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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

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    USD/CAD Technical Analysis

    ~~ The counter has bounced off strongly from the support 1.31, after trapping the bears with a fakeout.
    ~~ Now, it has taken down a bearish trendline as well.
    ~~Hence, we expect the pair to be bullish in the short-term.

     

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  2. TriciaWilson

    TriciaWilson Member

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    CHF/JPY Wave Analysis

    ~~ After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase.
    ~~ It is now at a strong price action support zone and at the final stage of wave A.
    ~~ Hence, we expect the pair to be bullish in the near-term.
     

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  3. TriciaWilson

    TriciaWilson Member

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    NZD/USD Technical Analysis

    ~~The counter was in a consolidation phase after a solid down move.
    ~~ The consolidation resembles a bearish flag pattern.
    ~~ Further, the entire setup could be interpreted as a head and shoulder pattern.
    ~~ Hence, we expect the pair to be bearish in the near-term.
     

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  4. TriciaWilson

    TriciaWilson Member

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    EUR/USD Technical Analysis
    ~~ As we suggested earlier the counter is in an ABC correction and pushed down at the resistance zone.
    ~~Now, the bearish flag formation has also broken down, validating the wave C.
    ~~ Hence, we expect the pair to be bearish in the short-term.

     

    Attached Files:

  5. TriciaWilson

    TriciaWilson Member

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    AUD/JPY Wave Analysis

    ~~The counter is currently in a long-term corrective ABC structure.
    ~~ It has completed wave A and is consolidating in a box structure at the low.
    ~~ We expect it to break upside and move to form wave B.

     

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  6. TriciaWilson

    TriciaWilson Member

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    EUR/GBP Technical Analysis

    ~~ The upside movement of the pair is capped by a bearish trendline.
    ~~ It attempted a breakout but fizzled out and the price action has formed an H&S pattern instead.
    ~~ Hence, we expect the pair to be bearish in the near-term.
     

    Attached Files:

  7. TriciaWilson

    TriciaWilson Member

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    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.
     

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  8. TriciaWilson

    TriciaWilson Member

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    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.
     

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  9. TriciaWilson

    TriciaWilson Member

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    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.
     

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  10. TriciaWilson

    TriciaWilson Member

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    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.
     

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  11. TriciaWilson

    TriciaWilson Member

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    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.
     

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  12. TriciaWilson

    TriciaWilson Member

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    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.
     

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  13. TriciaWilson

    TriciaWilson Member

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    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.

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  14. TriciaWilson

    TriciaWilson Member

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    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.

     

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  15. TriciaWilson

    TriciaWilson Member

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    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.
     

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  16. TriciaWilson

    TriciaWilson Member

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    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.

     

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  17. TriciaWilson

    TriciaWilson Member

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    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.

     

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  18. TriciaWilson

    TriciaWilson Member

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    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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  19. TriciaWilson

    TriciaWilson Member

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    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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  20. TriciaWilson

    TriciaWilson Member

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    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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