
FxWirePro: Copper Near-Term Outlook
May 04, 2020 12:11 pm UTC| Technicals Research & Analysis
Copper chart - Trading View Copper was trading 0.34% lower on the day at 2.300 as we head into the NY session. Price action is extending declines for the 3rd straight session, scope for further weakness. The pair...

FxWirePro: USD/NOK near 1-week peak, faces resistance at 10-DMA
May 04, 2020 11:52 am UTC| Technicals
The Norwegian Krone plunged to a near 1-week low as oil prices fell and the dollar surged across the board. Investors seem to have ignored better than expected Norways manufacturing PMI figures. Norways...

FxWirePro: AUD/CHF confirms 'Death Cross' on hourly charts, scope for further downside
May 04, 2020 11:42 am UTC| Technicals Research & Analysis
AUD/CHF chart - Trading View AUD/CHF has paused 2 straight sessions of downside and was trading at 0.6178 at around 11:25 GMT. The pair finds strong support zone till 0.6165, decisive break below will see further...

FxWirePro: Sell EURUSD on rallies
May 04, 2020 11:19 am UTC| Technicals
Ichimoku Analysis (Hourly chart) Tenken-Sen- 1.09423 Kijun-Sen- 1.09715 EURUSD continues to trade lower after a minor jump above 1.000 level. The Safe-haven demand increased on tensions between the...

FxWirePro: USD/TRY extends rally above 7.000, intraday bias bullish
May 04, 2020 10:16 am UTC| Technicals
The Turkish Lira plunged to a fresh 1-1/2 year low as the greenback rallied against a basket of currencies. Moreover, the selling pressure around the Turkish currency intensified following the release of downbeat...

May 04, 2020 10:09 am UTC| Technicals Research & Analysis
NZD/USD chart - Trading View NZD/USD grinds lower after Shooting Star formation in the previous week dents upside. The major was trading 0.25% lower on the day at 0.6042 at around 10:00 GMT after closing 1.12% lower...

FxWirePro: USD/DKK rebounds from 1-month trough, good to buy on dips
May 04, 2020 08:51 am UTC| Technicals
The Danish Krone declined, retreating from a 1-month peak hit in the previous session as the greenback rebounded from recent lows against a basket of currencies. The dollar rallied across the board after U.S....