FxWirePro:GBP/NZD retreats slightly but trend is still bullish 
If you squat in a vacant property, does the law give you the house for free? Well, sort of 
FxWirePro: GBP/NZD extends gains, faces 23.6%fib resistance 
FxWirePro- Ethereum Daily Outlook 
FxWirePro- Silver Daily Outlook 
FxWirePro- BGBUSD (Chart of the day) 
FxWirePro: GBP/AUD under pressure after early buying dries up 
FxWirePro: EUR/AUD positions for another climb, eyes 1.6650 level 
FxWirePro: EUR/NZD sustains gains despite on going geopolitical risks 
FxWirePro- BTCUSD Daily Outlook 
The big dry: forests and shrublands are dying in parched Western Australia 
‘They don’t have enough’ – schools in England are running food banks for families 
FxWirePro: GBP/NZD beginning to trend higher but hurdle ahead 
FxWirePro:EUR/NZD getting back on track for run toward 1.8100 level 
FxWirePro: GBP/AUD uptrend looks tired, but continues to hold 
Technically, USDTRY current price on daily terms, has been sliding below 21-DMAs through sloping channel.
For now, the failure swings are observed exactly at the channel resistance, most likely back-to-back shooting stars are possible. Yesterday, the bearish pattern (shooting star) has occurred at 5.4404 levels. Consequently, the current price slid well below 21DMAs.
While both leading and lagging indicators are in tandem with ongoing slumps.
The current intermediate trend slides below 21EMAs, both leading and lagging indicators on this timeframe are also in sync with the downtrend (refer weekly plotting).
RSI and stochastic curves are showing downward convergence that indicates the intensified bearish momentum.
We had advocated FX derivatives to arrest bearish risks in our recent post, for now, we like to uphold short hedges by deploying short positions in futures contracts of mid-month tenors.
On daily trading grounds, as the stiff resistance is observed at 5.5234 levels, it is wise to snap deceptive rallies and deploy tunnel spreads using upper strikes at 5.5234 and lower strikes at 5.3535 levels.
Currency Strength Index: FxWirePro's hourly USD spot index is inching towards 45 levels (which is bullish), while articulating (at 13:52 GMT). For more details on the index, please refer below weblink:
