UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity 
FxWirePro: USD/ZAR rises as dollar gains on Fed hike bets 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
FxWirePro: USD/JPY sustains gains as uptrend remains strong 
Urban studies: Doing research when every city is different 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
FxWirePro- Woodies Pivot (Major) 
AUDJPY Surges Amidst Yen Weakness, Key Resistance Ahead 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Gold Pares Gains Amidst Dollar Strength; Technicals Signal Sell-on-Rally Opportunity 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
FxWirePro: USD/CAD hits two month high as Canadian as retail sales post monthly decline 
Add as a preferred source on Google
NZD/JPY chart on Trading View used for analysis
- NZD/JPY hits 3-month highs at 75.62 before paring some gains to currently trade at 75.22.
- Technical analysis shows bullish bias. Stochs and RSI are sharply higher and MACD supports upside.
- The pair has spiked past 55-EMA and has broken above major trendline resistance at 74.90.
- Volatility is rising as suggested by widenning Bollinger Bands. Price action has edged above major EMAs.
- Next bull target lies at 200-DMA at 75.95 ahead of 76.30 (Aug 1 high).
- We see weakness only on retrace below 110-EMA at 74.67.
Support levels - 74.67 (110-EMA), 74.45 (23.6% Fib)
Resistance levels - 75.54 (21, 26th Sept), 75.81 (38.2% Fib)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-JPY-Trade-Idea-1451943) has hit all targets.
Recommendation: Book partial profits, trail SL to 74.85, target 75.80/ 75.95
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
