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Who’s ready to take long-term setups?

If you are, then you won’t want to miss EUR/JPY, EUR/CAD, and Nasdaq’s charts!

Check out their daily time frame setups and see if you can make your first profits this week:

EUR/JPY: Daily

EUR/JPY Daily Forex Chart

EUR/JPY Daily Forex Chart

Missed EUR/JPY’s ascending channel support bounce at the end of December?

You’ll have your chance to jump on a months-long uptrend this week as the pair returns to the daily chart’s 200 SMA.

As you can see, the dynamic support line is also just above the channel support on the chart.

EUR/JPY buyers can start scaling in at current levels and target previous areas of interest like the 145.20 mid-channel zone or the 150.00 previous resistance area.

Of course, EUR bears can also take advantage of EUR’s bearish momentum and wait for an actual bounce before taking advantage of EUR/JPY’s uptrend.

EUR/CAD: Daily

EUR/CAD Daily Forex Chart

EUR/CAD Daily Forex Chart

EUR/CAD finished strongly in 2022, breaking out of a trend line resistance in November before shooting up to the 1.4500 psychological handle.

But are EUR/CAD bulls running out of steam?

Take note that 1.4500 lines up with the 50% Fibonacci retracement of 2021’s downswing. A bounce lower from the level could send EUR/CAD down to the 1.4000 inflection point if not the 1.3500 previous area of interest.

Don’t discount further upside moves though! The 100 has crossed above the 200 SMA and hinted of a trend change while the shorter time frames support a consolidation before another leg higher.

Keep an eye out for an upside breakout that could take EUR/CAD to the 1.5000 area of interest!

Nasdaq 100 (NAS100): Daily

Nasdaq 100 (NAS100) Daily Chart

Nasdaq 100 (NAS100) Daily Chart

I spy with my eye a support zone holding for a third time in months!

The Nasdaq 100 equity index is finding enough support at the 10,650 area after a bounce in October and in November.

Will the support hold for another day? Or is third time the charm for NAS100 bears?

Stochastic is on the buyers’ side with an “oversold” signal while the latest candlesticks point to lower selling interest.

A clear bounce from the level could bump NAS100 back to the 11,500 trend line and 100 SMA resistance zone.

A lack of bullish momentum, however, could keep the Nasdaq at its current levels or even back to 10,500 before finding its next direction.

What do you think? Which way will the equity index go in the next few weeks?