US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: AUD/USD cedes early gains ,outlook bearish 
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next 
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path 
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision 
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness 
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 
Technical Glance: Well, gold (XAUUSD price) has continued to sense buying sentiments after testing supports at $1,291.72 levels (i.e. 7-DMAs), the formation of “hammer and 3-white soldier pattern candlesticks” has stimulated bullish environment.
Hammer occurred at $1,201.95 and $1,238.07 levels, 3-white soldier occurred at $1,293.10 level on daily plotting. Consequently, bulls have taken-off rallies above DMAs, the ongoing bullish rallies are most likely to test the stiff resistance at $1,298.50 levels.
More rallies likely as the technical indicators (both momentum and trend oscillators) on this timeframe, are in conformity to the prevailing uptrend. DMAs and MACD also show bullish crossover that indicate upswings to prolong further.
The major trend resume consolidation phase after the formation of hammer patterns at the double top neckline (refer monthly plotting). As a result, the current price on this timeframe, has spiked above EMAs with most likely bullish crossover. Both RSI and stochastic curves, also converge upwards to the upswings.
Trading tips:At spot reference: $1,292 level, on trading grounds, as stochastic curves are in overbought territory, to participate in the current uptrend one can trade this commodity with boundary options with upper strikes at 1,299 and lower strikes at 1285 levels. The strategy is likely to fetch leveraged yields as long as the underlying price remains between above strikes on the expiration.
Alternatively, on hedging grounds, we advocated long positions in CME gold contracts for Jan’19 delivery, when the underlying was trading at $1,280/oz. We now continue to hold onto the same strategy by rolling over the contracts to February delivery as we could foresee more upside risks.
Currency Strength Index: FxWirePro's hourly EUR is at 101 (bullish), hourly USD spot index is inching towards -57 levels (bearish), while articulating at 12:03 GMT.
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
