Should I take zinc or eat oysters to ward off colds, boost my immune system or improve fertility? 
FxWirePro: GBP/USD recovers some ground but bearish outlook persist 
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought 
FxWirePro: NZD/USD snaps eight-day losing streak 
AUDJPY: Range-Bound Action Amidst Mixed Technical Signals 
FxWirePro: GBP/NZD remains bullish as rally continues 
EURUSD Recovers Amidst Dollar Weakness, Eyeing Key Resistance Levels 
FxWirePro: GBP/AUD uptrend loses steam, remains on bullish path 
FxWirePro: NZD/USD recovers slightly but bearish outlook persist 
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6700 
EURJPY: Navigating Mixed Signals with a Bullish Lean 
FxWirePro- Major Pair levels and bias summary 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
FxWirePro- Major Pair levels and bias summary 
The government is ‘doubling down’ on its social media ban. But bigger penalties for platforms aren’t enough 
EURAUD has constantly been spiking from last three days, amid this bullish rout it has broken stiff resistance at 1.5892 levels, bullish sentiments are intensified as the current prices have gone well above DMAs (refer daily charts).
Failure swings at the stiff resistance were observed in the recent past at this juncture. But for now, as the bulls have managed to break out this level decisively, more rallies seem to be on the cards upon the sustenance above this resistance coupled with bullish SMA & MACD crossovers.
While on a broader perspective, the long-lasting range-bounded major trend persists (refer rectangular monthly plotting).
Hanging man pops up at peaks of rallies (at 1.6036 levels) coupled with overbought signal by leading oscillators on this timeframe, thereby, bears likely to drag range bounded trend, while both leading indicators (RSI & stochastic curves) on this timeframe signal further weakness.
Although there is some minor bullish sentiments are observed in the short-run, overbought pressures are seen from last three-four months, it alarms bears trying to take over the rallies as the slow stochastic noises with %D line cross over.
Contemplating prevailing bullish sentiments in the short-run, on trading perspective, debit call spreads are advocated as the buying indications are piling up on daily graph.
Execute strategy by, buying 2w (1%) In-The-Money 0.69 delta call option and short 2w (1%) Out-Of-The-Money call option for net debit. The strategy can be executed at net debit. Remember, deep in the money call with a very strong delta will move in tandem with the underlying, while short leg on Out-Of-The-Money call option is recommended to reduce the cost of hedging by financing long position in In-The-Money call option.
Currency Strength Index: FxWirePro's hourly EUR spot index has shown 17 (which is neutral), while AUD is flashing at -72 (bearish), while articulating at 08:48 GMT.
For more details on the index, please refer below weblink:
