FxWirePro: USD/ZAR gains some ground, but downtrend remains 
FxWirePro: GBP/AUD edges lower, bearish outlook persists 
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts 
FxWirePro: USD/CAD eases slightly but trend is still bullish 
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely 
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments 
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop 
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90 
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560 
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108 
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening 
FxWirePro: EUR/ AUD neutral in the near term, scope further downside 
FxWirePro: NZD/USD retreats as Middle East instability weighs 
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop 
FxWirePro: AUD/USD eases as investors await U.S. employment figures 
FxWirePro: USD/CNY edges lower, scope for further downside 
FxWirePro: GBP/AUD eases slightly, focus on near-term support 
The pair has formed shooting star at 87.344 (refer last month’s candle on monthly plotting).
We’ve seen the back-to-back formation of the same pattern even in daily terms, ever since then you could easily observe the bearish effects of these patterns on the price curve.
These bearish patterns hamper uptrend momentum, but for today, bulls have countered to show the bounce back in prices after Dragon fly doji pattern which is bullish in nature.
While the major trend retraced more than 50% Fibonacci levels and seems edgy near 61.8% Fibonacci retracement levels, however, the consolidation phase seems to be intact.
The uptrend on daily term seems to be struggling for momentum as both RSI and stochastic curves are indicating indecisiveness amid the downward convergence.
The extension of consolidation phase only on breach and sustenance above 89.491 levels as bullish EMA crossover to substantiate the bullish stance.
A further uptrend in this consolidation likely to extend further bullish EMA crossover.
Trade Tips:
Well, contemplating above stated technical reasoning, on speculative grounds we advise bidding boundary binaries with upper strikes 88.181 and lower strikes at 87.947.
The trading between these strikes likely to derive certain yields in this puzzling trend and more importantly these yields are exponential from spot movements.
For cash or nothing, these options would be exercised if the forward prices to remain between both strikes (i.e. 88.181 > Fwd price > 87.947).
Currency Strength Index: FxWirePro's hourly AUD spot index is inching towards 151 levels (highly bullish), while hourly JPY spot index was at shy above 26 (mildly bullish) while articulating at 02:42 GMT. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex.
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