
FxWirePro: USD/NOK rebounds from over 3-month trough, major resistance at 200-DMA
Jun 11, 2020 11:53 am UTC| Technicals
The Norwegian Krone plunged to a 1-week trough as the greenback bounced back against a basket of currencies. On Wednesday, the Federal Reserve signalled it plans years of extraordinary support for the U.S. economy,...

FxWirePro: XAU/USD Bears Paving Way For Fresh Longs – Technicals, Trading & Hedging Setup
Jun 11, 2020 11:38 am UTC| Technicals
The gold price has been edging above $1,730 levels, the resurgence of precious yellow metal is considerable from the last three days of trading sessions, especially after the test of strong support zone of $1,669.869...

FxWirePro: Copper struggles at channel top resistance, oversold oscillators may cause some downside
Jun 11, 2020 09:58 am UTC| Technicals
COPPER chart - Trading View Copper was trading 1.36% lower on the day at 2.64 at around 09:47 GMT. Price action struggles at channel top resistance, upside only on decisive break above, The pair might see some...

FxWirePro: USD/DKK drifts towards 3-month low, likely to break below 6.5225
Jun 11, 2020 09:49 am UTC| Technicals
The Danish Krone surged, extending gains for the fourth straight session as Denmark relaxed position on European Union recovery plan. Denmark has eased its position on the EUs economic recovery plan after the pandemic...

FxWirePro: EUR/JPY extends weakness for the 5th straight session, eyes 38.2% Fib at 120.60
Jun 11, 2020 09:40 am UTC| Technicals
EUR/JPY chart - Trading View EUR/JPY was has pared some losses, has edged higher from session lows and was trading 0.15% lower at 121.62 at around 09:30 GMT. The pair has been rejected at 200W SMA which is major...

FxWirePro: AUD/JPY extends weakness below 200H MA, outlook bearish, good to stay short on upticks
Jun 11, 2020 05:48 am UTC| Technicals
AUD/JPY chart - Trading View AUD/JPY was trading 1.00% lower on the day at 74.20 at around 05:25 GMT, bias has turned bearish. Recovery in the pair was capped at 5-DMA on Wednesdays trade and Gravestone Doji...

Jun 11, 2020 05:32 am UTC| Technicals
GBPJPYhas tumbled from the recent peaks of 139.744 to the current 135.727 levels, the pair has formed sharp gravestone doji and hanging man patterns amid this bearish rout. Consequently, bears are back in action upon...