Bitcoin Flat Near 77k as US-Iran Tensions Escalate; ETF Inflows Near $1B for the Week 
FxWirePro: GBP/AUD recovers slightly but outlook is still bearish 
FxWirePro: GBP/USD gains on upbeat UK retail sales data 
FxWirePro: EUR/ NZD under pressure after early buying dries up 
FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800 
FxWirePro: NZD/USD edges lower as Geopolitical risks keep risk sentiment fragile 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ JPY remains buoyant, looks to extend gains 
AUDJPY Dip-Buy Setup: 113.58 Entry Aims for 115 
FxWirePro- Major Pair levels and bias summary 
FxWirePro-Major European Indices 
FxWirePro: EUR/AUD tight ranges prevail as market waits for fresh catalyst 
FxWirePro: GBP/NZD continues to recovers , upside pressure builds 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR gains upside momentum as bulls take charge 
The rejection at the stiff resistance of 1.5678 levels forms shooting star pattern candle that evidences slumps to hamper the consolidation phase in the major trend.
Historically, you could make out the prices have tumbled as it failed to sustain above this resistance level.
On intraday terms, two bearish engulfing pattern candles have popped up at 1.5690 and 1.5536 levels respectively. Consequently, bears attempt to breach below strong support at 1.5488 levels and the current prices slide below DMAs to substantiate weakness in this pair.
Most noticeably, the selling sentiments are backed by both momentum & trend indicators.
Even if you see any abrupt rallies that seem to be unlikely to sustain above 7-DMA levels for today (refer daily chart).
The major trend that was sliding southwards through a sloping channel, has now been able to break-out this channel resistance, extended the consolidation phase.
However, extended upswings can be foreseen only upon break-out above stiff resistance of 1.5678 levels. Because both leading oscillators pop up overbought noises at this juncture.
Having said that, we conclude by stating, overall, the major trend seems slightly edgy for now, while the short-term trend may intensify bearish sentiments upon breach below strong support of 1.5488 levels.
Trading tips:
Contemplating prevailing bearish sentiments, on trading grounds, it is advisable to snap deceptive rallies and deploy tunnel spreads with upper strikes at 1.5553 and lower strikes at 1.5488 with a view to arresting downside risks in the underlying spot movements.
Currency Strength Index: FxWirePro's hourly EUR spot index has turned into -50 (which is bearish), while hourly AUD spot index was at 86 (which is bullish) at 10:42 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:
