EUR/GBP LONG FROM SUPPORT
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EUR/GBP is making a bearish pullback on the 1H 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 0.854 level.
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Tecnhicalanalysis
USD/CHF BEARS ARE STRONG HERE|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 0.855 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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EUR/GBP BEARISH BIAS RIGHT NOW| SHORT
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The BB upper band is nearby so EUR-GBP 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 0.853.
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SILVER BEARISH BIAS RIGHT NOW| SHORT
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We are now examining the SILVER 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 22.653 level.
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GBP/CAD BEARS ARE STRONG HERE|SHORT
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Previous week’s green candle means that for us the GBP/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 1.715.
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GBP/AUD SHORT FROM RESISTANCE
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GBP-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.935 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/AUD pair.
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EUR/JPY BEARISH BIAS RIGHT NOW| SHORT
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EUR/JPY 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 161.811 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
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We are now examining the EUR/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 1.462 level.
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USD/JPY BEARS WILL DOMINATE THE MARKET|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 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 149.380 area.
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USD/CAD SHORT FROM RESISTANCE
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USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 10H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.350 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/JPY BULLISH BIAS RIGHT NOW| LONG
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Bullish trend on AUD/JPY, 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 98.222.
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CAD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
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It makes sense for us to go long on CAD/JPY right now from the support line below with the target of 111.101 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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EUR/USD BEARS ARE GAINING STRENGTH|SHORT
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EUR/USD 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 1.069 level.
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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
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We are targeting the 2016.542 level area with our short trade on GOLD 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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NZD/USD SENDS CLEAR BEARISH SIGNALS|SHORT
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Previous week’s green candle means that for us the NZD/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 0.612.
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CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
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We are going short on the CHF/JPY with the target of 170.508 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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CAD/CHF LONG FROM SUPPORT
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CAD/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H 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 0.653 area.
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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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