NZD/JPY LONG FROM SUPPORT
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NZD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 91.830 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 NZD/JPY pair.
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CAD/CHF BULLS WILL DOMINATE THE MARKET|LONG
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CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.633 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
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GBP/CAD 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 1.759 area.
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GBP/AUD BUYERS WILL DOMINATE THE MARKET|LONG
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We are now examining the GBP/AUD 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 1.948 level.
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GBP/CHF BEARISH BIAS RIGHT NOW| SHORT
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It makes sense for us to go short on GBP/CHF right now from the resistance line above with the target of 1.110 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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GBP/JPY BEST PLACE TO BUY FROM|LONG
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Previous week’s red candle means that for us the GBP/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 199.028.
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SPY BEARS ARE STRONG HERE|SHORT
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SPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 581.52 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 SPY pair.
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EUR/CHF LONG FROM SUPPORT
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EUR/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously 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 0.942 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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USOIL 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 70.22 area.
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GBP/JPY SENDS CLEAR BULLISH SIGNALS|LONG
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We are going long on the GBP/JPY with the target of 198.957 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/CHF BULLS ARE GAINING STRENGTH|LONG
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We are now examining the EUR/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 0.942 level.
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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
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It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,617.629 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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EUR/NZD BULLISH BIAS RIGHT NOW| LONG
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Previous week’s red candle means that for us the EUR/NZD 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 1.803.
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EUR/JPY BULLS ARE STRONG HERE|LONG
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EUR/JPY 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 162.784 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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USOIL SHORT FROM RESISTANCE
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USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H 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 66.46 area.
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EUR/CAD BULLS WILL DOMINATE THE MARKET|LONG
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We are going long on the EUR/CAD with the target of 1.489 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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USD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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We are now examining the USD/CHF 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 0.870 level.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
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It makes sense for us to go short on AUD/USD right now from the resistance line above with the target of 0.642 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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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
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Bearish trend on GOLD, 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 2,532.880.
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USD/CAD BEARISH BIAS RIGHT NOW| SHORT
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USD-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.393 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 USD/CAD pair.
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USD/JPY BEST PLACE TO SELL FROM|SHORT
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USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly 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 154.148 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/USD BULLS ARE STRONG HERE|LONG
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EUR/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 1.095 area.
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GBP/NZD BULLS ARE STRONG HERE|LONG
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We are targeting the 0.978 level area with our long trade on GBP/NZD 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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