EUR/JPY BEST PLACE TO SELL FROM|SHORT
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We are going short on the EUR/JPY with the target of 164.275 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/AUD BULLISH BIAS RIGHT NOW| LONG
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EUR/AUD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 4H 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 1.649 area.
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AUD/USD BEARS ARE STRONG HERE|SHORT
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We are now examining the AUD/USD 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 0.654 level.
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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
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GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2263.314 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USOIL SHORT FROM RESISTANCE
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The BB upper band is nearby so USOIL 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 82.69.
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EUR/JPY BUYERS WILL DOMINATE THE MARKET|LONG
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EUR/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H 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 162.282 area.
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EUR/AUD BULLS ARE GAINING STRENGTH|LONG
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EUR/AUD 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 1.661 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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EUR/USD BEARS WILL DOMINATE THE MARKET|SHORT
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Previous week’s green candle means that for us the EUR/USD 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 1.082.
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CAD/CHF BEST PLACE TO BUY FROM|LONG
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CAD/CHF is making a bearish pullback on the 4H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 0.666 level.
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EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
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EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.468 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CHF/JPY BEARS ARE STRONG HERE|SHORT
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The BB upper band is nearby so CHF-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 166.508.
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SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
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SILVER 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 25.371 area.
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NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
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We are going short on the NZD/JPY with the target of 90.541 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/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
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GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly 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 1.708 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/CHF SHORT FROM RESISTANCE
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Previous week’s green candle means that for us the AUD/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 0.581.
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EUR/AUD BULLS ARE STRONG HERE|LONG
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Bullish trend on EUR/AUD, 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 1.652.
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GBP/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
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We are going short on the GBP/CHF with the target of 1.133 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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BITCOIN BULLS WILL DOMINATE THE MARKET|LONG
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BITCOIN downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 68601 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 BITCOIN pair.
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EUR/JPY SHORT FROM RESISTANCE
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EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 162.370 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 EUR/JPY pair.
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GBP/JPY BEST PLACE TO SELL FROM|SHORT
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The BB upper band is nearby so GBP-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 190.845.
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USD/CAD BEST PLACE TO SELL FROM|SHORT
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Bearish trend on USD/CAD, 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 1.342.
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USD/CHF BEARS ARE GAINING STRENGTH|SHORT
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We are going short on the USD/CHF with the target of 0.895 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 BEARS WILL DOMINATE THE MARKET|SHORT
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USOIL pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 82.58 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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