CHF/JPY LONG FROM SUPPORT
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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 175.610 area.
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SILVER BEARISH BIAS RIGHT NOW| SHORT
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Bearish trend on SILVER, 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 27.268.
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GBP/NZD BULLS ARE GAINING STRENGTH|LONG
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It makes sense for us to go long on GBP/NZD right now from the support line below with the target of 2.191 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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USD/JPY BEST PLACE TO BUY FROM|LONG
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USD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 153.539 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 USD/JPY pair.
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CAD/CHF BULLS ARE STRONG HERE|LONG
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CAD/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly 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 0.646 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
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We are targeting the 74.35 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 BEARS ARE GAINING STRENGTH|SHORT
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We are going short on the EUR/CAD with the target of 1.480 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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GOLD BEARISH BIAS RIGHT NOW| SHORT
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GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H 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 2,377.524 area.
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AUD/CHF SENDS CLEAR BULLISH SIGNALS|LONG
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We are now examining the AUD/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 0.592 level.
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GBP/CHF BUYERS WILL DOMINATE THE MARKET|LONG
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Previous week’s red candle means that for us the GBP/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 1.142.
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EUR/GBP SHORT FROM RESISTANCE
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We are going short on the EUR/GBP with the target of 0.837 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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USOIL BULLS ARE GAINING STRENGTH|LONG
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USOIL downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 80.33 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 USOIL pair.
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AUD/JPY BEARISH BIAS RIGHT NOW| SHORT
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We are going short on the AUD/JPY with the target of 105.603 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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GOLD BEARISH BIAS RIGHT NOW| SHORT
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GOLD is trending down which is clear 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 2,352.037.
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EUR/CHF BEST PLACE TO BUY FROM|LONG
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EUR/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.957 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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EUR/JPY BULLS ARE STRONG HERE|LONG
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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 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 170.398 area.
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USD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
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USD/CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.373 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/CAD pair.
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SILVER BULLS WILL DOMINATE THE MARKET|LONG
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We are now examining the SILVER 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 29.312 level.
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CHF/JPY SENDS CLEAR BULLISH SIGNALS|LONG
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Previous week’s red candle means that for us the CHF/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 176.998.
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AUD/USD SENDS CLEAR BULLISH SIGNALS|LONG
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The BB lower band is nearby so AUD-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 0.665.
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NZD/USD BEARS ARE GAINING STRENGTH|SHORT
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Bearish trend on NZD/USD, 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 0.586.
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SILVER BULLS WILL DOMINATE THE MARKET|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 29.455.
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GBP/USD BEST PLACE TO BUY FROM|LONG
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GBP/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H 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 1.300 area.
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