NZDJPY Poised for Downtrend as Resistance Holds Firm 
NZDJPY Pullback: Bearish Trend Favors Sellers Below 92.50 Resistance 
ETHUSD Forms Double Bottom at $1500, Signaling Potential Bullish Reversal 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
FxWirePro: USD/CAD steadies around 1.4220 ,retains bid one 
FxWirePro USD/JPY eases slightly ahead Of US June jobs report 
FxWirePro: GBP/AUD uptrend loses steam, remains on bullish path 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Trump has made more than $1 billion from crypto in a year. How? 
FxWirePro: USD/CAD slips on softer US payrolls but near-term direction hinges on 1.4154 support 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Pair levels and bias summary 
AUDJPY Faces Headwinds: Selling on Rallies Advised as Bearish Trend Emerges 
Hammer pattern candle has occurred at 88.140 levels (on 2H charts).
Hammer offers support to bulls, as a result, the current prices spike above 7SMAs with gaining momentum.
On a broader perspective, bulls have managed to retrace 50% Fibonacci levels and bounce back above 7-EMAs levels in the consolidation phase.
After 1 year of consolidation phase from the lows of 72.437 levels (Jun’16 lows) now seems to be gaining traction for more upside targets.
Most importantly, bullish pattern have occurred as stated above, more rallies on cards as the breach above 50% Fibonacci retracements has been a better bullish clarity, the current prices on this timeframe have also spiked EMA curves with bullish EMA crossover.
To substantiate this strength, both leading oscillators are converging to these upswings, stochastic evidences %k crossover right from the oversold zone (on 2H chart) to signal the intensified buying sentiments. While RSI is also showing considerable strength in the uptrend, Same has been the case on monthly plotting, even after inching towards overbought zone it is signaling buying sentiments.
MACD has remained below zero level but no deviation from the signal offered by leading oscillators, the uptrend is likely to extend further.
Trade Tips:
Well, contemplating above stated technical reasoning, on speculative grounds we advise buying one touch binary call options on every dip.
This strategy is likely to fetch leveraged yields than spot FX as the underlying spot FX keeps rising upwards.
Currency Strength Index: FxWirePro's hourly AUD spot index is inching towards -51 levels (bullish), while hourly JPY spot index was at shy above 82 (bullish) at the time of articulating. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit:
