GBP/AUD SHORT FROM RESISTANCE
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GBP/AUD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.926 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USOIL BULLS ARE STRONG HERE|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 85.74 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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SILVER BEARS ARE STRONG HERE|SHORT
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SILVER pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 10H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 27.403 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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CAD/JPY is trending down which is obvious 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 great trend following opportunity for a short trade from the resistance line above towards the demand level of 111.217.
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AUD/JPY BEARS ARE GAINING STRENGTH|SHORT
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AUD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 99.363 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/NZD BEARISH BIAS RIGHT NOW| SHORT
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Bearish trend on EUR/NZD, 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 1.792.
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EUR/AUD BEST PLACE TO SELL FROM|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 1.644 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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EUR/GBP LONG FROM SUPPORT
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EUR/GBP pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H 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 0.855 area.
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USD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
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We are going short on the USD-CHF with the target of 0.895 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 SHORT FROM RESISTANCE
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We are going short on the GOLD with the target of 2349.654 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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NZD/USD SENDS CLEAR BULLISH SIGNALS|LONG
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We are now examining the NZD/USD 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 0.598 level.
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USOIL BEARISH BIAS RIGHT NOW| SHORT
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USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 80.85 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 USOIL pair.
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GBP/USD BEST PLACE TO BUY FROM|LONG
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GBP/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.257 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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USD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
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Bearish trend on USD/CAD, 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 1.365.
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US30 BEARS ARE GAINING STRENGTH|SHORT
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The BB upper band is nearby so US30 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 33605.
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USD/JPY BEARS ARE STRONG HERE|SHORT
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USD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 5H 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 152.223 area.
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CHF/JPY BEST PLACE TO SELL FROM|SHORT
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CHF/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D 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 166.264 area.
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AUD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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It makes sense for us to go short on AUD/JPY right now from the resistance line above with the target of 98.444 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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CAD/JPY BULLS WILL DOMINATE THE MARKET|LONG
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CAD/JPY is making a bearish pullback on the 2H 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 111.685 level.
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NZD/JPY BULLS ARE GAINING STRENGTH|LONG
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Previous week’s red candle means that for us the NZD/JPY 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 91.697.
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BITCOIN SELLERS WILL DOMINATE THE MARKET|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 69225 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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EUR/CAD BUYERS WILL DOMINATE THE MARKET|LONG
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Previous week’s red candle means that for us the EUR/CAD 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 1.467.
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GBP/AUD BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
GBP/AUD 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 1.931 area.
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