The four types of dementia most people don’t know exist 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains 
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance 
FxWirePro- Woodies Pivot(Major) 
God on their side: how the US, Israel and Iran are all using religion to garner support 
What does China’s host bid mean for the High Seas Treaty? 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm 
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
How will the Iran war change the Middle East? We asked 5 experts 
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback 
NZDJPY traders on minor trend are extending inverse saucer formation which is bearish in nature, current prices have constantly been sliding below SMAs, while both leading & lagging indicators to substantiate bearish sentiments (refer 2H chart).
As the trade began today with minor spikes, bears resume with the shooting star at around 80.468 levels that ensured price restrained below 7SMAs.
On intermediate trend, bulls have managed to test the strong support at 75.965 levels and converted previous double top formation into the double bottom pattern with bottom 1 at 75.626 and bottom 2 at 76.090 levels (refer weekly chart). Current prices are well above EMAs in this timeframe.
RSI converges to the ongoing price that signals weakness, while on the contrary, on weekly plotting, there has been constant upward convergence to along with the price spikes.
Bearish momentum in short-term selling sentiments are intensified as stochastic oscillator entered in the oversold zone but still evidences %D crossover which is again bearish signal, this is adverse on weekly terms.
MACD edging in bearish trajectory substantiates price dips to prolong further, this is again adverse on intermediate term, and the upswing extension is likely.
Hence, on trading perspective, we recommend shorting rallies by buying binary put options for southward targets.
At spot reference: 77.052, contemplating lingering bullish indications in intermediate trend, on hedging grounds we recommend adding longs in near-month month futures as the underlying spot FX likely to target upwards upto 83.780 levels in the medium run.
The holders in a futures contract are expected to maintain margins in order to open and maintain a long futures position.
Currency Strength Index: FxWirePro's hourly NZD spot index is inching towards 18 levels (which is neutral), while hourly JPY spot index was at 115 (highly bullish) while articulating (at 09:13 GMT). For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit:
