GBP/CAD BULLS ARE GAINING STRENGTH|LONG
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We are going long on the GBP/CAD with the target of 1.782 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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EUR/AUD BEARS ARE STRONG HERE|SHORT
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EUR-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.699 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/AUD pair.
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GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
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The BB upper band is nearby so GBP-AUD 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 1.926.
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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
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We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2,381.890 level.
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GBP/USD SELLERS WILL DOMINATE THE MARKET|SHORT
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It makes sense for us to go short on GBP/USD right now from the resistance line above with the target of 1.274 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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USD/CAD BEARS ARE GAINING STRENGTH|SHORT
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We are now examining the USD/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.378 level.
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USOIL SENDS CLEAR BULLISH SIGNALS|LONG
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We are going long on the USOIL with the target of 78.81 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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SILVER SHORT FROM RESISTANCE
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SILVER pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 7H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 27.248 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/USD BULLS WILL DOMINATE THE MARKET|LONG
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AUD/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.663 area.
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CHF/JPY LONG FROM SUPPORT
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CHF/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 175.610 area.
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SILVER BEARISH BIAS RIGHT NOW| SHORT
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Bearish trend on SILVER, 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 27.268.
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GBP/NZD BULLS ARE GAINING STRENGTH|LONG
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It makes sense for us to go long on GBP/NZD right now from the support line below with the target of 2.191 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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USD/JPY BEST PLACE TO BUY FROM|LONG
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USD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 153.539 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 USD/JPY pair.
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CAD/CHF BULLS ARE STRONG HERE|LONG
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CAD/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.646 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
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We are targeting the 74.35 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
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We are going short on the EUR/CAD with the target of 1.480 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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GOLD BEARISH BIAS RIGHT NOW| SHORT
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GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H 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 2,377.524 area.
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AUD/CHF SENDS CLEAR BULLISH SIGNALS|LONG
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We are now examining the AUD/CHF 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 0.592 level.
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GBP/CHF BUYERS WILL DOMINATE THE MARKET|LONG
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Previous week’s red candle means that for us the GBP/CHF 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 1.142.
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EUR/GBP SHORT FROM RESISTANCE
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We are going short on the EUR/GBP with the target of 0.837 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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USOIL BULLS ARE GAINING STRENGTH|LONG
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USOIL downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 80.33 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 USOIL pair.
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AUD/JPY BEARISH BIAS RIGHT NOW| SHORT
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We are going short on the AUD/JPY with the target of 105.603 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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GOLD BEARISH BIAS RIGHT NOW| SHORT
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GOLD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 2,352.037.
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