GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
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We are targeting the 2,571.814 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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AUD/CHF BULLISH BIAS RIGHT NOW| LONG
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We are now examining the AUD/CHF 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 0.584 level.
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NZD/CHF BEST PLACE TO BUY FROM|LONG
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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 0.531 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/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
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We are now examining the GBP/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 1.119 level.
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NG1! SHORT FROM RESISTANCE
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NG1! uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.420 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 NG1! pair.
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GBP/AUD BEARS WILL DOMINATE THE MARKET|SHORT
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GBP/AUD pair is in the downtrend because previous week’s candle is red, while the price is clearly 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 1.910 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
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USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H 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 71.68 area.
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BITCOIN BEARISH BIAS RIGHT NOW| SHORT
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It makes sense for us to go short on BITCOIN right now from the resistance line above with the target of 60,642 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 SELL FROM|SHORT
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Previous week’s green candle means that for us the GBP/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 182.891.
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EUR/CHF BEARS ARE STRONG HERE|SHORT
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EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.936 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/CHF pair.
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EUR/NZD SHORT FROM RESISTANCE
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EUR/NZD pair is in the downtrend because previous week’s candle is red, while the price is clearly 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 1.768 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
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USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D 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 64.95 area.
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EUR/AUD SENDS CLEAR BULLISH SIGNALS|LONG
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We are going long on the EUR/AUD with the target of 1.663 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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EUR/JPY BEARS ARE GAINING STRENGTH|SHORT
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We are now examining the EUR/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 159.020 level.
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EUR/CAD BUYERS WILL DOMINATE THE MARKET|LONG
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It makes sense for us to go long on EUR/CAD right now from the support line below with the target of 1.502 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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AUD/USD SHORT FROM RESISTANCE
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AUD/USD 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 0.686 area.
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EURCAD Will Move Higher! Long!
Take a look at our analysis for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.493.
The above observations make me that the market will inevitably achieve 1.497 level.
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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GOLD BEARISH BIAS RIGHT NOW| SHORT
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Previous week’s green candle means that for us the GOLD 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 2,555.681.
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EUR/GBP BEST PLACE TO BUY FROM|LONG
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EUR-GBP downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.847 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/GBP pair.
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USD/CHF BEARS ARE STRONG HERE|SHORT
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USD/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.839 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USD/CAD BEARS ARE GAINING STRENGTH|SHORT
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It makes sense for us to go short on USD/CAD right now from the resistance line above with the target of 1.374 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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SILVER BEARS WILL DOMINATE THE MARKET|SHORT
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We are going short on the SILVER with the target of 29.507 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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NZD/USD SENDS CLEAR BULLISH SIGNALS|LONG
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NZD/USD 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 0.636 level.
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