Tricia Wilson

USD/CAD Wave Analysis
 
~~ The counter has been consolidating in a sideways correction for the last few days.
~~ It could be interpreted as an ABC correction and the recent down move as wave B
~~ We expect the pair to find support in this zone head higher.
 

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.
 

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.
 
 
 

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.
 

USD/CHF Technical Analysis
~~ The counter is currently in sideways consolidation mode.
~~ It is currently in its lower end of the range and the short-term indicators show signs of oversold condition.
~~ Further, the wave interpretation deems a wave C move to the upper end of the range.
~~ Hence, we expect the pair to be bullish in the near-term.
 

NZD/USD Technical Analysis
~~ The counter has broken down two critical supports.
~~ One- price action support level of 0.66128.
~~ Two- Bullish Trendline.
~~ It indicates the counter has changed its short-term to bearish and we advise traders to go short.
 
 

EUR/CHF Wave Analysis
~~ The counter has completed a bear cycle and is due for a correction.
~~ It formed an inverted head and shoulder pattern in the lower timeframes and has broken out.
~~ Hence, we expect the counter to be bullish in the near-term.
 

EUR/USD Technical Analysis
 
~~ The counter is in a strong bull trend.
~~ It consolidated for a brief period within a bullish flag and now has broken out.
~~ Further, it has formed an inverted head and shoulder pattern within the flag which indicates the absorption of selling pressure.
~~ Hence, we expect the counter to remain bullish in the short and near-term.
 

GBP/USD Wave Analysis
 
~~ The counter is currently in a short-term bull run.
~~ It is now consolidating within ranges to form wave 4.
~~ We expect the pair to move to the support zone (marked in the chart) and then head higher.
 
 

EUR/AUD Technical Analysis
~~ The counter has broken two strong resistances back to back.
~~ One- bearish trendline.
~~ Two- Price resistance at 1.64427.
~~ It is having strong momentum and hence we expect it to reach higher levels sooner.
 

EUR/USD Technical Analysis

~~ The counter is currently in a strong bull run.
~~ It is forming a parabolic pattern, which suggests further strong upmove is on the cards.
~~ Also, the pair is forming a bullish pennant pattern in the short-term charts.
~~ We expect it to surge sharply higher for the day.
 

AUD/NZD Wave Analysis
 
** The counter is currently in a long-term bear cycle.
** It is currently in its second leg of wave B.
** Further, it resembles a flag formation and is coming down after hitting the upper parallel.
** Hence, we expect the pair to be bearish and move to the lower parallel from here.
 

USD/JPY Technical Analysis
~~ The counter is currently at the strong support of a trendline, which could be contemplated as triangle pattern.
~~ According to the short-term waves, the counter has completed wave B of a bear cycle and is due for a wave C.
~~ Hence, we expect the pair to be bullish and head to higher to levels.
 

EUR/CAD Technical Analysis
 
~~ The counter has been formed a long base formation.
~~ Further, it could be interpreted as a correction after a strong impulse move.
~~ It has crossed the critical resistance level of 1.55279 and is consolidating above it.
~~ And the MACD indicator has turned bullish and is having good momentum.
~~ Hence, we expect the pair to be bullish in the short-term trading.
 

EUR/JPY Technical Analysis
 
~~ The pair did a long accumulation in the form of an inverted head and shoulder pattern.
~~ It finally broke out and has been consolidating in an ascending triangle (continuation) pattern since then.
~~ Hence, we expect the pair to have a strong bull run when it breaks the resistance level of 122.5.
 
https://www.tradingview.com/x/LjfZdNVr/

GBP/JPY Wave Analysis
 
~~ After a strong bull run, the counter is currently in corrective (ABC) mode.
~~ It has completed wave A and is forming its final leg of wave B.
~~ It is now up against a resistive trendline and a break above it can take it higher.
~~ Hence, we advise traders to initiate long positions only when an hourly candle closes above the trendline.

EUR/GBP Wave Analysis

~ After dismal data from Britain, EUR/GBP was off to the flyers yesterday.
~ It could be interpreted as a wave pattern and is now forming wave 4.
~ Further, it is close to a congestion zone which could act as strong support.
~ Hence, we expect the pair to be bullish in the near-term.
 

Hello Traders,
I’m a pro with 7+ years of experience in the market. I want to help out retail traders. So, here I post some of my long-term and short-term setups and crisp points of the reasoning and my conclusion. Hope it benefits you.

AUD/NZD Wave Analysis
 
** The counter is currently in a long-term bear cycle.
** It is currently in its second leg of wave B.
** Further, it resembles a flag formation and is coming down after hitting the upper parallel.
** Hence, we expect the pair to be bearish and move to the lower parallel from here.
 

EUR/CAD Technical Analysis
 
~~ The counter has been formed a long base formation.
~~ Further, it could be interpreted as a correction after a strong impulse move.
~~ It has crossed the critical resistance level of 1.55279 and is consolidating above it.
~~ And the MACD indicator has turned bullish and is having good momentum.
~~ Hence, we expect the pair to be bullish in the short-term trading.