Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
FxWirePro- Woodies pivot (Major) 
FxWirePro : AUD/USD drifts lower, could be on verge of bigger drop 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
FxWirePro: USD/JPY consolidates gains, 163 eyed 
Should I take zinc or eat oysters to ward off colds, boost my immune system or improve fertility? 
BTCUSD Recovers Amid Easing Tensions, But Resistance Looms 
Despite its best efforts, Iran won’t be able to toll the Strait of Hormuz. Here’s why 
FxWirePro: GBP/NZD sustains gains as uptrend remains strong 
Trump has made more than $1 billion from crypto in a year. How? 
ETHUSD Forms Double Bottom at $1500, Signaling Potential Bullish Reversal 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Tumbles Below $60,000 Amidst Persistent ETF Outflows 
The government is ‘doubling down’ on its social media ban. But bigger penalties for platforms aren’t enough 
NZDJPY traders on minor trend are extending inverse saucer formation which is bearish in nature, current prices have constantly been sliding below SMAs, while both leading & lagging indicators to substantiate bearish sentiments (refer 2H chart).
As the trade began today with minor spikes, bears resume with the shooting star at around 80.468 levels that ensured price restrained below 7SMAs.
On intermediate trend, bulls have managed to test the strong support at 75.965 levels and converted previous double top formation into the double bottom pattern with bottom 1 at 75.626 and bottom 2 at 76.090 levels (refer weekly chart). Current prices are well above EMAs in this timeframe.
RSI converges to the ongoing price that signals weakness, while on the contrary, on weekly plotting, there has been constant upward convergence to along with the price spikes.
Bearish momentum in short-term selling sentiments are intensified as stochastic oscillator entered in the oversold zone but still evidences %D crossover which is again bearish signal, this is adverse on weekly terms.
MACD edging in bearish trajectory substantiates price dips to prolong further, this is again adverse on intermediate term, and the upswing extension is likely.
Hence, on trading perspective, we recommend shorting rallies by buying binary put options for southward targets.
At spot reference: 77.052, contemplating lingering bullish indications in intermediate trend, on hedging grounds we recommend adding longs in near-month month futures as the underlying spot FX likely to target upwards upto 83.780 levels in the medium run.
The holders in a futures contract are expected to maintain margins in order to open and maintain a long futures position.
Currency Strength Index: FxWirePro's hourly NZD spot index is inching towards 18 levels (which is neutral), while hourly JPY spot index was at 115 (highly bullish) while articulating (at 09:13 GMT). 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:
