
FxWirePro:GBP/AUD runs out of steam but maintains bullish outlook
Feb 28, 2020 18:24 pm UTC| Technicals
GBP/AUD moved to hit daily high at 1.9835, before sellers stepped in, but the strong support at 1.9541 managed to curb the sharp downfall. Downfall may be limited as bids may emerge near 1.9541 support level. At...

FxWirePro: USDCHF takes support near trend line support, jump till 0.9780 likely
Feb 28, 2020 12:39 pm UTC| Technicals
Ichimoku Analysis (4-hour chart) Tenken-Sen- 0.96906 Kijun-Sen- 0.97130 USDCHF has halted its 4 days of weakness and jumped more than 50 pips on profit booking. The pair lost more than 200 pips on the...

FxWirePro: USD/NOK rallies to record peak, sustains gains above 9.4000
Feb 28, 2020 11:42 am UTC| Technicals
The Norwegian Krone declined to fresh record lows earlier in the session on mixed economic data. Norways general publics domestic loan debt increased 5.0 percent year-on-year to NOK 6,052 billion at January, easing...

FxWirePro: EUR/SEK at 3-month peak, jump till 10.7010 likely
Feb 28, 2020 11:19 am UTC| Technicals
The Swedish Krona slumped an over 3-month trough following soft GDP growth data. Swedens gross domestic product expanded 0.8 percent in the fourth quarter of 2019 over the same quarter of the previous year, its lowest...

FxWirePro: Danish Krone advances to 3-1/2 week peak on upbeat GDP growth rate and unemployment data
Feb 28, 2020 10:45 am UTC| Technicals
The Danish Krone surged to an over 3-week high following the release of upbeat GDP growth rate figures and unemployment data. Denmarks unemployment rate came in at 3.7 percent in January, unchanged from the previous...

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...
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