USD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
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Bearish trend on USD/CHF, 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 0.850.
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AUD/USD BEARISH BIAS RIGHT NOW| SHORT
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AUD-USD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.660 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 AUD/USD pair.
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NZD/USD BEST PLACE TO SELL FROM|SHORT
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NZD/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.596 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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SILVER BEARS ARE STRONG HERE|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 1H 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 27.619 area.
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GBP/USD SHORT FROM RESISTANCE
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We are targeting the 1.264 level area with our short trade on GBP/USD 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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AUD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
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AUD/JPY is making a bullish rebound on the 6H 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 95.165 level.
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AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.571 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 BEARS ARE GAINING STRENGTH|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 2,414.972.
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GBP/AUD BUYERS WILL DOMINATE THE MARKET|LONG
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GBP-AUD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 1.971 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 GBP/AUD pair.
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GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
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GBP/NZD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.101 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/CHF BEST PLACE TO SELL FROM|SHORT
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GBP/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H 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 1.076 area.
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USOIL BEARS ARE STRONG HERE|SHORT
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We are going short on the USOIL with the target of 75.00 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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GBP/JPY SHORT FROM RESISTANCE
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GBP/JPY is making a bullish rebound on the 5H 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 182.665 level.
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EUR/CHF BEARS WILL DOMINATE THE MARKET|SHORT
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The BB upper band is nearby so EUR-CHF 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 0.941.
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EUR/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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Previous week’s green candle means that for us the EUR/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 157.470.
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GOLD BEARS ARE GAINING STRENGTH|SHORT
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GOLD 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 beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 2,391.669.
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EUR/GBP SELLERS WILL DOMINATE THE MARKET|SHORT
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EUR/GBP 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 0.844 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 BEARISH BIAS RIGHT NOW| 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 12H 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 0.641 area.
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NZD/USD BEST PLACE TO SELL FROM|SHORT
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We are going short on the NZD/USD with the target of 0.592 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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NG1! BEARS ARE STRONG HERE|SHORT
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NG1! is making a bullish rebound on the 9H 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 2.013 level.
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GBP/USD SHORT FROM RESISTANCE
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It makes sense for us to go short on GBP/USD right now from the resistance line above with the target of 1.265 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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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
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Bearish trend on USOIL, 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 74.17.
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EUR/USD SENDS CLEAR BEARISH SIGNALS|SHORT
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EUR/USD is trending down which is evident 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 beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.076.
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