FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro- Major Pair levels and bias summary 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
The US dollar bulls seem to have taken a halt in the tight range between 1.3588 and 1.3378 against CAD, the bulls’ momentum shrinking away in tight range, after last week’s long legged doji formation at 1.3496 levels, this week again the formation of long legged doji is the most likely (see weekly plotting).
While CAD bulls gaining traction in this tight range on account of OPEC’s meeting that is scheduled on this 30th (see both daily and monthly plotting).
Although the current prices are consistently spiking well above DMAs testing upper range as the stiff resistance at 1.3588 to go in the narrow range.
For now, the breach above exposes more upside potential due to more bullish momentum offered by leading oscillators on monthly terms.
On a broader perspective, as you can probably make out from monthly plotting, ever since the pair has taken supports at 1.3070 levels, bulls in major trend resumed and since then prices spiking higher again above 7EMA to resemble a handle pattern in conjunction with the saucer pattern earlier.
Both leading oscillators signal buying interests on this timeframe, as RSI (14) evidences a bullish convergence with the rising prices above 62 levels after testing support at 52 levels multiple times in the past, so we believe there has been buying sentiments atleast in the medium run.
While stochastic has been quite decisive on both weekly and monthly terms to signal momentum in this buying sentiment but slightly bullish bias over medium terms.
To substantiate this bullish stance, MACD’s bullish crossover above zero levels signals uptrend to prolong further.
If the intermediate bulls manage to break above upper range (i.e 1.3588), then the rallies continue to persist, as a result, handle pattern is possible in coming months. Hence, to participate in this bull run we encourage option spreads like patterns to keep our FX portfolio safeguarded regardless of swings. We come up with such strategy in our upcoming write-ups.
