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Long-term and Short-term Setups

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.
 

Attachments

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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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Attachments

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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.

analysis.png
 
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.
 

Attachments

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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.

 

Attachments

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GBP/CHF Technical Analysis
  • The counter is currently in a 3-wave bear cycle.
  • Further, it is currently forming wave B in the form of a bearish flag pattern and is close to the resistance zone.
  • Hence, we expect the pair to find resistance around this area and commence its wave C.
Aug 28_GBPCHF.png
 
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.
 

Attachments

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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.
 

Attachments

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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.
 

Attachments

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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.
 

Attachments

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AUD/JPY Technical Analysis

~~ AUD/JPY has bounced off from a supportive trendline.
~~ However, the recent fall has depleted the bullish momentum in the counter its now in a rising wedge formation.
~~ We expect the pair to move to trade with bullish bias.
 

Attachments

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GBP/USD Technical Analysis

~~ The counter's dynamics have changed drastically this week.
~~ It turned bearish abruptly due to the risk of no-deal Brexit.
~~ And there has been a significant amount of longs trapped.
~~ It broke the support of 1.30100 which is now capping the rally.
~~ We expect the pair to move down significantly as long as the pair stays below this level.
 

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NZD/JPY Technical Analysis

~~ The zone of 71.100-200 proves to be a tough nut for the pair.
~~ Despite multiple attempts, the price is unable to break above it.
~~ Further, the price action has formed an evening action star pattern at the resistance zone.
~~ Hence, we expect the pair to be bearish in the near-term.
 

Attachments

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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.
 

Attachments

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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
 
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.
 

Attachments

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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.
 

Attachments

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EUR/USD Technical Analysis

~~ This counter has formed a descending channel formation.
~~ It has taken the strong support as resistance & bounce back in downward direction.
~~ Hence, it will be bearish from here.

 

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BTC/USD Technical Analysis

~~ BTCUSD pair has been in the bullish movement.
~~ Now, it was consolidating @ 10894 after breaking the symmetrical triangle pattern.
~~ Hence, we are expecting that it will be rebound to the upward movement further in the near term.
 

Attachments

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USD/JPY Technical Analysis

~~The counter broke the resistance of 105.8 but was unable to sustain above it.
~~ It has then encountered a strong sell-off and has broken a bullish trendline.
~~ Hence, we expect the pair to be bearish in the near-term.
 

Attachments

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