Long-term and Short-term Setups - Page 2
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Thread: Long-term and Short-term Setups

  1. #11
    EUR/USD Technical Analysis
    ~~ EUR/USD is currently in a corrective consolidation.
    ~~ It has completed the waves A and B and is now due for wave C.
    ~~ Further, the resistance of 1.19 proves to be a tough nut for the bulls and hence we expect the pair to retreat to the support.



    freeanalysis.jpg

  2. #12
    AUD/USD Technical Analysis
    ~~ The counter has formed a gramophone pattern.
    ~~ It has hit the upper trendline and is coming down with strong momentum.
    ~~ We advise traders to go short when the pair breaks the support level of 0.71745 and expect a sell-off to lower trendline.

    freeanalysis.jpg

  3. #13
    NZD/USD Technical Analysis
    ~~ The resistance zone of 0.668-0.67 has been a tough nut for NZD/USD.
    ~~ It failed to cross it despite three valiant efforts and the one time it crossed it was rejected at higher levels.
    ~~ So, the bulls are running for cover and we expect the pair to head down to lower levels in search of support.

    freeanalysis.jpg

  4. #14
    CAD/JPY Technical Analysis
    ~~ The counter has recovered from the lows with a strong V-shaped rally.
    ~~ It has now crossed a critical resistance level of 80.162.
    ~~ The structure resembles a bearish shark pattern and we expect the pair to rally to the completion zone for now.

    freeanalysis.jpg

  5. #15
    EUR/USD Technical Analysis
    ~~ The counter has been rising sharply from the low.
    ~~ The entire structure looks like a bearish cypher pattern.
    ~~ We expect the pair to face resistance at the reversal zone marked in the chart and move back to support level.

    freeanalysis.jpg

  6. #16
    GBP/USD Technical Analysis

    ~~ The counter is forming a descending triangle at the high.
    ~~ It made a fake-out at the resistive trendline and then sold off only to form a bearish flag pattern in the near-term.
    ~~ We expect the bearish flag to break down and the price to move to the short-term support zone.

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  7. #17
    AUD/USD Technical Analysis

    ~~ As we mentioned earlier, AUD/USD has formed a gramophone pattern.
    ~~It has now formed an inverted head and shoulder pattern the supportive trendline and has broken out.
    ~~ And the RSI indicator has also replicated the same pattern, which validates the strength in the counter.
    ~~ Further, the prices are now trading above a strong support level of 0.71727.
    ~~ Hence, we expect the pair to be bullish from here on.

    free analysis.jpg

  8. #18
    USD/CAD Technical Analysis

    ~~ The counter has been trading with a bearish bias for long.
    ~~ The down move can be plotted with a pitchfork and the pair is making its last leg of the move down.
    ~~ Hence, we advise traders to go long at the lower parallel.
    ~~ And the upswing has a great chance to break the upper end of the range.

    freeanalysis.jpg

  9. #19
    EUR/USD Technical Analysis

    ~~ The counter has made a bullish breakout from the consolidation.
    ~~ It is now taking support and broken resistance, which is a powerful sign.
    ~~ Further, the consolidation can be interpreted as wave 4 and it is gonna make a move to wave 5.
    ~~ Hence, we expect the pair to be bullish in the near-term


    freeanalysis.jpg

  10. #20
    GBP/NZD Technical Analysis

    ~~ The counter has formed a topping out formation in the near-term.
    ~~ It made a double top and has broken a key support level of 1.99508.
    ~~ Further, the round number of 2.00 can act as psychological barrier in the near-term.
    ~~ Though a pullback to the top cannot be ruled out, we still expect the pair to be bearish in the near-term.


    freeanalysis.jpg

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