GBP/NZD BULLS ARE STRONG HERE|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 12H 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 2.143 area.
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BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
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BITCOIN is making a bullish rebound on the 30m 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 58,651 level.
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EUR/CAD BULLS ARE GAINING STRENGTH|LONG
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Bullish trend on EUR/CAD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.504.
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USD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
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USD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.844 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/CHF pair.
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USOIL BEARISH BIAS RIGHT NOW| SHORT
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USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 30m timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 74.10 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 BEST PLACE TO SELL FROM|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 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 0.670 area.
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NZD/USD BEARS ARE STRONG HERE|SHORT
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We are going short on the NZD/USD with the target of 0.620 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 BULLS WILL DOMINATE THE MARKET|LONG
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It makes sense for us to go long on GOLD right now from the support line below with the target of 2,522.676 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 SENDS CLEAR BEARISH SIGNALS|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 1.298.
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EUR/USD BULLS ARE GAINING STRENGTH|LONG
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EUR/USD is trending up which is evident 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 1.115.
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NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
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NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 89.810 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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SILVER BEARISH BIAS RIGHT NOW| SHORT
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SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 15H 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 28.518 area.
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CAD/CHF BEST PLACE TO BUY FROM|LONG
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We are going long on the CAD/CHF with the target of 0.628 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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NZD/CHF BEARS ARE STRONG HERE|SHORT
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We are now examining the NZD/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 0.519 level.
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GBP/CAD SHORT FROM RESISTANCE
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The BB upper band is nearby so GBP-CAD 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 1.764.
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GOLD BEARS WILL DOMINATE THE MARKET|SHORT
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Previous week’s green candle means that for us the GOLD 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 2,422.483.
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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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