All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness 
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red 
FxWirePro: AUD/USD gains some ground but outlook is bearish 
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: AUD/USD cedes early gains ,outlook bearish 
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum 
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision 
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD drifts lower after BOE rate decision 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
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 
Chart and candlestick patterns:
- USDCAD bulls have been extending upswings further despite the formation of hanging man at 1.3484 and 1.3609 levels. Bulls disregard this bearish pattern and drags rallies above DMAs as we see rallies are backed-up by technical indicators, rallies are halted, for now, on shrinking bullish momentum for the today, while both trend indicators are still in tandem with the price rallies.
- The minor trend has constantly been taking support at 7DMAs and at the uptrend line (refer daily chart).
- While the major trend has been spiking through ascending channel pattern which is again bullish in nature, shooting star pops-up at channel resistance and hammer pattern at channel supports (refer monthly plotting). These candlestick patterns develop rising channel. Currently, the major uptrend spike above 7EMAs on the strong channel support, the prevailing strength in the uptrend is in conformity to the both momentum oscillators (RSI & stochastic curves) and trend indicators (EMA & MACD’s bullish crossover) on this timeframe.
Trade tips:
- The current spot reference is hovering above 7 & 21-DMA levels (spot ref: 1.3595 levels), contemplating above bullish technical rationale in the major trend and today’s mild bearish swings of this pair, it is wise to trade boundary spread options strategy using upper strikes of 1.3625 levels and lower strikes at 1.3560 levels to attain exponential yields.
- As we could foresee upside risks in the weeks to come, on hedging grounds, we advocate initiating longs in USDCAD futures contracts of mid-month tenors with a view to arresting further upside risks.
Currency Strength Index: FxWirePro's hourly CAD spot index is flashing at -30 levels (which is mildly bearish), while hourly USD spot index was at 37 (bullish), while articulating at (11:40 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
