Long-term and Short-term Setups

TriciaWilson

Active member
123 11
GBP/CHF Technical Analysis
  • The counter is currently in a 3-wave bear cycle.
  • Further, it is currently forming wave B in the form of a bearish flag pattern and is close to the resistance zone.
  • Hence, we expect the pair to find resistance around this area and commence its wave C.
Aug 28_GBPCHF.png
 

TriciaWilson

Active member
123 11
EUR/GBP Technical Analysis

~~ The counter is now on the verge of completing a 3-wave bear cycle.
~~ It is now approaching a strong demand zone which also coincides with the 61.8% retracement of the entire rally.
~~ We expect the pair to kickstart a fresh bull cycle from here.

EURGBP.png
 

TriciaWilson

Active member
123 11
USD/CHF Technical Analysis

~~ The counter has broken off from a falling wedge pattern.
~~ It is now hovering around the broken trendline.
~~ We expect the support zone to arrest any pullback and catapult the prices higher.

USDCHF.png
 

Bottomcatcher

Newbie
5 0
USD/SGD Long-term outlook
usdsgdchart.png


USD/SGD currency pair testing multi-year rising support.

On the 23rd of March this year the USD/SGD currency pair topped out at the 2nd of January 2017 highs (Double Top) and has since declined relentlessly. Now testing multi-year rising (A) and falling wedge support at (1). A good buying opportunity for the long term could present itself above (1) with 1.37300s as a first resistance zone to watch for, followed by 1.38449 and 1.39458 whereby a good selling opportunity could hinder the bulls’ efforts for the short term before the uptrend resumes.

Alternatively, if the bears can breach this dual support zone now in play, and push prices below the January ‘20 lows at 2 (1.34469) we can expect to see an increase in selling pressure forcing prices furthermore to low 133s, followed by 1.31665 and 1.30039 in extension.
 

TriciaWilson

Active member
123 11
AUD/USD Technical Analysis

~~ The counter has been in the declining mode for the last 2 days.
~~ It made an inverse head and shoulder and has broken the neckline.
~~ Further, it has broken the immediate trendline as well.
~~ Hence, we expect the pair to be bullish in the near-term.

AUDUSD ANALYSIS.png
 

TriciaWilson

Active member
123 11
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
 

Bottomcatcher

Newbie
5 0
NZD/AUD BEARS FOCUS ON KEY RESISTANCE (1)
NZD/AUD currency pair struggles to break above twin resistance at (1).

The reliable Monthly support zone which recently became resistance offers some indication that coupled with the descending trend line (1), it’s likely that we will see a pullback for at least the short term. In this scenario, a short position could be taken below the base of the zone (long term support at 2) with stops above (1). Long term sentiment for this pair amongst small speculators is largely bullish, whereas short term sentiment is neutral.

Our signals for this short set-up are at:

Sell at: 9188.0

Stop Loss at: 9216.0

Target at: 9152.0

nzdaudchart.png
 

TriciaWilson

Active member
123 11
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

Active member
123 11
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

Active member
123 11
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

Active member
123 11
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

Active member
123 11
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
 

TriciaWilson

Active member
123 11
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

Active member
123 11
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

Active member
123 11
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
 
 
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