new target presents itself.

Daily has one target at 1.08448. With the rsi and the cmo in the sell zone this should give 258 pips when it decides to move.

AUD USD

Update March 27, 2020

Monthly shows an up target at 0.67954. The rsi and cmo are just below the sell zone indicating more up movement to come. This would give 632 pips when it eventually reaches target.

Weekly shows this pair aggressively moving towards an up target at 0.63326 – 163 pips further up. The second target at 0.68427 – 668 pips, the third target at 0.68929 – 725 pips further up and the fourth target at 0.69699 – 796 pips further up again. The rsi and cmo are just below the sell zone and it should at least make the first target and then retrace a bit before moving to the second, third and fourth targets.

Daily has two targets down from the current position. The first target is at 0.60059 – 180 pips and the second target is at 0.57899 – 400 pips further down. With the rsi and cmo in the sell zone and pointed toward the buy zone this pair should start to move down soon.

EUR USD

Update March 25, 2020

Monthly still has no target showing up from last week therefore no trade on the monthly until a new target presents itself.

Weekly All targets have been hit and no new targets have presented themselves, therefore no trade on the weekly until a new target shows.

Daily shows a target at 1.10463 – 245 pips from the current position. With the rsi and cmo just under the sell zone I would suspect this pair to retrace down a bit before starting to work up to target.

AUD USD

Update March 25, 2020

Monthly shows one target at 0.67954 – 774 up from the current position. The rsi and cmo are just below the sell zone and indicates it may take a retracement once it hits the sell zone before it continues up to target.

Weekly shows four targets. The first target is at 0.63326 – 302 pips from the current position, the second target is at 0.68427 – 841 pips, the third target is at 0.68929 – 869 pips, the fourth target is at 0.69699 – 948 up from the current position. The rsi and cmo is just under the sell zone and once it reaches the sell zone it should retrace a bit then continue to targets.

Daily has three targets. The first target is at 0.61658 – 162 pips up from the current position. The second target is at 0.59136 – 95 pips down from the current position and the third target is at 0.57899 – 217 pips down from the current position. The rsi and cmo have hit the sell zone and appears to be headed down to the buy zone. This pair should reach the second target of 0.59136.

EUR USD

Update March 18, 2020

Monthly All targets have been hit on the Monthly therefore no trade until a new target presents itself.

Weekly shows both targets have been hit and there are no new targets as of today. No trade on the weekly until a new target presents itself.

Daily shows this pair with one target at 1.10463 which is 19 pips below the target. With the rsi and cmo just below the sell zone it should move up to the target and then down again.

AUD USD

Update March 18, 2020

Monthly has made a massive move down. There is a target at 0.67954 which is 774 pips from the current position. The rsi and cmo are both in the buy zone and should move this pair back up the ladder towards the target.

Weekly shows this pair with 4 targets. The first target is at 0.63326 which is 313 pips up from the current position. The second target is at 0.68427 which is 819 pips further up, the third target is at 0.68929 which is 875 pips further up and the fourth target is at 0.69699 which is 956 pips further up from the current position. With the rsi and cmo half way to the sell zone this shows some up movement is beginning.

Daily has three targets. The first target is at 0.60344 which is 16 pips up from the current position. The second target is at 0.61658 which is 153 pips and the third target is at 0.64984 which is 480 pips from the current position.l The rsi and cmo are just below the sell zone but appear to be headed to the buy zone. When they reach the buy zone targets one and two should be reached.

EUR USD

Update March 10, 2020

Monthly Has a target at 1.09649 which is 348 down from the current position. The rsi and cmo are midway between the buy and sell zone however appears it is headed to the buy zone, indicating move movement downward to come until it reaches the buy zone.

Weekly has two targets. The first target is at 1.12239 – 95 pips down from the current position and the second target is at 1.09597 which is 357 pips further down from the current position. The rsi and cmo have left the buy zone and mid way to the sell zone indicating some movement up before it comes down to the first target.

Daily has three targets. The first target is at 1.13366 – 27 pips up from the current position. The second target is at 1.12005 – 117 pips down from the current position and the third target is at 1.10096 – 306 pips further down from the current position. The rsi and cmo is just below the sell zone which indicated more movement up and then when it reaches the sell zone it will head down to the second target of 1.12005.

AUD USD

Update March 10, 2020

Monthly shows this pair has a target at 0.67954 – 296 pips up from the current position. The rsi and cmo are almost in the buy zone.

Weekly has three targets. The first target is at 0.68427 – 344 pips up from the current position. The second target is at 0.68929 – 393 pips from the current position and the third target is at 0.69699 – 467 pips from the current position. The rsi and cmo are midway to the sell zone indicating further movement up will be happening.

Daily has one target at 0.65266 – 23 pips up from the current position. The rsi and cmo is below the sell zone indicating further up movement will be happening.

Weekly

EUR USD

March 5, 2020

Monthly has made a huge surge up. A new target has appeared at 1.09649 – 261 pips away. The rsi and the cmo are in the sell zone and it looks like a sell on the monthly.

Weekly shows a new target for this pair at 1.09606 which is 264 pips below the current position. The rsi and cmo are just below the sell zone and once it reaches the sell zone this pair should move down.

Daily presents 2 targets. The first one at 1.12005 – 26 pips from the current position and the second target at 1.10096 – 215 pips from the current position. The rsi and cmo are below the sell zone and on it’s way to the buy zone. It should reach the 26 pips and then will probably have a bit of a retracement before continuing back down.

AUD USD

Monthly has a target at 0.67954 – 208 pips above the current position The rsi and cmo are just below the sell zone and appears to be headed down to the buy zone.

Weekly has three targets above the current position. First target is at 0.68427 – 252 pips up; Second target is at 0.68929 – 301 pips up; and Third target is 0.69699 – 380 pips up. The rsi and cmo are mid way between the buy and sell zone.

Daily All targets have been hit on the daily and there is no trade until new targets present themselves.

March 1, 2020

Most traders have been waiting for a bullish trend for EUR USD, and last week was actually a great trading week for EUR USD. But many traders ask if it will continue bullish or if it’s time to sell … We have looked at target trading to see what the EUR USD is doing next.

trading plan for eur usd
It’s a new month and let’s make a trading plan for some of the most exciting currency pairs right now.

Traders with profits and the EUR USD

If you are following Signal Guide you probably discovered some drawdown since this trader was starting to buy EUR USD in the first week of February, and it took several weeks before the bullish trend finally came. He had up to 16 open trades at the same time on this currency pair, and he had more than 2000 Pips in drawdown at its very worst time. However, he was able to close all trades before February ended and overall he made a nice Profit of 476 Pips for the current month.

eur usd positions by signal guide
EUR USD was Signal Guide’s most traded currency pair in February. He was able to close most of them in good profit.

Traders with losses and the EUR USD

Another trader that also focused on EUR USD, Splendid FX, was also buying EUR USD at the same time, but he started to hedge when the trades were going against him for a long time. When he finally had bought a lot of EUR USD positions, the bullish trend finally set in. At the end of the month he closed all the trades, and it became the biggest loss in his entire trading history.

EUR USD trades by Splendid FX in February
EUR USD trades by Splendid FX in February, his worst trading month ever. The bearish trend never came as he was hoping for.

But what will happen with EUR USD in March?

A new month has just started, and while most traders seem to have closed their current trades, it’s time to plan what to expect of this currency pair for the next weeks.

EUR USD Monthly

Monthly show this pair has made a massive move up of 289 pips. There is another 56 pips to reach the target at 1.11027. The rsi and cmo have just reached the sell zone.

EUR USD Weekly

Weekly show this pair made a huge move up knocking out a target. A new target has appeared at 1.09596 – 100 pips down from the current position. The rsi and cmo are just below the sell zone indicating some further movement up might happen before it decides to come down.

Daily show a new target has formed at 1.10101 which is 42 pips below from the current position. The rsi and cmo are below the sell zone which indicates it might go up a bit more before going down to target.

AUD USD Monthly

Monthly shows this pair has a target at 0.65717 which is 65 pips below its’ current position and 283 pips below the second target at 0.67974. The rsi and cmo are in the buy position indicating it is ready to move up and reach for the targets.

AUD USD Weekly

Weekly shows four targets. The first is at 0.65266 and it has hit this target. The second is at 0.66477 – 132 pips above the current position. The third target is at 0.68405 – 335 pips above the current position and the fourth target is at 0.69678 – 450 pips above the current position. The rsi and cmo is just below the sell zone indicating it has movement to move up before coming down for a retracement.

Daily shows all targets have been hit, therefore there is no daily trade here until a new target shows itself.

Bearish trend for EUR USD in March?

According to the target trading stats above, it’s going to be a bearish trend for EUR USD for March. Are you trading EUR USD? What are your expectations?

Do you have any questions regarding a currency pair? We want to assist you with the trading and we can analyse any currency pair for you. Do you follow any traders and are not convinced if they are trading as normal? Let us have a look at it. Forex and profits is all about helping each other out, and making ourselves more confident as a trader.

We provide new trading analysis every week

Was this article helpful for you? What do you think of the EUR USD and AUD USD currency pairs? We often use Pivot points in our analysis. I have already written an article where I explained in detail how target trading works.

I’d love to know what you thought of this article. Don’t forget to go to our facebook page and give us a “Like” and leave your comments.

Disclaimer:

Before participating in Foreign Currency Trading (Forex Market) you must consider carefully the risks of the market, which has big rewards potential, yet is also extremely risky. Consider all the risks carefully before investing in the Forex Market. Remember that all the information and signals, prices and trade recommendations provided here on Forex and Profits is only general information and market commentary, thus, it does not incorporate investment advice.

"