Asian markets trading slightly higher following foot steps of US markets. US markets closed slightly higher on account of better than expected Q2 results. Almost more than 80% of companies in S&P500 posted better than expected corporate earnings. China China reacted to the recent trade tariff by imposing import tariff of $60 billion worth of U.S goods on Friday. Mr Trump threatened to apply tariffs to all $505 billion of Chinese imports. Chinese market halted its weakness and shown a minor of jump of more than 1%. It is currently trading around 2738. US market has closed slightly higher yesterday with Dow Jones at 25502 (0.16% higher) and S&P500 2850 (0.35% higher). USD/JPY which is the main indicator of geo political tension is trading slightly lower on rising trade war tension . US futures is trading flat with Dow Jones at 25533 (0.16% higher) and S&P500 2849 (0.07% higher). Nikkei is currently trading around 22605 0.15% higher as index heavy weight Softbank posted better than expected quarterly results.
USD/JPY is trading slightly lower after hitting high of 112.15 and is currently trading around 111.32 (0.06% lower).
On the lower side, index major support is around 22570 (55- day EMA) and any break below will drag the index down till 22370 (200- day MA)/22240/22000/21750.
The near term resistance is around 22650 and any convincing break above will take the index to next level till 22800/23050/23200.
It is good to buy on dips around 22350-400 with SL at 22150 for the TP of 23040.


FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro: AUD/USD firms after upbeat consumer spending data
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: NZD/USD turns lower as USD regains footing
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities 



