
FxWirePro: GBP/AUD cracks trendline support, bears plotting path toward 1.9000
Apr 20, 2020 15:40 pm UTC| Technicals
GBP/AUD dipped on Monday, as sterling remained under pressure from concerns over the coronavirus outbreak. The pair broke lower ascending trendline at 1.9555 and fell to hit daily low at at 1.9495. GBP is set to be...
FxWirePro: EUR/AUD heads deeper into bear territory,key support under pressure
Apr 20, 2020 14:26 pm UTC| Technicals
EUR/AUD declined on Monday as investors braced for prolonged uncertainty to fight the coronavirus. The pair is currently approaching key support at 1.6991 (5 DMA ). A break under 1.6991 would unmask 1.6550 level in the...

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...