USOIL BEARS WILL DOMINATE THE MARKET|SHORT
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USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 68.35 area.
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EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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We are going short on the EUR/CHF with the target of 0.929 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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SILVER BULLS ARE GAINING STRENGTH|LONG
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We are now examining the SILVER pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 31.708 level.
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EUR/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
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The BB upper band is nearby so EUR-NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.802.
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USOIL BEARISH BIAS RIGHT NOW| SHORT
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Bearish trend on USOIL, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 67.02.
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EUR/JPY BEST PLACE TO SELL FROM|SHORT
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EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 160.417 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/JPY pair.
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GOLD BEARS ARE STRONG HERE|SHORT
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GOLD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,606.670 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/CAD SHORT FROM RESISTANCE
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EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.478 area.
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USD/CHF BULLS WILL DOMINATE THE MARKET|LONG
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We are targeting the 0.888 level area with our long trade on USD/CHF which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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SILVER BEARS ARE GAINING STRENGTH|SHORT
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It makes sense for us to go short on SILVER right now from the resistance line above with the target of 29.057 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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AUD/USD BUYERS WILL DOMINATE THE MARKET|LONG
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Previous week’s red candle means that for us the AUD/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 0.639.
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BITCOIN BEARISH BIAS RIGHT NOW| SHORT
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BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 92,876 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the BITCOIN pair.
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NZD/USD BEST PLACE TO BUY FROM|LONG
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NZD/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 12H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.575 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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USD/CAD BEARS ARE STRONG HERE|SHORT
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USD/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.418 area.
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USOIL LONG FROM SUPPORT
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We are going long on the USOIL with the target of 70.67 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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GBP/USD BULLS WILL DOMINATE THE MARKET|LONG
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GBP/USD is making a bearish pullback on the 6H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.262 level.
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EUR/USD SENDS CLEAR BULLISH SIGNALS|LONG
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It makes sense for us to go long on EUR/USD right now from the support line below with the target of 1.059 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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CAD/JPY BEARS ARE GAINING STRENGTH|SHORT
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Bearish trend on CAD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 107.832.
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GOLD BUYERS WILL DOMINATE THE MARKET|LONG
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GOLD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 2,698.246 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the GOLD pair.
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AUD/JPY BEARISH BIAS RIGHT NOW| SHORT
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AUD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 95.787 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZD/JPY BEST PLACE TO SELL FROM|SHORT
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NZD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 86.825 area.
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CHF/JPY BEARS ARE STRONG HERE|SHORT
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We are going short on the CHF/JPY with the target of 171.362 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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