GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
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GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.125 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/NZD pair.
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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 2,385.656 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/AUD SHORT FROM RESISTANCE
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Previous week’s green candle means that for us the GBP/AUD 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 1.949.
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GBP/USD SENDS CLEAR BEARISH SIGNALS|SHORT
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GBP/USD 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 1.313 area.
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USOIL BULLS ARE GAINING STRENGTH|LONG
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USOIL pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D 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 78.60 area.
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EUR/CHF BUYERS WILL DOMINATE THE MARKET|LONG
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We are going long on the EUR/CHF with the target of 0.941 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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BITCOIN BULLISH BIAS RIGHT NOW| LONG
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BITCOIN is making a bearish pullback on the 6H 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 59,735 level.
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EUR/NZD BEST PLACE TO SELL FROM|SHORT
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It makes sense for us to go short on EUR/NZD right now from the resistance line above with the target of 1.762 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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EUR/JPY BULLS ARE STRONG HERE|LONG
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Previous week’s red candle means that for us the EUR/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 160.064.
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NZD/USD BEARS WILL DOMINATE THE MARKET|SHORT
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NZD/USD pair is in the uptrend because previous week’s candle is green, 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 0.619 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GOLD SHORT FROM RESISTANCE
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GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2,474.891 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 GOLD pair.
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CAD/JPY BULLS ARE GAINING STRENGTH|LONG
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We are going long on the CAD/JPY with the target of 108.361 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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USOIL BUYERS WILL DOMINATE THE MARKET|LONG
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We are now examining the USOIL 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 73.19 level.
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NZD/JPY BULLISH BIAS RIGHT NOW| LONG
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It makes sense for us to go long on NZD/JPY right now from the support line below with the target of 91.404 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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CHF/JPY BEST PLACE TO BUY FROM|LONG
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Previous week’s red candle means that for us the CHF/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 170.058.
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GBP/CAD BEARS ARE STRONG HERE|SHORT
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GBP-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.768 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/CAD pair.
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GOLD LONG FROM SUPPORT
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GOLD 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 2,523.250 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBP/AUD BEARS WILL DOMINATE THE MARKET|SHORT
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GBP/AUD 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 1.921 area.
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EUR/AUD SENDS CLEAR BEARISH SIGNALS|SHORT
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We are targeting the 1.634 level area with our short trade on EUR/AUD 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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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
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EUR/CAD 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 1.488 level.
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EUR/USD BULLS ARE STRONG HERE|LONG
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EUR/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.105 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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USOIL BUYERS WILL DOMINATE THE MARKET|LONG
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The BB lower band is nearby so USOIL 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 76.95.
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AUD/USD BULLISH BIAS RIGHT NOW| LONG
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Previous week’s red candle means that for us the AUD/USD 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 0.680.
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