FxWirePro: EUR/SEK rebounds from 1-month low, faces resistance at 21-EMA
Apr 20, 2020 12:22 pm UTC| Technicals
The Swedish Krona eased after rising to a 1-month peak in the prior session. Earlier in the day, the pair rose as high as 10.8883 but found strong resistance at 21-EMA. EUR/SEK trades 0.3 percent up at 10.8674,...
FxWirePro: WTI Crude Oil plunges over 38% on the day, OPEC+ agreement fails to halt sell-off
Apr 20, 2020 12:16 pm UTC| Technicals Research & Analysis
US Oil chart - Trading View WTI Crude Oil prices plunged over 38% on the day to hit lowest since 1999. Lockdowns imposed to curtail the spread of COVID-19 have crushed demand for the black gold. The OPEC+...
FxWirePro: EUR/GBP struggling to extend weakness below 200-DMA, focus on UK ILO unemployment data
Apr 20, 2020 11:54 am UTC| Technicals Research & Analysis
EUR/GBP chart - Trading View EUR/GBP was trading 0.34% higher on the day at 0.8720 at around 11:20 GMT. The pair is consolidating break below 200-DMA, bears struggling to drag prices lower. Major and minor trend...
FxWirePro: USD/NOK halts 2-day losing streak, intraday bias bullish
Apr 20, 2020 11:43 am UTC| Technicals
The Norwegian Krone declined, halting a 2-day rally as the U.S. oil prices slumped to its lowest level since 1999. On Monday, oil prices tumbled, depressed by concern that U.S. crude storage will soon be full while...
FxWirePro: USD/TRY advances towards 1-1/2 year peak, finds supports at 7-EMA
Apr 20, 2020 10:55 am UTC| Technicals
The Turkish Lira declined, hovering towards a 1-1/2 year low hit last week. On Friday, the pair retreated nearly 1.5 percent from recent peaks but trimmed losses to close almost flat at 6.9187. The Turkish...
FxWirePro: AUD/JPY extends bounce off 21-EMA support, break above 21-EMA could fuel further gains
Apr 20, 2020 10:11 am UTC| Technicals Research & Analysis
AUD/JPY chart - Trading View AUD/JPY has ignored a Spinning Top formation on Fridays candle, was trading higher for the 3rd straight session. The pair was trading 0.43% higher on the day at 68.70 at around 10:00 GMT,...
FxWirePro: USDCAD trades lower on weak Crude oil price, good to sell on rallies
Apr 20, 2020 10:07 am UTC| Technicals
USDCAD is showing a minor weakness after a jump to 1.4100 levels. The pair lost more than 800 pips in past one month on broad-based US dollar selling. But the downside is capped due to huge sell-off in crude oil price. WTI...
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