Major Pair Currency Score: EURUSD Extremely Bullish, AUDUSD Bullish, USDCAD Extremely Bearish 
FxWirePro- Woodies Pivot (Major) 
FxWirePro: USD/CAD extends decline, vulnerable to more downside 
JPY Major Currency Score: All Currencies Extremely Bearish 
FxWirePro: GBP/USD edges lower amid geopolitical tensions and inflation fears 
FxWirePro: GBP/AUD hovered near three month low , Outlook bearish 
FxWirePro: USD/JPY extends decline, vulnerable to more downside 
Market Outlook: Crypto Score Signals Extremely Bullish Structure Across BTC, ETH, SOL, and BNB 
FxWirePro: EUR/AUD gains modestly ahead of ECB policy decision 
FxWirePro- Woodies Pivot (Major) 
FxWirePro: USD/JPY hovers near 7-month low, Outlook strongly bearish 
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Key Level to Monitor: $600
BNB/USD pair showed a minor pullback after forming a minor bottom around $618. It hit a fresh all-time high $793 and is currently trading around $698.
Overall bias remains bullish as long as support $600 holds. It trades above the 34 and 55 EMA on the 4-hour chart. If the pair closes below $600, potentially leading to further declines towards $580/$550.
Immediate Resistance is at $725. A successful breakout above this resistance could suggest bullish momentum, with further gains possible towards $775/$812/$848/$1000.
Indicators (4-Hour Chart)
- Directional Movement Index: Neutral
- CCI (50): Bullish
Trading Strategy
Consider buying on dips around $650, with a stop-loss set at $600 and a target price of $1000.
