
FxWirePro: USD/NOK halts 5-day losing streak as oil demand worries outweigh output cut
Apr 13, 2020 11:48 am UTC| Technicals
The Norwegian Krone nudged down after rising for five straight sessions, weighed by concerns that the output cuts by major oil producers will not be sufficient to reduce a glut as the coronavirus pandemic hammers...

FxWirePro: Turkish Lira near 1-1/2 year trough on coronavirus lockdown criticism
Apr 13, 2020 10:54 am UTC| Technicals
The Turkish Lira eased, drifting towards an over 1-1/2 year low hit last week following a short-notice coronavirus lockdown which sent people rushing to shops to stock up on supplies. Turkish authorities declared...

FxWirePro: EUR/JPY fails at 21-EMA, scope for downside resumption
Apr 13, 2020 10:09 am UTC| Technicals Research & Analysis
EUR/JPY chart - Trading View EUR/JPY dives over 4% to hit session lows at 117.95 before paring some losses to trade at 118.07 at around 09:55 GMT. The single currency losing upside momentum, final March CPIs in...

FxWirePro: USD/DKK retreats from 1-1/2 week trough, finds support at 55-EMA
Apr 13, 2020 09:54 am UTC| Technicals
The Danish Krone consolidated within narrow ranges as investors remained on edge over the spread of the novel coronavirus. The pair plunged to a 1-1/2 week low earlier in the session but found strong support at...

FxWirePro: AUD/JPY capped at 55-EMA, safe-haven demand underpins JPY
Apr 13, 2020 09:52 am UTC| Technicals Research & Analysis
AUD/JPY chart - Trading View AUD/JPY was trading 0.46% lower at 68.51 at around 09:45 GMT after closing largely muted in the previous session. The pair has formed a Shooting Star pattern on 10th April candle raising...

FxWirePro: USDCAD faces strong support at 1.39200, break below targets 1.3860
Apr 13, 2020 09:04 am UTC| Technicals
Ichimoku Analysis (1-hour chart) Tenken-Sen- 1.39527 Kijun-Sen- 1.39614 USDCAD has recovered slightly after hitting a low of 1.39231 at the time of writing. The slight jump in crude came after OPEC...

FxWirePro: GBPJPY downside capped by 200-H MA, good to buy on dips
Apr 13, 2020 08:45 am UTC| Technicals
Ichimoku Analysis (1 hourly chart) Tenken-Sen- 134.84 Kijun-Sen- 134.95 GBPJPY has once again recovered after a minor decline till 134.50. The intraday trend is bullish as long as support 134.15 holds....