SILVER SHORT FROM RESISTANCE
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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 8H 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 22.468 area.
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Tecnhicalanalysis
AUD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
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We are targeting the 96.496 level area with our short trade on AUD/JPY 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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CAD/JPY SHORT FROM RESISTANCE
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CAD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H 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 109.775 area.
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CHF/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
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Previous week’s green candle means that for us the CHF/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 168.960.
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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 0.935 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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EUR/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
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The BB upper band is nearby so EUR-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 159.518.
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NATGAS BULLISH BIAS RIGHT NOW| LONG
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Bullish trend on NATGAS, 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 2.163.
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EUR/USD BULLISH BIAS RIGHT NOW| LONG
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EUR/USD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.081 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
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It makes sense for us to go short on CAD/CHF right now from the resistance line above with the target of 0.644 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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AUD/CHF BEARISH BIAS RIGHT NOW| SHORT
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AUD/CHF 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 0.567.
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AUD/USD BULLS ARE STRONG HERE|LONG
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We are going long on the AUD/USD with the target of 0.662 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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GOLD BEST PLACE TO SELL FROM|SHORT
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GOLD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 17H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2008.483 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZDCHF BEARS ARE STRONG HERE|SHORT
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NZD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H 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 0.527 area.
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GBP/CHF BEARS WILL DOMINATE THE MARKET|SHORT
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GBP/CHF is making a bullish rebound on the 5H 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 1.094 level.
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GBP/USD BUYERS WILL DOMINATE THE MARKET|LONG
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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 1.264.
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USD/CAD SHORT FROM RESISTANCE
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We are now examining the USD/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 1.342 level.
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