USOIL BEST PLACE TO SELL FROM|SHORT
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USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 75.81 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 USOIL pair.
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NZD/JPY BULLS ARE STRONG HERE|LONG
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NZD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly 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 92.585 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBP/CHF BEARS ARE STRONG HERE|SHORT
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GBP/CHF 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 1.112 area.
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NZD/CHF BEARS ARE GAINING STRENGTH|SHORT
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It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.533 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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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
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GOLD is making a bullish rebound on the 1D 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 1988.710 level.
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GBP/JPY SHORT FROM RESISTANCE
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We are going short on the GBP/JPY with the target of 189.951 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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SILVER BEST PLACE TO BUY FROM|LONG
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SILVER pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 23.138 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
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Previous week’s green candle means that for us the GBP/AUD 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 1.928.
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GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
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GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.051 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/NZD pair.
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AUD/USD BEARS WILL DOMINATE THE MARKET|SHORT
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The BB upper band is nearby so AUD-USD 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 0.651.
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EUR/NZD BULLS ARE GAINING STRENGTH|LONG
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Previous week’s red candle means that for us the EUR/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.759.
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VIX SENDS CLEAR BULLISH SIGNALS|LONG
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The BB lower band is nearby so VIX 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 14.49.
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SILVER BULLS ARE STRONG HERE|LONG
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We are going long on the SILVER with the target of 23.184 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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USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
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USOIL 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 great trend following opportunity for a short trade from the resistance line above towards the demand level of 71.58.
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EUR/CAD BEST PLACE TO SELL FROM|SHORT
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EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H 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 1.457 area.
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AUD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
AUD/CHF 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 0.571 area.
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USOIL BEARS ARE GAINING STRENGTH|SHORT
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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 6H 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 75.07 area.
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AUD/JPY BEST PLACE TO SELL FROM|SHORT
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We are going short on the AUD/JPY with the target of 98.464 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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USD/CAD BUYERS WILL DOMINATE THE MARKET|LONG
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USD/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.352 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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USOIL BEARS ARE GAINING STRENGTH|SHORT
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USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 75.62 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 USOIL pair.
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USD/JPY BEARISH BIAS RIGHT NOW| SHORT
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USD/JPY 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 149.720 area.
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SILVER BEARS ARE GAINING STRENGTH|SHORT
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SILVER pair is in the downtrend because previous week’s candle is red, 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 21.843 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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