FxWirePro: Norwegian Krone hovers towards 1-week low as oil plunges
May 22, 2020 10:59 am UTC| Technicals
The Norwegian Krone plunged to a 5-day low as the oil prices fell after China omitted 2020 growth target. Crude oil prices declined after China failed to set an economic growth target for 2020, stoking concerns about...
FxWirePro: USDCAD trades above 1.4000 level, jump till 1.4120 likely
May 22, 2020 10:42 am UTC| Technicals
Ichimoku Analysis (Daily chart) Tenken-Sen- 1.40197 Kijun-Sen- 1.40577 USDCAD has formed double bottom near 1.3860 and recovered more than 150 pips to 1.40354. The decline in crude oil prices and broad...
FxWirePro: USD/TRY steadies above 55-EMA, jump till 6.8247 likely
May 22, 2020 09:56 am UTC| Technicals
The Turkish Lira declined following downbeat tourist arrival data and on broad-based U.S. dollar strength. The number of foreigners visiting Turkey tumbled 99.26 percent year-on-year in April, due to the coronavirus...
FxWirePro: EUR/GBP consolidates above daily cloud, outlook bullish
May 22, 2020 09:28 am UTC| Technicals
EUR/GBP chart - Trading View EUR/GBP is trading rangebound on the day with session high at 0.8971 and low at 0.8942. The pair is consolidating break above daily cloud as Doji in the previous sessions candle dents...
FxWirePro: USD/DKK near 1-week peak, faces resistance at 21-EMA
May 22, 2020 08:57 am UTC| Technicals
The Danish Krone declined, extending previous session losses, as the greenback surged to a near 1-week peak. The dollar gained as worries about rising diplomatic tensions between the United States and China supported...
May 22, 2020 08:06 am UTC| Technicals
CADJPYresumes bearish swings on failure swings at the stiff resistance zone of 77.832 levels. Shooting star, hanging man, doji engulfing patterns pop-up at stiff resistance, consequently, bearish patterns intensify...
FxWirePro: AUD/JPY Daily Outlook
May 22, 2020 05:08 am UTC| Technicals
AUD/JPY chart - Trading View Technical Analysis: Bias Bearish GMMA Indicator: - Major Trend: Slightly Bullish - Minor Trend: Turning Bearish Ichimoku Analysis: - Price action in the pair is above daily...
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