NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
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We are targeting the 90.142 level area with our short trade on NZD/JPY 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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Tecnhicalanalysis
EUR/JPY BULLS WILL DOMINATE THE MARKET|LONG
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EUR-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 161.463 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 EUR/JPY pair.
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AUD/USD SENDS CLEAR BEARISH SIGNALS|SHORT
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AUD/USD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.656 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/USD BEARS ARE GAINING STRENGTH|SHORT
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EUR/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 1.081 area.
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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
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GOLD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H 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 2023.962 area.
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EUR/NZD BEST PLACE TO SELL FROM|SHORT
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EUR/NZD is making a bullish rebound on the 2H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.760 level.
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EUR/AUD BEARS ARE STRONG HERE|SHORT
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It makes sense for us to go short on EUR/AUD right now from the resistance line above with the target of 1.640 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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CHF/JPY BEARS ARE STRONG HERE|SHORT
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Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 170.641.
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NZD/JPY BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
It makes sense for us to go short on NZD/JPY right now from the resistance line above with the target of 89.803 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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NATGAS SHORT FROM RESISTANCE
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NATGAS uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.242 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 NATGAS pair.
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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
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We are targeting the 2009.230 level area with our short trade on GOLD 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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NZD/CHF BULLS ARE GAINING STRENGTH|LONG
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We are targeting the 0.527 level area with our long trade on NZD/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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AUD/CHF BULLS WILL DOMINATE THE MARKET|LONG
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AUD/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.569 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBP/AUD BEARS ARE GAINING STRENGTH|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 1.887.
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BITCOIN BULLISH BIAS RIGHT NOW| LONG
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Previous week’s red candle means that for us the BITCOIN 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 45367.
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US30 SENDS CLEAR BEARISH SIGNALS|SHORT
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US30 pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H 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 33346 area.
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