NZD/USD BEARISH BIAS RIGHT NOW| SHORT
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NZD/USD 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 classical trend following opportunity for a short trade from the resistance line above towards the demand level of 0.592.
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Tecnhicalanalysis
AUD/NZD SHORT FROM RESISTANCE
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We are targeting the 1.081 level area with our short trade on AUD/NZD 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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US100 BEST PLACE TO SELL FROM|SHORT
US100 SIGNAL
Trade Direction: short
Entry Level: 20,101.6
Target Level: 18,779.9
Stop Loss: 20,975.6
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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AUD/CHF BEARS ARE STRONG HERE|SHORT
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AUD/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 0.513 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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TSLA SHORT FROM RESISTANCE
TSLA SIGNAL
Trade Direction: short
Entry Level: 286.64
Target Level: 210.88
Stop Loss: 337.30
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
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NZD/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H 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 0.488 area.
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USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 64.59
Target Level: 60.50
Stop Loss: 67.30
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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CAD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
CAD/CHF SIGNAL
Trade Direction: short
Entry Level: 0.595
Target Level: 0.581
Stop Loss: 0.605
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 17h
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NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
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The BB upper band is nearby so NZD-JPY 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 84.966.
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CHF/JPY BULLS ARE STRONG HERE|LONG
CHF/JPY SIGNAL
Trade Direction: long
Entry Level: 172.570
Target Level: 175.428
Stop Loss: 170.661
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
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AUD/JPY BEST PLACE TO SELL FROM|SHORT
AUD/JPY SIGNAL
Trade Direction: short
Entry Level: 92.152
Target Level: 91.545
Stop Loss: 92.554
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
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GBP/NZD BEARS ARE STRONG HERE|SHORT
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Bearish trend on GBP/NZD, 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 2.209.
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GBP/AUD SHORT FROM RESISTANCE
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GBP/AUD 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 2.045.
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USOIL BEARISH BIAS RIGHT NOW| SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.13
Target Level: 61.78
Stop Loss: 64.03
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
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USOIL BULLS WILL DOMINATE THE MARKET|LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 59.70
Target Level: 63.67
Stop Loss: 57.06
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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GBP/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
GBP/CHF SIGNAL
Trade Direction: short
Entry Level: 1.102
Target Level: 1.061
Stop Loss: 1.130
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
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EUR/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
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EUR/AUD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D 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 1.698 area.
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SILVER BEARISH BIAS RIGHT NOW| SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,321.1
Target Level: 3,263.1
Stop Loss: 3,359.8
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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EUR/CAD BEST PLACE TO SELL FROM|SHORT
EUR/CAD SIGNAL
Trade Direction: short
Entry Level: 1.575
Target Level: 1.525
Stop Loss: 1.608
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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EUR/JPY BEARS ARE STRONG HERE|SHORT
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We are going short on the EUR/JPY with the target of 159.106 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/GBP LONG FROM SUPPORT
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We are now examining the EUR/GBP 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 0.860 level.
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GOLD BULLS WILL DOMINATE THE MARKET|LONG
GOLD SIGNAL
Trade Direction: long
Entry Level: 3,281.65
Target Level: 3,346.60
Stop Loss: 3,238.35
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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AUD/USD SENDS CLEAR BEARISH SIGNALS|SHORT
AUD/USD SIGNAL
Trade Direction: short
Entry Level: 0.639
Target Level: 0.636
Stop Loss: 0.642
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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