Long-term and Short-term Setups


Hello Traders,
I’m 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.

AUD/USD Technical Analysis
~~ The counter has formed a gramophone pattern.
~~ It has hit the upper trendline and is coming down with strong momentum.
~~ We advise traders to go short when the pair breaks the support level of 0.71745 and expect a sell-off to lower trendline.


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freeanalysis
NZD/USD Technical Analysis

~~ The counter is currently is descending channel pattern.
~~ It hit the lower parallel and bounced off with a ascending channel pattern.
~~ Hence, we expect the pair to trade with positive bias in the short-term.



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analysis
USD/CHF Technical Analysis

~~ The counter is currently in sideways consolidation.
~~ It made a false breakout at the lower end of the range and has crept in and now forming a symmetrical triangle pattern.
~~ We expect the triangle to render a bullish breakout and push the price to upper end of the range for now.


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analysis
EUR/GBP Technical Analysis

~~ The counter is currently consolidating in a wedge pattern.
~~ It hit the lower end of the range, formed an exhaustion candle and rose up sharply.
~~ Now, it is sliding to a demand zone where we expect buying activity to resume in the counter.
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eurgbp
EUR/CAD Technical Analysis

* The counter is currently sliding down in a descending channel.
* It hit the upper parallel and is coming down strongly.
* Further, the RSI indicator has formed a head and shoulder pattern.
* Hence, we expect the pair to be bearish in the near-term.



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analysis
NZD/USD Technical Analysis

~~ As suggested earlier, the counter found support at the supportive trendline and bounced off.
~~ Now, it has broken the resistive trendline as well and consolidating just above it.
~~ We expect the pair resume to bull trend and head to the immediate resistance marked in the chart.
~~ The support zone marked in the chart can cap the declines.


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nzdusd
EUR/CHF Technical Analysis

~~ The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro.
~~ Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure.
~~ Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.


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eurchf
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.
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eurgbp
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.
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usdchf
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.


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audusd analysis
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.


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eurusd
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.


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usdjpy