FxWirePro: Sell US dollar index on rallies
Mar 20, 2020 07:39 am UTC| Technicals
Chart pattern- Bearish divergence DXY is trading higher for the past 2-weeks and hits 3-year high. US Fed QE is in record pace to counter coronavirus impact on economic growth. The central bank cuts rates to zero and...
FxWirePro: Chinese yuan strengthens as PBoC keeps Loan Prime Rate unchanged at 4.05 pct
Mar 20, 2020 07:11 am UTC| Technicals
USD/CNY is currently trading around 7.0667 marks. It made intraday high at 7.1082 and low at 7.0582 levels. Intraday bias remains bearish till the time pair holds key resistance at 7.1057 mark. A sustained...
FxWirePro: AUD/USD extends gains, 'Spinning Top' and 'Bullish Divergence' raise scope for upside
Mar 20, 2020 06:36 am UTC| Technicals Research & Analysis
AUD/USD chart - Trading View AUD/USD was trading 2.56% higher on the day at 0.5889 at around 06:15 GMT, bias is turning slightly bullish. The pair has bounced off from fresh multi-year lows on Thursdays trade with a...
Mar 20, 2020 06:15 am UTC| Technicals
Cable prices (GBPUSD) have collapsed considerably in the low liquid environment, with historically strong indicators not working at this juncture. The prevailing price action continues to lurch lower, consolidate...
FxWirePro: USD/INR back below 75.00 mark, sustained close below 73.74 requires for downside rally
Mar 20, 2020 06:12 am UTC| Technicals
USD/INR is currently trading around 74.40 marks. It made intraday high at 74.61 and low at 74.02 marks. Intraday bias remains slightly bearish for the moment. Key resistances are seen at 74.90, 76.50, 77.41,...
FxWirePro: USD/JPY edges lower amid broad US dollar retreat, near-term outlook remains bullish
Mar 20, 2020 05:08 am UTC| Technicals Research & Analysis
USD/JPY chart - Trading View Fundamental Overview: The US Dollar Index (DXY) edges lower from the three-year high following the downbeat news from New York and California. Also, Goldman Sachs projects U.S. jobless...
FxWirePro: Gold Short Term Outlook
Mar 20, 2020 04:56 am UTC| Technicals
Gold has formed double bottom around at 1455 and shown minor recovery. Short term trend is still weak as long as resistance $1500 (200-day MA) holds. US dollar index surges to 3- year high and putting pressure on the...
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