Long-term and Short-term Setups

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Re: Long-term and Short-term Setups

Postby TriciaWilson » Tue Nov 24, 2020 8:58 am

USD/CHF Technical Analysis

~~ The counter has been coiling within a 300 pip range.
~~ Now, it is at the lower end of the range and taking support.
~~ We expect the pair to head higher to the upper end of the range.


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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Wed Nov 25, 2020 8:40 am

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.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Thu Nov 26, 2020 9:07 am

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.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Mon Nov 30, 2020 7:03 am

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.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Tue Dec 01, 2020 8:39 am

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.


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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Wed Dec 02, 2020 8:47 am

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.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Thu Dec 03, 2020 9:07 am

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.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Fri Dec 04, 2020 8:12 am

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.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Mon Dec 07, 2020 5:21 am

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.

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TriciaWilson
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Re: Long-term and Short-term Setups

Postby TriciaWilson » Tue Dec 08, 2020 8:24 am

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.

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