VIX BULLISH BIAS RIGHT NOW| LONG
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VIX downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 22.04 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 VIX pair.
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EUR/CHF BEARISH BIAS RIGHT NOW| SHORT
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EUR/CHF pair is in the downtrend because previous week’s candle is red, while the price is evidently 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 0.931 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/NZD BEST PLACE TO SELL FROM|SHORT
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EUR/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H 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 1.793 area.
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BITCOIN BEARS ARE STRONG HERE|SHORT
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We are targeting the 55,550 level area with our short trade on BITCOIN 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 SHORT FROM RESISTANCE
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EUR/CAD is making a bullish rebound on the 2H 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 1.498 level.
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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 0.614.
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USD/JPY BEST PLACE TO SELL FROM|SHORT
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We are targeting the 141.999 level area with our short trade on USD/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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USOIL BEARS ARE GAINING STRENGTH|SHORT
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USOIL is trending down which is clear 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 66.69.
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USD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
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USD/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly 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 1.341 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/USD BULLISH BIAS RIGHT NOW| LONG
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GBP/USD 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 1.322 area.
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EUR/USD SHORT FROM RESISTANCE
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The BB upper band is nearby so EUR-USD 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 1.101.
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GOLD BEARS ARE STRONG HERE|SHORT
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GOLD is making a bullish rebound on the 12H 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 2,471.289 level.
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CAD/JPY BULLS WILL DOMINATE THE MARKET|LONG
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Previous week’s red candle means that for us the CAD/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 108.419.
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NZD/CHF BEST PLACE TO SELL FROM|SHORT
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NZD/CHF is making a bullish rebound on the 1H 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 0.519 level.
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AUD/CHF BEARISH BIAS RIGHT NOW| SHORT
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We are targeting the 0.563 level area with our short trade on AUD/CHF 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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SILVER BEARS ARE GAINING STRENGTH|SHORT
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SILVER pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 27.896 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
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NZD/JPY 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 91.562 area.
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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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