SILVER BEARS WILL DOMINATE THE MARKET|SHORT
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SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H 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 24.087 area.
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GBP/AUD BEST PLACE TO SELL FROM|SHORT
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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 1.925.
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EUR/CHF BEARS WILL DOMINATE THE MARKET|SHORT
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We are going short on the EUR/CHF with the target of 0.960 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/NZD BEARS ARE STRONG HERE|SHORT
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GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is obviously 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 2.079 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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BITCOIN SHORT FROM RESISTANCE
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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 1H 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 69111 area.
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USD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
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We are now examining the USD/JPY 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 149.308 level.
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EUR/NZD BEARS ARE GAINING STRENGTH|SHORT
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The BB upper band is nearby so EUR-NZD 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 1.778.
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EUR/JPY BEARS ARE GAINING STRENGTH|SHORT
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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 159.920 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/USD SHORT FROM RESISTANCE
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We are targeting the 1.257 level area with our short trade on GBP/USD 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/JPY BEARS ARE GAINING STRENGTH|SHORT
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Previous week’s green candle means that for us the AUD/JPY 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 96.612.
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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 2120.486 level.
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USD/CHF BEARISH BIAS RIGHT NOW| SHORT
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USD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.884 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 USD/CHF pair.
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USOIL BEST PLACE TO SELL FROM|SHORT
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USOIL pair is in the uptrend because previous week’s candle is green, 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 79.92 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/CAD BULLS ARE STRONG HERE|LONG
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USD/CAD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1H 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 1.357 area.
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EUR/GBP BEARISH BIAS RIGHT NOW| SHORT
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EUR/GBP 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 0.854 area.
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NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
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The BB upper band is nearby so NZD-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 0.533.
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CAD/CHF BEARISH BIAS RIGHT NOW| SHORT
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CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.662 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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🤽♂EURUSD bullish pullbackEUR/USD Technical Analysis 📉📈📊
Current Price: 1.08360 🟢
Recent Pullback: The EUR/USD pair retraced from the level of 1.07980.📉📈📊
Retest of Support: It's currently retesting the support level around 1.08260, indicating a potential bullish sentiment.
Trade Target: The next significant resistance level lies at 1.08881, which presents an attractive target for bullish momentum.📉📈📊
Trading Plan:
- Entry: Consider entering a long position if the price breaks convincingly above the resistance level at 1.08260.
- Stop Loss: Place a stop loss below the support level to manage risk in case of a reversal.
Take Profit Aim for a take profit level near the resistance at 1.08881, capturing potential upward movement.
Risk Management Always adhere to proper risk management principles, ensuring that potential losses are controlled and manageable relative to the trading account size. ❤️👍 Good luck 🤞
Pales safe trade 🙏❤️ don't forget like and comments
GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
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The BB upper band is nearby so GOLD 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 2113.739.
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SILVER BEST PLACE TO SELL FROM|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 1H 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 24.646 area.
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AUD/CHF SHORT FROM RESISTANCE
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We are now examining the AUD/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 0.584 level.
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GBP/CAD BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are now examining the GBP/CAD 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 1.713 level.
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EUR/USD BEST PLACE TO BUY FROM|LONG
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EUR/USD is making a bearish pullback on the 6H 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 1.086 level.
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