BITCOIN SELLERS WILL DOMINATE THE MARKET|SHORT
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BITCOIN pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H 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 57,382 area.
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NZD/CHF BEARISH BIAS RIGHT NOW| SHORT
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We are targeting the 0.511 level area with our short trade on NZD/CHF 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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GBP/AUD BEST PLACE TO BUY FROM|LONG
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GBP/AUD is making a bearish pullback on the 12H 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 1.973 level.
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GBP/CHF BEARS ARE STRONG HERE|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 1.070 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 SHORT FROM RESISTANCE
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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 71.64.
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GBP/JPY BULLS WILL DOMINATE THE MARKET|LONG
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GBP-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 197.213 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/JPY pair.
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EUR/AUD SENDS CLEAR BEARISH SIGNALS|SHORT
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EUR/AUD 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 1.632 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 downtrend which know by looking at the previous 1W candle which is red. On the 2H 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 0.647 area.
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GOLD BUYERS WILL DOMINATE THE MARKET|LONG
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We are targeting the 2,453.296 level area with our long trade on GOLD 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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NZD/USD BEARISH BIAS RIGHT NOW| SHORT
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We are now examining the NZD/USD 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 0.595 level.
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GBP/USD BEST PLACE TO BUY FROM|LONG
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The BB lower band is nearby so GBP/USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.280.
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USD/JPY BEARS ARE STRONG HERE|SHORT
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Bearish trend on USD/JPY, 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 140.643.
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EUR/NZD BEST PLACE TO SELL FROM|SHORT
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Previous week’s green candle means that for us the EUR/NZD 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 1.824.
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SILVER LONG FROM SUPPORT
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SILVER 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 29.152.
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EUR/USD BEARS WILL DOMINATE THE MARKET|SHORT
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EUR/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.083 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CHF/JPY SENDS CLEAR BULLISH SIGNALS|LONG
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CHF/JPY 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 174.705 area.
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GBP/CAD BULLS ARE GAINING STRENGTH|LONG
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We are going long on the GBP/CAD with the target of 1.782 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/AUD BEARS ARE STRONG HERE|SHORT
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EUR-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.699 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 EUR/AUD pair.
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GBP/AUD BEARISH BIAS RIGHT NOW| 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 1.926.
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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
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We are now examining the GOLD 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 2,381.890 level.
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GBP/USD SELLERS WILL DOMINATE THE MARKET|SHORT
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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 1.274 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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USD/CAD BEARS ARE GAINING STRENGTH|SHORT
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We are now examining the USD/CAD 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 1.378 level.
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USOIL SENDS CLEAR BULLISH SIGNALS|LONG
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We are going long on the USOIL with the target of 78.81 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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