
FxWirePro: USD/NOK rebounds from multi-month lows, faces strong resistance at 10-DMA
Aug 07, 2020 10:54 am UTC| Technicals
The Norwegian Krone declined, drifting further away from a 6-month peak recorded in the prior session as crude oil prices tumbled on fuel demand fears, while greenback rebounded from over 2-year lows. Crude oil prices...

FxWirePro: USD/JPY comatose below 5-DMA, focus on key NFP data for impetus
Aug 07, 2020 10:17 am UTC| Technicals
USD/JPY chart - Trading View USD/JPY was trading largely muted at 105.57 at around 07:25 GMT. Caution prevails ahead of key U.S. NFP data. The dollar is seeing slight bids during the European session. The latest...

FxWirePro: Sell CADJPY on rallies
Aug 07, 2020 10:16 am UTC| Technicals
Ichimoku Analysis (Daily chart) Tenken-Sen- 78.74 Kijun-Sen- 78.88 CADJPY continues to trade lower for 2nd consecutive days on strong yen. The pair jumped more than 200 pips from the minor bottom of...

FxWirePro: USD/DKK halts 3-day losing streak, major resistance at 10-DMA
Aug 07, 2020 09:15 am UTC| Technicals
The Danish Krone eased, halting a 3-day winning streak as the greenback rebounded across the board. The dollar index bounced back from an over 2-year low recored in the prior session following another escalation in...

FxWirePro: USDCHF faces strong resistance at 0.9150, break above targets 0.9245
Aug 07, 2020 09:12 am UTC| Technicals
Ichimoku Analysis (4-hour chart) Tenken-Sen- 0.91029 Kijun-Sen- 0.91454 USDCHF recovered more than 90 pips from a low of 0.90502 on broad-based US dollar buying. The renewed trade tension between the...

FxWirePro: GBPJPY Daily outlook
Aug 07, 2020 08:36 am UTC| Technicals
Ichimoku Analysis (1-Hour chart) Tenken-Sen- 138.50 Kijun-Sen- 138.74 GBPJPY is trading slightly lower after hitting a high of 139.23. The intraday trend is still on the higher side as long as support...

Aug 07, 2020 06:27 am UTC| Technicals
Cable prices have continued to consolidate after edging above 1.31 areas but for now, mild overbought pressures are seen. Technically, bulls have managed to breakout the stiff resistances decisively, the current price...