Long-term and Short-term Setups

Live Forex Chart

Currency
Rates
EUR / USD
1.21745
USD / JPY
103.784
GBP / USD
1.36816
USD / CHF
0.88523
USD / CAD
1.27337
EUR / JPY
126.353
AUD / USD
0.77165

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TriciaWilson

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GBP/CHF Technical Analysis
  • The counter is currently in a 3-wave bear cycle.
  • Further, it is currently forming wave B in the form of a bearish flag pattern and is close to the resistance zone.
  • Hence, we expect the pair to find resistance around this area and commence its wave C.


Aug 28_GBPCHF.png
 
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TriciaWilson

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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.

EURGBP.png
 

TriciaWilson

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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.

USDCHF.png
 

TriciaWilson

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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.

AUDUSD ANALYSIS.png
 

TriciaWilson

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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.

EURUSD.png
 

TriciaWilson

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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.

AUDJPY.png
 

TriciaWilson

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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.

GBPUSD.png
 

TriciaWilson

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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.

NZDJPY.png
 

TriciaWilson

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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.

NZDUSD.png
 

TriciaWilson

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CAD/JPY Technical Analysis
  • The counter has formed a head and shoulder pattern.
  • It has broken the neckline with a strong bearish candle.
  • We expect the neckline to cap the upswing and push it down from here.
cadjpy_analysis.png
 
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