
May 18, 2020 12:10 pm UTC| Technicals
EURJPYbears have been constantly nudging prices below DMAs amid the highly volatile trading sessions of late. The pair has been plummeting from the highs of 122.875 levels to the recent lows of 114.397 levels. Please be...

FxWirePro: Copper breaks above 55-EMA, eyes 50% Fib at 2.427
May 18, 2020 11:42 am UTC| Technicals
Copper chart - Trading View Copper was trading 1.95% higher at 2.376 at around 11:30, after closing 1.27% lower in the previous session. Price action has bounced off 50-DMA support and has broken above 55-EMA, scope...

FxWirePro: Turkish Lira rallies to 1-month peak on funding hopes
May 18, 2020 11:03 am UTC| Technicals
The Turkish Lira rallied to a 1-month peak, supported by hopes the government will be able to secure foreign funding amid the coronavirus pandemic. The bid tone around the Turkish currency improved on a report that...

FxWirePro: USD/DKK steadies above 21-EMA, intraday bias bullish
May 18, 2020 09:57 am UTC| Technicals
The Danish Krone declined, reversing most of its previous session gains as the greenback extended rally The dollar rose as concern about global tensions with China overshadowed improving sentiment from easing...

FxWirePro: NZD/USD recovery capped at daily cloud, momentum strongly bearish
May 18, 2020 09:37 am UTC| Technicals
NZD/USD chart - Trading View NZD/USD was trading rangebound at 0.5946 at around 09:15 GMT, bias bearish. The major is consolidating break below daily cloud, scope for further weakness. Analysis of GMMA indicator...

FxWirePro: DXY forms triple top around 100.50, any break above targets 101.20
May 18, 2020 08:59 am UTC| Technicals
Ichimoku Analysis (4-hour chart) Tenken-Sen- 100.28 Kijun-Sen- 100.07 US Dollar index has once again recovered after hitting a low of 100.08 on Friday. The dollar is trading higher despite dismal US...

FxWirePro: GBP/CHF consolidates break below cloud and trendline support, outlook bearish
May 18, 2020 08:52 am UTC| Technicals
GBP/CHF chart - Trading View GBP/CHF was trading 0.21% higher on the day at 1.1779 at around 08:30 GMT. The pair was consolidating previous sessions losses and outlook remains bearish. Break below major trendline...