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Long-term and Short-term Setups

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  • #76
    EUR/GBP Technical Analysis

    ~~ The counter has been in a steady decline for the last 3 months.
    ~~ Now, it has hit a strong support level which could trigger some profit booking.
    ~~ Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone.
    ~~ Hence, we expect the pair to be bullish in the short-term.

    Comment


    • #77
      AUD/CHF Wave Analysis

      ~~ The counter has been in a 5-wave bull cycle.
      ~~ Now, it is in the wave 4 phase which results in a bearish correction.
      ~~ Hence, we expect the pair to be bearish in the near-term.

      Comment


      • #78
        AUD/NZD Technical Analysis

        ~~ The counter has been on a selling spree for the last 3 months.
        ~~ Now, it has broken down a critical support level of 1.05620 and retested it, validating the breakdown.
        ~~ Hence, we expect the pair to weaken further from here.

        Comment


        • #79
          USD/CAD Technical Analysis

          ~~ The counter is currently hovering around long-term support of 1.3000.
          ~~ Though the price action has been able to marginally breakdown, it is not able to follow through.
          ~~ Further, the stochastic indicator has made a bullish crossover from the oversold zone in the 8-h chart.
          ~~ Hence, we expect the bulls to push the pair to higher levels from here.

          Comment


          • #80
            NZD/USD Technical Analysis
            ~~ The counter has been in a strong uptrend in the long-term charts.
            ~~ In the short-term charts, it is moving up in an ascending channel.
            ~~ Further, it is currently at the lower parallel and hence it's a good time to go long.

            Comment


            • #81
              EUR/AUD Technical Analysis
              ~~ The counter is currently in a bearish flag formation.
              ~~ It has formed a good base at the lower parallel and is ripe for a rally.
              ~~ Hence, we expect the pair to be bullish and move to the upper parallel from here.

              Comment


              • #82
                Thanks for these analysis

                Comment


                • #83
                  GBP/JPY Technical Analysis
                  ~~ The counter has been in an ascending triangle formation.
                  ~~ Now, the range is narrowing and the pair is in a make or break situation.
                  ~~ We expect the pair to render a bullish breakout, however, we advise traders to go long only above 140.341.


                  Comment


                  • #84
                    GBP/CAD Technical Analysis

                    ~~ As we suggested earlier in our premium analysis, the counter has formed a bearish flag formation.
                    ~~ It has now broken down with a strong volume candle.
                    ~~ Hence, we expect the pair to move down to lower support levels.

                    Comment


                    • #85
                      EUR/JPY Wave Analysis

                      ~~ The counter is currently in a short-term bull cycle.
                      ~~ It is now in a consolidation phase which could be termed as wave 4.
                      ~~ We expect the pair to surge to the high to complete wave 5.

                      Comment


                      • #86
                        EUR/USD Technical Analysis

                        ~~ The counter is currently forming a bullish flag pattern.
                        ~~ It is now sliding down to the support zone placed around 1.2000.
                        ~~ The support zone presents a good buying opportunity, however, if you are a risk-averse trader, we advise you to go long after it crosses the resistance at 1.21322.

                        Comment


                        • #87
                          GBP/NZD Technical Analysis

                          ~~ The counter has broken down a head and shoulder pattern.
                          ~~ The pattern is right inclined which portrays extreme negativity in the counter.
                          ~~ Hence, we expect the pair to be bearish in the short-term.

                          Comment


                          • #88
                            -------------
                            Last edited by RichardGere; 15-12-20, 13:04. Reason: Asked a question but no response.

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                            • #89
                              Interesting perspective, thanks for sharing

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                              • #90
                                USD/CHF Technical Analysis

                                ~~ The counter has been sliding down in a descending channel formation.
                                ~~ It is now consolidating in a bear flag pattern and closing in on the upper parallel.
                                ~~ We expect the pair to find resistance around here and then continue its downside.

                                Comment

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