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Long-term and Short-term Setups

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  • Long-term and Short-term Setups

    Hello Traders, Im a pro with 7+ years of experience in the market. I want to help out retail traders. So, here I post some of my long-term and short-term setups and crisp points of the reasoning and my conclusion. Hope it benefits you.

    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.


  • #2
    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.

    Comment


    • #3
      USD/JPY Technical Analysis

      ~~ USD/JPY made a strong impulse move two weeks before.
      ~~ But the rally fizzled out at the high and since then the pair is retracing its move.
      ~~ Now, it has found support around the 103.7 mark.
      ~~ A move beyond the resistance 104.2 can invite bulls once again in this counter and hence we advise traders to go long as soon as the pair breaks above it.

      Comment


      • #4
        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.

        Comment


        • #5

          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.

          Comment


          • #6

            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.

            Comment


            • #7
              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.

              Comment


              • #8
                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.

                Comment


                • #9
                  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.

                  Comment


                  • #10
                    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.

                    Comment


                    • #11
                      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.

                      Comment


                      • #12
                        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.

                        Comment


                        • #13
                          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.

                          Comment


                          • #14
                            GBP/NZD Technical Analysis

                            ~~ The counter has broken down a head and shoulder pattern.
                            ~~ The pattern is right inclined which portrays extreme negativity in the counter.
                            ~~ Hence, we expect the pair to be bearish in the short-term.

                            Comment


                            • #15
                              USD/CHF Technical Analysis

                              ~~ The counter has been sliding down in a descending channel formation.
                              ~~ It is now consolidating in a bear flag pattern and closing in on the upper parallel.
                              ~~ We expect the pair to find resistance around here and then continue its downside.

                              Comment

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