EUR/JPY BEARS ARE STRONG HERE|SHORT
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EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H 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 160.846 area.
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EUR/NZD BEST PLACE TO SELL FROM|SHORT
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EUR/NZD pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.771 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/CAD BEARISH BIAS RIGHT NOW| SHORT
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GBP-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.707 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 GBP/CAD pair.
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USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
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Bearish trend on USOIL, 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 77.74.
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SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
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SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 23.123 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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EUR/USD BULLS ARE GAINING STRENGTH|LONG
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Bullish trend on EUR/USD, 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 1.094.
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USD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
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It makes sense for us to go short on USD/JPY right now from the resistance line above with the target of 146.172 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/JPY BULLS ARE STRONG HERE|LONG
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We are going long on the NZD/JPY with the target of 91.889 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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AUD/JPY BEST PLACE TO BUY FROM|LONG
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AUD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 6H 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 97.574 area.
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CAD/JPY BULLISH BIAS RIGHT NOW| LONG
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CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously 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 110.076 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CAD/CHF BULLS WILL DOMINATE THE MARKET|LONG
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The BB lower band is nearby so CAD-CHF 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 0.651.
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AUD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
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AUD/CHF pair is in the uptrend because previous week’s candle is green, 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 0.575 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NQ1! SHORT FROM RESISTANCE
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We are now examining the NQ1! 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 18052.50 level.
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USOIL BEST PLACE TO SELL FROM|SHORT
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Previous week’s green candle means that for us the USOIL 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 77.46.
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SPY SENDS CLEAR BEARISH SIGNALS|SHORT
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Previous week’s green candle means that for us the SPY 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 487.03.
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EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
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EUR/NZD 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 1.756 area.
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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 4H 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 2131.485 area.
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SILVER BEARS WILL DOMINATE THE MARKET|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 23.199.
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NATGAS BEARS WILL DOMINATE THE MARKET|SHORT
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NATGAS 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 1.669 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.947 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/CHF pair.
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USD/CAD SHORT FROM RESISTANCE
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Previous week’s green candle means that for us the USD/CAD 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 1.351.
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USD/CHF BEST PLACE TO SELL FROM|SHORT
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We are now examining the USD/CHF 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 0.880 level.
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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
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USOIL 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 great trend following opportunity for a short trade from the resistance line above towards the demand level of 71.86.
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