Jump to content

Long-term and Short-term Setups


Recommended Posts

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.

 

R7o2R1zJ

Link to comment
Share on other sites

  • Replies 96
  • Created
  • Last Reply

Top Posters In This Topic

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.

 

GzDsqDVG

Link to comment
Share on other sites

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.

 

UC4lvY4z

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...