Long-term and Short-term Setups

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TriciaWilson

Well-Known Member
EUR/USD Technical Analysis

~~ The counter is maintaining its positive bias by holding the support of the ascending channel.
~~ As the preceding move also steep, the price needs a bullish correction at the least.
~~ Hence, we expect the pair to be bullish for the next few sessions.

EURUSD.png
 

TriciaWilson

Well-Known Member
AUD/JPY Technical Analysis

~~ AUD/JPY has bounced off from a supportive trendline.
~~ However, the recent fall has depleted the bullish momentum in the counter its now in a rising wedge formation.
~~ We expect the pair to move to trade with bullish bias.

AUDJPY.png
 

TriciaWilson

Well-Known Member
GBP/USD Technical Analysis

~~ The counter's dynamics have changed drastically this week.
~~ It turned bearish abruptly due to the risk of no-deal Brexit.
~~ And there has been a significant amount of longs trapped.
~~ It broke the support of 1.30100 which is now capping the rally.
~~ We expect the pair to move down significantly as long as the pair stays below this level.

GBPUSD.png
 

TriciaWilson

Well-Known Member
NZD/JPY Technical Analysis

~~ The zone of 71.100-200 proves to be a tough nut for the pair.
~~ Despite multiple attempts, the price is unable to break above it.
~~ Further, the price action has formed an evening action star pattern at the resistance zone.
~~ Hence, we expect the pair to be bearish in the near-term.

NZDJPY.png
 

TriciaWilson

Well-Known Member
NZD/USD Technical Analysis

~~ This counter currently trying to form a wedge formation.
~~ Now, it has formed an ascending triangle with in that & broken to move up further.
~~ Hence, we expect that it will be bullish upto the resistance line.

NZDUSD.png
 

TriciaWilson

Well-Known Member
CAD/JPY Technical Analysis
  • The counter has formed a head and shoulder pattern.
  • It has broken the neckline with a strong bearish candle.
  • We expect the neckline to cap the upswing and push it down from here.
cadjpy_analysis.png
 

Mamlo

New Member
USD/CHF Technical Analysis

~~ The counter is currently in sideways consolidation.
~~ It made a false breakout at the lower end of the range and has crept in and now forming a symmetrical triangle pattern.
~~ We expect the triangle to render a bullish breakout and push the price to upper end of the range for now.

View attachment 8238
----- Here we go, let's see how it goes.
USDCHF1.png
 

TriciaWilson

Well-Known Member
AUD/CAD Technical Analysis

~~ The counter is currently trading around a strong resistance zone that triggered a sell-off previously.
~~ According to the wave, it has now completed the ABC correction for the down move it made.
~~ Further, the entire setup looks like a head and shoulder in the higher timeframes.
~~ Hence, we expect the pair to move down from here to the potential supportive trendline marked in the chart and if it is broken, it could trigger a larger sell-off.

AUDCAD.png
 

TriciaWilson

Well-Known Member
USD/JPY Technical Analysis

~~ The counter is currently in a descending channel formation.
~~ It has made an inverted and cup and handle formation within that.
~~ Further, the price is currently hovering around a strong supply zone.
~~ Hence, we expect the pair to be bearish in the short-term.

USDJPY.png
 

TriciaWilson

Well-Known Member
EUR/USD Technical Analysis

~~ This counter has formed a descending channel formation.
~~ It has taken the strong support as resistance & bounce back in downward direction.
~~ Hence, it will be bearish from here.

EURUSD.png
 

TriciaWilson

Well-Known Member
BTC/USD Technical Analysis

~~ BTCUSD pair has been in the bullish movement.
~~ Now, it was consolidating @ 10894 after breaking the symmetrical triangle pattern.
~~ Hence, we are expecting that it will be rebound to the upward movement further in the near term.

BTCUSD.png
 

TriciaWilson

Well-Known Member
USD/JPY Technical Analysis

~~The counter broke the resistance of 105.8 but was unable to sustain above it.
~~ It has then encountered a strong sell-off and has broken a bullish trendline.
~~ Hence, we expect the pair to be bearish in the near-term.

USDJPY.png
 

TriciaWilson

Well-Known Member
AUD/CHF Wave Analysis

~~ As we suggested earlier, the counter is currently in an ABC and has moved down significantly.
~~ Now, it is forming a triangle in the short-term charts.
~~ We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651.


AUDCHF.png
 

TriciaWilson

Well-Known Member
EUR/JPY Technical Analysis

~~ The counter has made a retest of the broken head and shoulder neckline.
~~ It has made the retracement in the form of a bearish flag and has broken down from it.
~~ Further, it has crossed critical support of 123.9 and hence we expect the pair to be bearish in the short-term.

EURJPY.png
 

TriciaWilson

Well-Known Member
NZD/USD Technical Analysis

~~ The counter has formed a double top pattern in the short-term.
~~ Further, it has broken down with a strong bearish candle.
~~ The formation interpreted a solid distribution around 0.667 levels.
~~ Hence, we expect the pair to slide down from here.

NZDUSD.png
 

TriciaWilson

Well-Known Member
BTC/USD Wave Analysis

~~ Bitcoin has been in a bullish correction for the last few days.
~~ The limping move to the upside could be interpreted as wave B.
~~ Now, we expect a wave C move to the downside.

BTCUSD.png
 
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