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Crypto Technicals: ETH/USD hovers around 5-DMA, overbought conditions may lead to further unwinding

May 17, 2019 11:17 am UTC| Digital Currency Technicals

ETH/USD chart - Trading View Exchange - Coinbase Support: 193 (21-EMA); Resistance: 300 Technical Analysis: Bias Bullish ETH/USD extends retrace from 8-month highs of 281 The pair slumped over 12% on the day...

FxWirePro: USDCHF recovers slightly on broad based US dollar buying, good to buy on dips

May 17, 2019 11:17 am UTC| Technicals

USDCHF is trading mildly higher for past four trading days after hitting low of 1.00499. The good recovery in Swiss franc was due to renewed trade war between US and China which has increased demand for safe haven assets....

FxWirePro: USDCHF downside capped by 38.2% fib, any break below targets 1.000

May 17, 2019 11:15 am UTC| Technicals

USDCHF is trading mildly higher for past four trading days after hitting low of 1.00499. The good recovery in Swiss franc was due to renewed trade war between US and China which has increased demand for safe haven assets....

FxWirePro: EURUSD trades below 1.11750 as US blacklist Huawei, good to sell on rallies

May 17, 2019 10:36 am UTC| Technicals

Major support - 1.11750 EURUSD is trading lower for past four trading days after a jump till 1.12635 on May 13th2019. The decline was due to ongoing trade tension between US and China. US President Trump has...

Crypto Technicals: BTC/USD extends correction, eyes 5700 on break below support at 21-EMA

May 17, 2019 10:16 am UTC| Digital Currency Technicals

BTC/USD chart - Trading View Exchange - Coinbase Support: 6588 (21-EMA); Resistance: 8488 (Jul 24 high) Technical Analysis: Bias Neutral BTC/USD is extending weakness for the 2nd straight session. The pair...

FxWirePro: GBPJPY Daily Outlook

May 17, 2019 09:01 am UTC| Technicals

GBPJPY was trading extremely weak for past 2weeks on ongoing trade tension between US and China. US President bid to blacklist Huawei has further intensified . The uncertainty in Brexit is putting pressure on GBP. The...

FxWirePro: USD/ZAR fails to break key support at 14.12 mark, stay bullish

May 17, 2019 07:55 am UTC| Technicals

USD/ZAR is currently trading around 14.31 levels. It made intraday high at 14.34 and low at 14.28 levels. Intraday bias remains bullish till the time pair holds key support at 14.12 mark. A daily close...

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