GBP/CAD BEARS ARE STRONG HERE|SHORT
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Previous week’s green candle means that for us the GBP/CAD 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 1.744.
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Tecnhicalanalysis
GOLD Will Go Lower From Resistance! Short!
Here is our detailed technical review for GOLD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2,393.070.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,340.000 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USD/JPY BULLS ARE STRONG HERE|LONG
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The BB lower band is nearby so USD/JPY 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 155.675.
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CAD/CHF BULLS WILL DOMINATE THE MARKET|LONG
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CAD/CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.652 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 CAD/CHF pair.
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CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
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We are now examining the CAD/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 0.642 level.
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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
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GOLD pair is in the downtrend because previous week’s candle is red, 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 2,383.729 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CHF/JPY BULLS ARE GAINING STRENGTH|LONG
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CHF/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D 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 180.005 area.
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AUD/CHF BUYERS WILL DOMINATE THE MARKET|LONG
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We are going long on the AUD/CHF with the target of 0.599 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 BULLISH BIAS RIGHT NOW| LONG
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We are now examining the NZD/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 0.541 level.
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SILVER BEST PLACE TO BUY FROM|LONG
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The BB lower band is nearby so SILVER 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 30.283.
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AUD/USD SHORT FROM RESISTANCE
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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 0.671 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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GBP/NZD SHORT FROM RESISTANCE
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GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.148 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/NZD pair.
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EUR/NZD BEARS WILL DOMINATE THE MARKET|SHORT
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EUR/NZD 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 1.805 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NQ1! SENDS CLEAR BULLISH SIGNALS|LONG
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NQ1! pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 9H 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 20,320.25 area.
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GBP/CHF SHORT FROM RESISTANCE
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Previous week’s green candle means that for us the GBP/CHF 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 1.143.
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USD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
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We are now examining the USD/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 160.319 level.
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AUD/CHF BEARISH BIAS RIGHT NOW| SHORT
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We are going short on the AUD/CHF with the target of 0.595 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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AUD/USD BULLISH BIAS RIGHT NOW| LONG
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It makes sense for us to go long on AUD/USD right now from the support line below with the target of 0.673 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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NZD/USD BEST PLACE TO BUY FROM|LONG
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Bullish trend on NZD/USD, 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 0.606.
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CAD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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We are going short on the CAD/CHF with the target of 0.645 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/USD LONG FROM SUPPORT
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GBP/USD pair is in the uptrend because previous week’s candle is green, while the price is obviously 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 1.301 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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BITCOIN BEARS ARE STRONG HERE|SHORT
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BITCOIN 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 59,148.
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NZD/JPY BULLS WILL DOMINATE THE MARKET|LONG
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NZD/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D 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 96.950 area.
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