Long-term and Short-term Setups

[Tricia Wilson]

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.

 

 

[Tricia Wilson]

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.

 

 

[Tricia Wilson]

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.

 

[Tricia Wilson]

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.

 

 

 

[Tricia Wilson]

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.

 

[Tricia Wilson]

EUR/GBP Technical Analysis

 

~~ The counter is currently consolidating in a wedge pattern.

~~ It hit the lower end of the range, formed an exhaustion candle and rose up sharply.

~~ Now, it is sliding to a demand zone where we expect buying activity to resume in the counter.

 

[Tricia Wilson]

EUR/CAD Technical Analysis

* The counter is currently sliding down in a descending channel.

* It hit the upper parallel and is coming down strongly.

* Further, the RSI indicator has formed a head and shoulder pattern.

* Hence, we expect the pair to be bearish in the near-term.

 

[Tricia Wilson]

NZD/USD Technical Analysis

 

~~ As suggested earlier, the counter found support at the supportive trendline and bounced off.

~~ Now, it has broken the resistive trendline as well and consolidating just above it.

~~ We expect the pair resume to bull trend and head to the immediate resistance marked in the chart.

~~ The support zone marked in the chart can cap the declines.

 

 

[Tricia Wilson]

EUR/CHF Technical Analysis

 

~~ The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro.

~~ Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure.

~~ Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.

 

[Tricia Wilson]

EUR/GBP Technical Analysis

 

~~ The counter is now on the verge of completing a 3-wave bear cycle.

~~ It is now approaching a strong demand zone which also coincides with the 61.8% retracement of the entire rally.

~~ We expect the pair to kickstart a fresh bull cycle from here.

 

[Tricia Wilson]

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.

 

[Tricia Wilson]

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.

 

[Tricia Wilson]

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.

 

[Tricia Wilson]

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.

 

[Tricia Wilson]

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.

 

[Tricia Wilson]

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.

 

[Tricia Wilson]

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.

 

https://www.tradingview.com/x/ADpRWz2E/

[Tricia Wilson]

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.

 

[Tricia Wilson]

USD/JPY Technical Analysis

 

~~ The counter is currently in a descending channel formation.

~~ It has made an inverted and cup and handle formation within that.

~~ Further, the price is currently hovering around a strong supply zone.

~~ Hence, we expect the pair to be bearish in the short-term.

 

[Tricia Wilson]

EUR/USD Technical Analysis

 

~~ This counter has formed a descending channel formation.

~~ It has taken the strong support as resistance & bounce back in downward direction.

~~ Hence, it will be bearish from here.

 

[Tricia Wilson]

BTC/USD Technical Analysis

 

~~ BTCUSD pair has been in the bullish movement.

~~ Now, it was consolidating @ 10894 after breaking the symmetrical triangle pattern.

~~ Hence, we are expecting that it will be rebound to the upward movement further in the near term.

 

 

[Tricia Wilson]

USD/JPY Technical Analysis

~~The counter broke the resistance of 105.8 but was unable to sustain above it.

~~ It has then encountered a strong sell-off and has broken a bullish trendline.

~~ Hence, we expect the pair to be bearish in the near-term.

 

[Tricia Wilson]

AUD/CHF Wave Analysis

 

~~ As we suggested earlier, the counter is currently in an ABC and has moved down significantly.

~~ Now, it is forming a triangle in the short-term charts.

~~ We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651.

 

[Tricia Wilson]

EUR/JPY Technical Analysis

 

~~ The counter has made a retest of the broken head and shoulder neckline.

~~ It has made the retracement in the form of a bearish flag and has broken down from it.

~~ Further, it has crossed critical support of 123.9 and hence we expect the pair to be bearish in the short-term.

 

[Tricia Wilson]

NZD/USD Technical Analysis

 

~~ The counter has formed a double top pattern in the short-term.

~~ Further, it has broken down with a strong bearish candle.

~~ The formation interpreted a solid distribution around 0.667 levels.

~~ Hence, we expect the pair to slide down from here.