NZD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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NZD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H 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 94.348 area.
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AUD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
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AUD/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 103.058 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GOLD LONG FROM SUPPORT
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GOLD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 2356.045 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 GOLD pair.
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AUD/CHF BULLS ARE GAINING STRENGTH|LONG
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We are going long on the AUD/CHF with the target of 0.608 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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BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
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BITCOIN 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 58579 area.
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EUR/CHF LONG FROM SUPPORT
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EUR/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.986 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBP/CHF BULLISH BIAS RIGHT NOW| LONG
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It makes sense for us to go long on GBP/CHF right now from the support line below with the target of 1.158 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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EUR/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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We are going short on the EUR/JPY with the target of 169.809 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 BEST PLACE TO BUY FROM|LONG
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Bullish trend on USOIL, 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 78.53.
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USD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
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The BB upper band is nearby so USD-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 0.901.
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EUR/GBP BEARS ARE GAINING STRENGTH|SHORT
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EUR/GBP is making a bullish rebound on the 8H 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 0.848 level.
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EUR/USD BULLS ARE STRONG HERE|LONG
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EUR/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.087 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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USD/JPY BEST PLACE TO SELL FROM|SHORT
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USD/JPY 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 classical trend following opportunity for a short trade from the resistance line above towards the demand level of 154.372.
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GOLD BULLISH BIAS RIGHT NOW| LONG
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Bullish trend on GOLD, 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 2362.127.
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CAD/JPY SHORT FROM RESISTANCE
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CAD/JPY 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 111.438 area.
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AUD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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AUD/JPY 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 103.350 level.
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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
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We are targeting the 77.96 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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AUD/CHF BEARS ARE GAINING STRENGTH|SHORT
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It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.599 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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NZD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
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Previous week’s green candle means that for us the NZD/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 0.547.
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EUR/CHF SHORT FROM RESISTANCE
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We are going short on the EUR/CHF with the target of 0.979 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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GBP/AUD BEST PLACE TO BUY FROM|LONG
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GBP/AUD pair is in the uptrend because previous week’s candle is green, while the price is evidently 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 1.922 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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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 2325.206.
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GBP/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
GBP/JPY 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 195.147 area.
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