Long-term and Short-term Setups - Page 4
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Thread: Long-term and Short-term Setups

  1. #31
    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.


  2. #32
    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.


  3. #33
    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.


  4. #34
    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.


  5. #35
    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.


  6. #36
    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.


  7. #37
    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.jpg

  8. #38
    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.


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