GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
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GBP/NZD 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 2.078 area.
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GBP/USD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
GBP/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H 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 1.238 area.
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GBP/NZD BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D 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 2.110 area.
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AUD/CHF SHORT FROM RESISTANCE
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It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.578 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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USOIL BEST PLACE TO SELL FROM|SHORT
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We are targeting the 80.21 level area with our short trade on USOIL 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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ETHUSD Will Go Down From Resistance! Short!
Here is our detailed technical review for ETHUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 3267.9.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3119.3 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURUSD Will Go Higher! Buy!
Take a look at our analysis for EURUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.068.
Considering the today's price action, probabilities will be high to see a movement to 1.072.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are now examining the CHF/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 167.914 level.
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NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
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Bearish trend on NZD/CHF, 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 0.537.
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GBP/CHF BULLISH BIAS RIGHT NOW| LONG
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We are going long on the GBP/CHF with the target of 1.145 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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GBP/CAD BULLS ARE GAINING STRENGTH|LONG
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GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 6H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.707 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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SILVER SENDS CLEAR BULLISH SIGNALS|LONG
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SILVER is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 28.941.
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NZD/USD BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
We are now examining the NZD/USD 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 0.608 level.
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USOIL BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are going long on the USOIL with the target of 84.39 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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GBP/JPY BULLS ARE STRONG HERE|LONG
Hello,Friends!
It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 192.689 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GOLD BEST PLACE TO BUY FROM|LONG
Hello,Friends!
GOLD is making a bearish pullback on the 2H 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 2394.469 level.
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EUR/AUD BULLS WILL DOMINATE THE MARKET|LONG
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EUR/AUD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 1.662.
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NQ1! SENDS CLEAR BULLISH SIGNALS|LONG
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NQ1! pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 17886.00 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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EUR/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
EUR/JPY 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 163.813 area.
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EUR/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
We are targeting the 1.465 level area with our short trade on EUR/CAD 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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CHF/JPY BEARISH BIAS RIGHT NOW| 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 168.378.
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GBP/USD BEST PLACE TO BUY FROM|LONG
Hello,Friends!
The BB lower band is nearby so GBP-USD 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 1.241.
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EUR/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
EUR/USD pair is in the uptrend because previous week’s candle is green, 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 1.063 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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