
FxWirePro: USDCAD hits 8-month low as crude oil plunges sharply, jump till 1.3500 likely
Feb 28, 2020 10:07 am UTC| Technicals
As per analysis USDCAD surged sharply and hits 8-month high on weak crude oil prices. WTI crude oil hits fresh 52-week low at $45.06 as the spread of coronavirus will reduce Chinese import by 20% next month. The pair...

USDJPY: Trend line break out (Target 107.80)
Feb 28, 2020 10:06 am UTC| Technicals
Ichimoku Analysis (4-hour chart) Tenken-Sen- 110.51 Kijun-Sen- 110.27 USDJPY continues to trade lower for 5 consecutive days and lost more than 350 pips on the spread of coronavirus. Chinas National...

FxWirePro: EUR/GBP jumps to over 6-week peak on hard line in EU talks
Feb 28, 2020 09:55 am UTC| Technicals
The euro soared to an over 6-week peak against the British pound as Britain confirmed a hardline stance on trade talks with the EU. Moreover, the selling pressure around the British currency intensified as...

FxWirePro: Aussie plunges near 11-year low, likely to break below 0.6500
Feb 28, 2020 08:59 am UTC| Technicals
The Australian dollar plunged to a near 11-year trough amid diminishing hopes the coronavirus outbreak could be contained in China as infections spread around the globe. The Aussie was trading 0.5 percent down at...

FxWirePro: Silver remains highly volatile on Friday; hits lowest level since Dec 20, 2019
Feb 28, 2020 08:45 am UTC| Technicals
XAG/USD is currently trading around $17.25 marks. It made intraday high at $17.86 and low at $17.05 levels. Intraday bias remains bearish for the moment. A daily close above $17.40 will test key resistances...

Feb 28, 2020 08:30 am UTC| Technicals
Ichimoku Analysis (Hour chart) Tenken-Sen- $1644 Kijun-Sen- $1657.20 Gold has lost more than $30 after a minor recovery till $1660 despite strong selling in the global stock market. US markets...

FxWirePro: USD/ZAR touches 15.64 mark, hits highest level since September 2018
Feb 28, 2020 07:51 am UTC| Technicals
USD/ZAR is currently trading around 15.56 levels. It made intraday high at 15.64 and low at 15.46 levels. Intraday bias remains bullish till the time pair holds key support at 15.22 mark. A daily close...