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

CG Sponsors




TriciaWilson

Fun Poster
Joined
Jul 10, 2020
Messages
203
Reaction score
6
Points
15
EUR/USD Wave Analysis

~~ The counter had completed its long-term wave 4 with an ABC correction.
~~ It had bounced off from the lows strongly by crossing the resistance at 1.1706.
~~ Further, if the price sustains at a higher level for the day, it could be interpreted as a morning star formation.
~~ We expect the pair to race away to highs and complete the wave 5.

EURUSD.png
 
Sponsored Post

TriciaWilson

Fun Poster
Joined
Jul 10, 2020
Messages
203
Reaction score
6
Points
15
USD/CAD Wave Analysis

~~ The counter has been consolidating in a sideways correction for the last few days.
~~ It could be interpreted as an ABC correction and the recent down move as wave B
~~ We expect the pair to find support in this zone head higher.

UADCAD.png
 

TriciaWilson

Fun Poster
Joined
Jul 10, 2020
Messages
203
Reaction score
6
Points
15
EUR/CHF Technical Analysis

~~ The counter has formed a dragon pattern.
~~ In a downtrend, it made a 38% retracement from the low and then rendered a false breakout.
~~ Further, it is on the verge of breaking out the trendline (a break validates it).
~~ Hence, we advise traders to be long in the counter once it crosses 1.730.

EURCHF.png
 

TriciaWilson

Fun Poster
Joined
Jul 10, 2020
Messages
203
Reaction score
6
Points
15
USD/CHF Wave Analysis

~~ The counter has been in a downtrend since the start of this year.
~~ The price was consolidating in a narrow for the last few months which could be interpreted as wave 4 of Elliott wave.
~~ Now it is on the brink of rendering a bearish breakout.
~~ We expect it to breakdown and complete wave 5.

USDCHF.png
 

TriciaWilson

Fun Poster
Joined
Jul 10, 2020
Messages
203
Reaction score
6
Points
15
Crude Oil Wave Analysis

~~ The strong upmove from below zero levels in the crude oil was consolidating for the last few months.
~~ It could be interpreted as wave 4 of Elliot wave which also resembles a bullish flag pattern.
~~ We expect the pair to be strongly bullish after it crosses the resistance at 41.90.

crudeoil.png
 

TriciaWilson

Fun Poster
Joined
Jul 10, 2020
Messages
203
Reaction score
6
Points
15
CAD/CHF Technical Analysis

~~ The counter has consolidated and formed a base at the lower.
~~ It could be interpreted as multiple inverted and shoulder patterns.
~~ Now, the pattern has broken out and hence we expect the pair to be bullish in the short-term.

CADCHF.png
 

TriciaWilson

Fun Poster
Joined
Jul 10, 2020
Messages
203
Reaction score
6
Points
15
EUR/USD Technical Analysis
  • The hope (virus cure) rally has fizzled out.
  • The pair hit the rang top, formed a head and shoulder pattern, and has broken down now.
  • We expect the pair to hit the lower end of the range in the next few sessions.
 

Attachments

TriciaWilson

Fun Poster
Joined
Jul 10, 2020
Messages
203
Reaction score
6
Points
15
GBP/JPY Technical Analysis

~~ The counter has been consolidating within a bearish flag pattern after the deep slide.
~~ It hit the upper parallel of the pattern and then made a strong sell-off.
~~ We expect the pair to move lower and break down in the short-term.


GBPJPY.png
 

TriciaWilson

Fun Poster
Joined
Jul 10, 2020
Messages
203
Reaction score
6
Points
15
EUR/AUD Wave Analysis

~~ The counter is correcting in an ABCDE formation.
~~ It has completed wave D and is taking support at the trendline.
~~ We expect the pair to move higher to complete wave E.

EURAUD.png
 

TriciaWilson

Fun Poster
Joined
Jul 10, 2020
Messages
203
Reaction score
6
Points
15
NZD/USD Wave Analysis

~~ The counter has completed a 5-wave bull cycle.
~~ It is now poised to make an ABC correction and break below the support 0.68655 validates it.
~~ Hence, we advise traders to go short after the support breaks.


NZDUSD.png
 
Sponsored Post
Top
Log in Register