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Forex Long-term and Short-term Setups

Discussion in 'Forex Forum' started by TriciaWilson, Jul 24, 2020.

  1. TriciaWilson

    TriciaWilson Member

    Joined:
    Jul 23, 2020
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    Location:
    USA
    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.
     

    Attached Files:

  2. TriciaWilson

    TriciaWilson Member

    Joined:
    Jul 23, 2020
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    Location:
    USA
    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
     
  3. TriciaWilson

    TriciaWilson Member

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    Location:
    USA
    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.
     

    Attached Files:

  4. TriciaWilson

    TriciaWilson Member

    Joined:
    Jul 23, 2020
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    Location:
    USA
    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.
     

    Attached Files:


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