GBP/AUD SENDS CLEAR BEARISH SIGNALS|SHORT
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GBP/AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.924 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 GBP/AUD pair.
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GBP/CHF BEARS ARE GAINING STRENGTH|SHORT
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GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly 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 1.114 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/NZD BUYERS WILL DOMINATE THE MARKET|LONG
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EUR/NZD 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 1.839 area.
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SILVER BEARISH BIAS RIGHT NOW| SHORT
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We are targeting the 28.602 level area with our short trade on SILVER 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/JPY BEST PLACE TO BUY FROM|LONG
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EUR/JPY is making a bearish pullback on the 1H 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 161.980 level.
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USOIL BEARS ARE STRONG HERE|SHORT
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The BB upper band is nearby so USOIL 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 70.87.
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EUR/GBP BULLS WILL DOMINATE THE MARKET|LONG
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EUR/GBP is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 0.850.
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USD/JPY SHORT FROM RESISTANCE
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USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 114.466 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/JPY pair.
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BITCOIN SENDS CLEAR BEARISH SIGNALS|SHORT
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BITCOIN pair is in the uptrend because previous week’s candle is green, while the price is clearly 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 59,593 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
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AUD/USD 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 0.656 area.
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NZD/USD SELLERS WILL DOMINATE THE MARKET|SHORT
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We are going short on the NZD/USD with the target of 0.603 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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USD/CAD BULLISH BIAS RIGHT NOW| LONG
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We are now examining the USD/CAD 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 1.372 level.
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USOIL BEST PLACE TO BUY FROM|LONG
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It makes sense for us to go long on USOIL right now from the support line below with the target of 79.20 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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GBP/USD BEARS ARE STRONG HERE|SHORT
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Previous week’s green candle means that for us the GBP/USD 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 1.307.
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EUR/USD BEARS WILL DOMINATE THE MARKET|SHORT
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EUR/USD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.101 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GOLD SENDS CLEAR BULLISH SIGNALS|LONG
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GOLD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 30m 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 2,518.970 area.
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NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
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We are now examining the NZD/JPY 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 87.651 level.
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CHF/JPY BEARISH BIAS RIGHT NOW| SHORT
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The BB upper band is nearby so CHF-JPY 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 169.867.
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SILVER BEST PLACE TO SELL FROM|SHORT
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Previous week’s green candle means that for us the SILVER 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 27.919.
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AUD/CHF BULLS ARE STRONG HERE|LONG
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AUD/CHF is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 0.580.
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GBP/CAD SHORT FROM RESISTANCE
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GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.756 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/NZD BULLS WILL DOMINATE THE MARKET|LONG
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GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 3H 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 2.133 area.
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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
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We are going short on the GOLD with the target of 2,437.503 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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