EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.929 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/CHF pair.
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EUR/NZD BEARS ARE GAINING STRENGTH|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 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.804 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
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USOIL 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 70.28 area.
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EUR/AUD BEARISH BIAS RIGHT NOW| SHORT
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We are going short on the EUR/AUD with the target of 1.631 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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EUR/JPY BEARS ARE STRONG HERE|SHORT
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It makes sense for us to go short on EUR/JPY right now from the resistance line above with the target of 160.038 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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EUR/CAD SHORT FROM RESISTANCE
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Previous week’s green candle means that for us the EUR/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 1.490.
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BITCOIN BEARS WILL DOMINATE THE MARKET|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 89,901.
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EUR/GBP SENDS CLEAR BEARISH SIGNALS|SHORT
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EUR/GBP pair is in the downtrend because previous week’s candle is red, while the price is obviously 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 0.825 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/CHF BEARS ARE GAINING STRENGTH|SHORT
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USD/CHF 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 0.886 area.
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NZD/USD BUYERS WILL DOMINATE THE MARKET|LONG
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We are targeting the 0.592 level area with our long trade on NZD/USD 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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GBP/USD BEARS ARE STRONG HERE|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 1.270.
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USD/CAD BEST PLACE TO SELL FROM|SHORT
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The BB upper band is nearby so USD-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 1.405.
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USD/JPY SHORT FROM RESISTANCE
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USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 151.868 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/JPY pair.
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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
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USOIL pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 66.99 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/USD SENDS CLEAR BULLISH SIGNALS|LONG
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EUR/USD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 4H 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 1.053 area.
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CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
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We are targeting the 0.617 level area with our short trade on CAD/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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CHF/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
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CHF/JPY is making a bullish rebound on the 2H 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 170.982 level.
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GBP/AUD SENDS CLEAR BULLISH SIGNALS|LONG
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We are targeting the 1.989 level area with our long trade on GBP/AUD 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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SILVER BEARISH BIAS RIGHT NOW| SHORT
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The BB upper band is nearby so SILVER 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 31.169.
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AUD/CHF BEST PLACE TO BUY FROM|LONG
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Previous week’s red candle means that for us the AUD/CHF 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 0.570.
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NZD/CHF BULLS ARE STRONG HERE|LONG
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NZD-CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.516 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/CHF pair.
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GBP/CAD SHORT FROM RESISTANCE
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GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly 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 1.787 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GOLD BEARS WILL DOMINATE THE MARKET|SHORT
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GOLD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 15m 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 2,647.359 area.
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