FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
FxWirePro: USD/ZAR sell bias remains below key resistance zone 
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout 
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level 
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 
FxWirePro: EUR/AUD downward momentum remains in place 
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar 
FxWirePro- Major Pair levels and bias summary 
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit 
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets 
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/JPY edges higher but bulls lack punch 
Major support- 100
Major resistance- 102
DXY showed a minor sell-off after mixed economic data. It hit a high of 101.83 at the time of writing and is currently trading around 101.59.
|
Time (GMT) |
Currency |
Event |
Actual |
Forecast |
Previous |
|
12:30 pm |
US |
PPI y/y |
1.7% |
1.8% |
2.2% |
|
|
|
Core PPI y/y |
2.4% |
2.5% |
2.4% |
|
|
|
PPI m/m |
0.20% |
0.10% |
0% |
|
|
|
Core PPI m//m |
0.30% |
0.20% |
0% |
|
|
US |
Unemployment claims |
230K |
227K |
228K |
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 87% from 60% a week ago.
On the lower side, near-term support is around 101.50 and the violation below will drag the index down to 101.20/100.60/100/99.57/99/98. Significant resistance is around 102 and breach above targets 102.75/103.22. Overall bearish invalidation only above 104.
Indicator (4-hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
ADX- Neutral
It is good to sell on rallies around 101.78-80 with SL around 102.40 for a TP of 100.
