Long-term and Short-term Setups

[TriciaWilson]

USD/CHF Technical Analysis
~~ The counter has found support at the lows.
~~ It is forming a base in the form of an inverted head and shoulder pattern.
~~ We expect the pair to soar when it crosses above the neckline. Hence, buy only above 0.89200.

 

[TriciaWilson]

EUR/USD Wave Analysis

~~ The counter is currently in a 3-wave bear cycle.
~~ Now, it has completed its wave B and is poised to commence its wave C.
~~ The engulfing bearish candle has marked the beginning of wave C and hence we expect the pair to be bearish in the near-term.

 

[TriciaWilson]

EUR/JPY Technical Analysis
~~ The counter has broken out of the critical resistance of 126.8-127.
~~ Further, it has broken out after strong consolidation in the form of flag patterns in price action and RSI indicator.
~~ Hence, we expect the breakout to sustain and catapult the prices higher.

 

[TriciaWilson]

GBP/USD Technical Analysis

~~ GBP/USD is forming an ascending triangle pattern in the short-term charts.
~~ Further, the continuation pattern has been formed after a breakout in the long-term charts.
~~ Hence, we expect the pair to be bullish in the short-term.