• Welcome to your Forex Forum - share your currency trading news & tips!
    Sign up Log in

Long-term and Short-term Setups

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.

USDCHF.png
 
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.

AUDUSD ANALYSIS.png
 
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.

EURUSD.png
 
If you want to know about forex, you can create a demo account under a broker. But remember one thing broker is an important part of the trading. Good broker can give you all the ways of trading and you can easily trade with that demo account. It will help you to know about the forex market practically. When I started to trade, I also opened a demo account under Tpglobalfx. They can give opportunity to put any amount you want to invest in the market in your demo account. you can manually set the spreads and leverage in their demo account. It helped me a lot to know briefly about the forex market technically and practically.
 
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.

AUDJPY.png
 
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.

GBPUSD.png
 
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.

NZDJPY.png
 
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.

NZDUSD.png
 
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.

AUDCAD.png
 
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.

USDJPY.png
 
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.

EURUSD.png
 
In the biggest online earning or foreign currency exchange market following proper steps like learning and hard work are the most common and necessary. Without following the market rules there is no way to become successful. There are many ways to get educated from uneducated at the beginning of the currency market.
I am one of the experienced clients of Forex4you trading Company and I can proudly say that this broker is the best and perfect guider for any type of Forex traders. They have exclusive learning sessions in their platform which really helps the Forex traders to acquire good trading knowledge. They even provide non-stop customer service by 24/7 so that the traders can easily get any type of trading solution.
 
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.

BTCUSD.png
 
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.

USDJPY.png
 
AUD/CHF Wave Analysis

~~ As we suggested earlier, the counter is currently in an ABC and has moved down significantly.
~~ Now, it is forming a triangle in the short-term charts.
~~ We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651.

AUDCHF.png
 
EUR/JPY Technical Analysis

~~ The counter has made a retest of the broken head and shoulder neckline.
~~ It has made the retracement in the form of a bearish flag and has broken down from it.
~~ Further, it has crossed critical support of 123.9 and hence we expect the pair to be bearish in the short-term.

EURJPY.png
 
NZD/USD Technical Analysis

~~ The counter has formed a double top pattern in the short-term.
~~ Further, it has broken down with a strong bearish candle.
~~ The formation interpreted a solid distribution around 0.667 levels.
~~ Hence, we expect the pair to slide down from here.

NZDUSD.png
 
BTC/USD Wave Analysis

~~ Bitcoin has been in a bullish correction for the last few days.
~~ The limping move to the upside could be interpreted as wave B.
~~ Now, we expect a wave C move to the downside.

BTCUSD.png
 
EUR/USD Wave Analysis

~~ The counter is currently forming an ABC correction.
~~ It is now in its second leg which is of the wxy wave form.
~~ Now, the pair is making a bullish move to complete the wave y and hence we expect the pair to be bullish in the near-term.

EURUSD.png
 
Top