Stock Futures Dip as Investors Await Key Payrolls Data 
AI Memory Boom Sparks Global Chip Supply Crunch 
FxWirePro: USD/CAD uptrend loses steam, remains on bullish path 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
NZDJPY: The Kiwi Yen's Bull Run Hits a Brick Wall at 92 — Sell the Rally? 
How AI prompting turned writerly description into an everyday skill 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
FxWirePro- Major Crypto levels and bias summary 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
Sterling Slump Sends GBPJPY Toward 212.60 — Bearish EMA Stack Eyes 210 
NZDJPY Bears Reload as 92 Resistance Caps Bounce; Sell-on-Rallies Eyed Toward 90 
2025 Market Outlook: Key January Events to Watch 
FxWirePro: USD/JPY edges higher as the yen remains vulnerable despite repeated warnings of intervention. 
Back in last April 2018 (on April 11thto be precise) and again in the recent past (on July 30th), we kept reiterating the bearish potential of this pair quite often even when bulls superficially showed some upswings.
Dear readers, before we deep dive into this article, let’s just quickly glance through our previous post, follow below weblink for the clarity about the trend:
Hadn’t we raised cause of concerns on major downtrend in the above write-up?
Well, the thumb rule so as to make our trades successful is that, never forget “trend is your friend”.
You can, now, observe AUDJPY’ssteep slumps below DMAs after the formation of spinning top pattern, for now,more slumps seem to be likely upon bearish DMA and MACD crossovers and intensified bearish momentum as both RSI and stochastic curves show downward convergence to the prevailing slumps (refer daily chart).
While the major trend is stuck between 38.2% and 23.6% Fibonacci retracement levels, back-to-back gravestone doji and shooting star have occurred in the recent months that evidence failure swings 21-EMAs, Engulfing pattern drags price slumps below 7EMAs, Both RSI & stochastics signal bearish momentum (refer monthly chart).
Trade tips: On trading grounds, at spot reference: 81.295 levels, one touch put options are advocated for targets upto 81.180.
Alternatively, on hedging grounds, we advocate shorting futures contracts of mid-month tenors as the underlying spot FX likely to target southwards 80.500 levels in the medium run.
Writers in a futures contract are expected to maintain margins in order to open and maintain a short futures position.
Currency Strength Index: FxWirePro's hourly AUD spot index is inching towards -177 levels (which is highly bearish), while hourly JPY spot index was at 171 (bullish) while articulating (at 05:26 GMT). For more details on the index, please refer below weblink:
