NZD/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently 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 96.587 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
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It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,283.693 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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CAD/JPY BEARISH BIAS RIGHT NOW| SHORT
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Previous week’s green candle means that for us the CAD/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 115.219.
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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 1.363 area.
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GBP/USD SENDS CLEAR BULLISH SIGNALS|LONG
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We are going long on the GBP/USD with the target of 1.269 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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USD/JPY BEARS ARE GAINING STRENGTH|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 158.321 level.
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AUD/JPY BEST PLACE TO SELL FROM|SHORT
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AUD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 104.460 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/JPY pair.
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CAD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
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We are going short on the CAD/CHF with the target of 0.643 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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CHF/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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We are now examining the CHF/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 176.199 level.
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SPY SELLERS WILL DOMINATE THE MARKET|SHORT
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Previous week’s green candle means that for us the SPY 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 516.43.
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AUD/CHF BEARS ARE GAINING STRENGTH|SHORT
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The BB upper band is nearby so AUD-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 0.589.
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NZD/CHF BEARISH BIAS RIGHT NOW| SHORT
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NZD/CHF 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 0.539.
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GBP/CAD BULLS ARE STRONG HERE|LONG
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GBP/CAD 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 1.742 area.
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GBP/CHF SHORT FROM RESISTANCE
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We are targeting the 1.120 level area with our short trade on GBP/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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EUR/AUD BUYERS WILL DOMINATE THE MARKET|LONG
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EUR/AUD is trending up which is clear 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 classical trend following opportunity for a long trade from the support line below towards the supply level of 1.615.
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BITCOIN Is Going Up! Buy!
Take a look at our analysis for BITCOIN.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 64,471.
Considering the today's price action, probabilities will be high to see a movement to 68,581.
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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EUR/NZD BULLS ARE GAINING STRENGTH|LONG
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Bullish trend on EUR/NZD, 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 1.753.
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GBP/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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It makes sense for us to go short on GBP/JPY right now from the resistance line above with the target of 197.285 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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AUD/USD SHORT FROM RESISTANCE
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AUD/USD 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 0.662 level.
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GBP/NZD BEARS ARE GAINING STRENGTH|SHORT
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GBP/NZD 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 2.062 area.
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GOLD BULLISH BIAS RIGHT NOW| LONG
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The BB lower band is nearby so GOLD 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 2398.194.
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EUR/JPY BEST PLACE TO SELL FROM|SHORT
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EUR/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1H 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 169.467 area.
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EUR/CAD BULLS ARE STRONG HERE|LONG
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We are targeting the 1.472 level area with our long trade on EUR/CAD 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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