GBP/CHF BEARS ARE STRONG HERE|SHORT
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GBP/CHF is making a bullish rebound on the 3H 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 1.116 level.
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SPY SHORT FROM RESISTANCE
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It makes sense for us to go short on SPY right now from the resistance line above with the target of 595.24 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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GBP/JPY BULLS ARE GAINING STRENGTH|LONG
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Previous week’s red candle means that for us the GBP/JPY 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 195.238.
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USOIL BEARS ARE GAINING STRENGTH|SHORT
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USOIL pair is in the downtrend because previous week’s candle is red, while the price is obviously 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 68.16 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/JPY BUYERS WILL DOMINATE THE MARKET|LONG
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EUR/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 9H 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 161.123 area.
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USD/CHF BULLISH BIAS RIGHT NOW| LONG
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We are targeting the 0.884 level area with our long trade on USD/CHF which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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AUD/USD BEST PLACE TO SELL FROM|SHORT
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AUD/USD is making a bullish rebound on the 6H 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 0.644 level.
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GOLD BEARS ARE STRONG HERE|SHORT
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It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,616.113 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/USD SHORT FROM RESISTANCE
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Bearish trend on NZD/USD, 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 0.579.
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USD/CAD BEARS WILL DOMINATE THE MARKET|SHORT
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USD-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.379 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/CAD pair.
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GBP/USD SENDS CLEAR BEARISH SIGNALS|SHORT
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GBP/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.246 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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BITCOIN BULLS ARE GAINING STRENGTH|LONG
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BITCOIN pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 6H 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 100,888 area.
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USD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
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We are targeting the 154.089 level area with our long trade on USD/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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AUD/JPY BEST PLACE TO BUY FROM|LONG
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It makes sense for us to go long on AUD/JPY right now from the support line below with the target of 99.928 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/AUD BEST PLACE TO BUY FROM|LONG
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EUR-AUD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 1.620 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/AUD pair.
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SILVER BULLS ARE STRONG HERE|LONG
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Bullish trend on SILVER, 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 31.455.
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NZD/JPY LONG FROM SUPPORT
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NZD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 91.830 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the NZD/JPY pair.
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CAD/CHF BULLS WILL DOMINATE THE MARKET|LONG
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CAD/CHF pair is in the uptrend because previous week’s candle is green, 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 0.633 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
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GBP/CAD 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 1.759 area.
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GBP/AUD BUYERS WILL DOMINATE THE MARKET|LONG
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We are now examining the GBP/AUD 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 1.948 level.
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GBP/CHF BEARISH BIAS RIGHT NOW| SHORT
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It makes sense for us to go short on GBP/CHF right now from the resistance line above with the target of 1.110 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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GBP/JPY BEST PLACE TO BUY FROM|LONG
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Previous week’s red candle means that for us the GBP/JPY 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 199.028.
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SPY BEARS ARE STRONG HERE|SHORT
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SPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 581.52 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 SPY pair.
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