FxWirePro: USD/CNY downtrend loses steam, remains on bearish path 
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red 
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness 
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch 
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum 
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 
FxWirePro: GBP/AUD drifts lower after BOE rate decision 
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision 
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains 
FxWirePro: GBP/AUD bears maintain upper hand 
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red 
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 
FxWirePro: USD/CNY dips to hit three year low,scope for further downside 
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
Technical Glance:EURCHFforms bearish engulfing pattern which has nudged price below DMAs. This bearish pattern has occurred at 1.1326 & 1.1344 levels on 4H plotting and 1.1522 levels that signals weakness in the major trend.
For now, more slumps seem to be on the cards upon bearish MACD & SMA crossovers (refer 4H chart).
While both leading oscillators (RSI and stochastic curves) show downward convergence to the prevailing price slumps that indicates the strength and bearish momentum in the selling sentiments.
The major trend that was in consolidation phase has now shown the failure swings at the stiff resistance of 1.1963.
The EURCHF exchange rate has already eased back below the 1.13 mark and has, therefore, returned into areas that are likely to begin causing the Swiss National Bank (SNB) discomfort.
Well, overall, on a broader perspective, the pair that was in the consolidation phase after a massive downtrend, bears have again managed to breach below major support zones – at 1.1375 (i.e. 21-EMAs) and 1.1297 (i.e. 7-SMAs), and now heading for retracing upto 50% Fibonacci levels (refer monthly plotting).
Trade Tips: Well, on trading perspective, at spot reference: 1.1285 levels, it is advisable to tunnel spreads using upper strikes at 1.1297 and lower strikes at 1.1260 levels, the strategy is likely to fetch leveraged yields with attractive risk-reward-ratio as long as the underlying spot FX keeps dipping below but remains above lower strikes on or before the expiration.
Alternatively, on hedging grounds, we advocate shorting futures contracts of mid-month tenors as the underlying spot FX likely to target southwards 1.1150 levels in the near 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 EUR spot index is inching towards -36 levels (which is neutral), while hourly CHF spot index was at 78 (bullish) while articulating (at 05:58 GMT). For more details on the index, please refer below weblink:
