FxWirePro: Daily Commodity Tracker - 4th August, 2020
Aug 04, 2020 12:50 pm UTC| Technicals
Daily Commodity...
FxWirePro: AUD/NZD grinds higher, on track to test major trendline resistance at 1.0830
Aug 04, 2020 12:41 pm UTC| Technicals
AUD/NZD chart - Trading View AUD/NZD is extending grind higher, extends gains along rising 5-DMA. The pair was trading 0.21% higher on the day at 1.0793 at around 12:30 GMT. Price action is extending gains for the...
FxWirePro: USD/SEK retreats from 2-year trough, faces resistance at 8.8000
Aug 04, 2020 11:56 am UTC| Technicals
The Swedish Krona declined, hovering away from a 2-year peak as the dollar edged up against a basket of currencies. The dollar index nudged higher after U.S. lawmakers said they had made progress in talks on a new...
FxWirePro: Norwegian Krone hovers towards 1-week low as crude oil declines
Aug 04, 2020 10:56 am UTC| Technicals
The Norwegian Krone declined, extending losses for the fouth straight session as crude oil prices declined on fuel demand concerns. Crude oil prices declined amid concerns that a nascent recovery in fuel demand could...
FxWirePro: EURUSD faces strong support at 10-day MA, good to sell on rallies
Aug 04, 2020 10:38 am UTC| Technicals
Ichimoku Analysis ( Daily chart) Tenken-Sen- 1.17081 Kijun-Sen- 1.15470 EURUSD took support near 10- day MA and shown a nice recovery. Markets eye US government relief package for further direction....
FxWirePro: USDCAD Daily Outlook
Aug 04, 2020 10:30 am UTC| Technicals
Ichimoku analysis (1-hour chart) Tenken-Sen- 1.33797 Kijun-Sen- 1.34061 USDCAD is trading in a narrow range between 1.3333 and 1.34511 for the past one month. The Canadian dollar is gaining against for...
FxWirePro: USD/DKK retreats from 1-week peak, likely to break below 6.3000
Aug 04, 2020 09:56 am UTC| Technicals
The Danish Krone surged, hovering towards a over 2-year peak recorded last week as the greenback eased across the board. The dollar index declined, weighed down by political wrangling over a U.S. relief plan and the...
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