Announcement

Collapse
No announcement yet.

Long-term and Short-term Setups

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #16
    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.

    Comment


    • #17
      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.



      Comment


      • #18
        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.

        Comment


        • #19
          Thanks for analysis

          Comment


          • #20
            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.

            Comment


            • #21
              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.


              Comment


              • #22
                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.


                Comment


                • #23
                  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.


                  Comment


                  • #24
                    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.

                    Comment


                    • #25
                      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

                      Comment


                      • #26
                        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.


                        Comment


                        • #27
                          NZD/JPY Wave Analysis

                          ~~ The counter is currently formed a flat ABC corrective wave.
                          ~~ It broke out from a bear flag pattern, tested the broken support, and is now coming down with strong momentum.
                          ~~ Hence, we expect the pair to be bearish in the near-term.


                          Comment


                          • #28
                            EUR/JPY Technical Analysis

                            ~~ The counter had multiple supports- trendline, bullish flag support and price action support.
                            ~~ But it has broken all the levels and bulls are trapped big time.
                            ~~ Hence, we expect some long unwinding move in the counter.

                            Comment


                            • #29
                              NZD/USD Technical Analysis

                              ~~ The counter is currently is descending channel pattern.
                              ~~ It hit the lower parallel and bounced off with a ascending channel pattern.
                              ~~ Hence, we expect the pair to trade with positive bias in the short-term.



                              Comment


                              • #30
                                USD/CHF Technical Analysis

                                ~~ The counter is currently in sideways consolidation.
                                ~~ It made a false breakout at the lower end of the range and has crept in and now forming a symmetrical triangle pattern.
                                ~~ We expect the triangle to render a bullish breakout and push the price to upper end of the range for now.

                                Comment

                                Top Active Users

                                Collapse

                                There are no top active users.
                                Working...
                                X