
FxWirePro: USD/SEK rebounds from 2-1/2 month low, likely to break above 9.7000
May 22, 2020 11:55 am UTC| Technicals
The Swedish Krona declined as the dollar edged higher against a basket of peers as investors weighed the impact of the global economic lockdown. On Thursday, the pair fell a 2-1/2 -month low but retraced to close 0.4...

FxWirePro: Sell GBPJPY on rallies
May 22, 2020 11:20 am UTC| Technicals
Ichimoku Analysis (Daily Chart) Tenken-Sen- 131.24 Kijun-Sen- 132.37 GBPJPY failed to break above 132.50 and started to decline from that level. The pair struggled to close above Kijun-Sen for 2nd consecutive...

FxWirePro: USDCHF recovers on broad-based US dollar buying, good to buy on dips
May 22, 2020 11:17 am UTC| Technicals
Ichimoku Analysis (8-hour chart) Tenken-Sen- 0.96835 Kijun-Sen- 0.96996 USDCHF has taken support near the trend line and jumped more than 100 pips from a low of 0.96394. The broad-based US dollar buying due to new...

FxWirePro: AUD/NZD pivotal at 21-EMA support, break below to see more weakness
May 22, 2020 11:13 am UTC| Technicals
AUD/NZD chart - Trading View AUD/NZD was trading 0.17% lower on the day at 1.0702 at around 10:55 GMT. The pair is extending weakness for the 5th straight session, technical indicators have turned bearish. Aussie...

May 22, 2020 11:02 am UTC| Technicals
The gold price is edging above $1,730 levels, the precious yellow metal gains considerably from the last couple of days, especially after the lows of $1,455 levels. Technically, onXAUUSD(Gold) price chart, bulls bounce...

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...