USOIL LONG FROM SUPPORT
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USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 78.25 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
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NZD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H 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 86.148 area.
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AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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We are targeting the 0.559 level area with our short trade on AUD/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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NZD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
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It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.507 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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GBP/CAD BEARISH BIAS RIGHT NOW| 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 1.767.
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GBP/AUD BEST PLACE TO SELL FROM|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 1.964 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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GOLD BEARS ARE STRONG HERE|SHORT
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GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously 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 2,762.245 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
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GBP/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly 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 189.599 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 SENDS CLEAR BEARISH SIGNALS|SHORT
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EUR/NZD 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 1.834 area.
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USOIL BEARS ARE GAINING STRENGTH|SHORT
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We are targeting the 69.83 level area with our short trade on USOIL 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/CAD BEARISH BIAS RIGHT NOW| SHORT
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The BB upper band is nearby so EUR-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 1.473.
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USD/CHF BEST PLACE TO SELL FROM|SHORT
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Previous week’s green candle means that for us the USD/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 0.910.
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USD/CAD BEARS WILL DOMINATE THE MARKET|SHORT
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USD/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 1.430 area.
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SILVER BEARS ARE STRONG HERE|SHORT
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SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 30.518 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 SILVER pair.
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AUD/USD SHORT FROM RESISTANCE
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AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently 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 0.611 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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We are targeting the 151.552 level area with our short trade on USD/JPY 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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CAD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
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The BB upper band is nearby so CAD/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 105.821.
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GOLD BEARS ARE GAINING STRENGTH|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 2,816.028 level.
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AUD/JPY BULLISH BIAS RIGHT NOW| LONG
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Previous week’s red candle means that for us the AUD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 98.666.
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NZD/JPY BEST PLACE TO BUY FROM|LONG
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NZD/JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 89.129 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 NZD/JPY pair.
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GBP/CAD BEST PLACE TO SELL FROM|SHORT
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GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously 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 1.774 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NQ1! BEARS ARE STRONG HERE|SHORT
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NQ1! 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 20,623.50 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CAD/CHF SHORT FROM RESISTANCE
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CAD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H 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 0.628 area.
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