NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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NZD/CHF pair is in the uptrend because previous week’s candle is green, 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 0.540 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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Previous week’s green candle means that for us the CAD/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 0.651.
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GOLD BEARS ARE STRONG HERE|SHORT
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The BB upper band is nearby so GOLD 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 2,293.116.
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GBP/CAD BUYERS WILL DOMINATE THE MARKET|LONG
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We are going long on the GBP/CAD with the target of 1.754 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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GBP/AUD BEST PLACE TO BUY FROM|LONG
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The BB lower band is nearby so GBP/AUD 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 1.909.
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GOLD BEARS WILL DOMINATE THE MARKET|SHORT
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The BB upper band is nearby so GOLD 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 2319.618.
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NG1! BULLS ARE GAINING STRENGTH|LONG
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NG1! pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H 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 2.911 area.
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EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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EUR/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H 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 0.954 area.
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GBP/CHF BEARS ARE STRONG HERE|SHORT
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Bearish trend on GBP/CHF, 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 1.130.
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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 evidently 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 201.551 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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SILVER SHORT FROM RESISTANCE
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SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 28.387 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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USOIL BEARISH BIAS RIGHT NOW| SHORT
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USOIL pair is in the downtrend because previous week’s candle is red, 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 77.06 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/USD BEARS ARE STRONG HERE|SHORT
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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 0.657 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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EUR/JPY BEARISH BIAS RIGHT NOW| 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 170.076 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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USD/CHF BEST PLACE TO SELL FROM|SHORT
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Bearish trend on USD/CHF, 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 0.889.
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USOIL SHORT FROM RESISTANCE
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USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D 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 77.13 area.
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USOIL SHORT FROM RESISTANCE
Hello,Friends!
USOIL 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 77.43 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZD/JPY BEARS ARE STRONG HERE|SHORT
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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
Hello,Friends!
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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