
FxWirePro: EUR/SEK plunges on Sweden's better-than-expected service PMI, good to sell on rallies
Mar 04, 2020 10:56 am UTC| Technicals
The Swedish Krona surged, hovering towards a 2-1/2 week peak recorded in the previous session following better-than-expected service PMI reading. Swedens services PMI increased to a seasonally adjusted 56.7 in...

FxWirePro: EUR/GBP rallies to 4-1/2 month peak, faces major resistance at 200-DMA
Mar 04, 2020 09:58 am UTC| Technicals
The euro roseto a 4-1/2 month peak against the British pound after data showed Eurozone businesses largely withstood the impact of the coronavirus in February, growing at their fastest pace in six months. Eurozone IHS...

FxWirePro: USDCAD downside capped by 200-H MA, jump till 1.3430 likely
Mar 04, 2020 08:46 am UTC| Technicals
Ichimoku Analysis (Hourly chart) Tenken-Sen- 1.3360 Kijun-Sen- 1.33500 USDCAD lost more than 150 pips after hitting an 8-month high at 1.34650. The overall trend is still bullish as long as support...

FxWirePro: Aussie rallies near 2-week peak on upbeat growth data
Mar 04, 2020 08:39 am UTC| Technicals
The Australian dollar surged, extending gains for the third straight session after data showed Australias economy expanded by more than expected last quarter. Data released earlier in the day showed the economy...

FxWirePro: Silver trades flat at $17.22 mark, U.S. ISM non – manufacturing PMI data in focus
Mar 04, 2020 08:36 am UTC| Technicals
XAG/USD is currently trading around $17.17 marks. It made intraday high at $17.33 and low at $17.12 levels. Intraday bias remains neutral for the moment. A daily close above $17.22 will test key resistances...

FxWirePro: CHFJPY struggles to close above 200-H EMA, good to sell on rallies
Mar 04, 2020 07:10 am UTC| Technicals
Ichimoku Analysis (hourly chart) Tenken-Sen- 112.11 Kijun-Sen- 112.30 As per our analysis, CHFJPY declined sharply after a minor jump to 112.84. The overall trend is weak as long as resistance 113 holds. The jump...

FxWirePro: USD/ZAR trades in narrow range, South Africa’s standard bank PMI data in focus
Mar 04, 2020 07:03 am UTC| Technicals
USD/ZAR is currently trading around 15.35 levels. It made intraday high at 15.41 and low at 15.33 levels. Intraday bias remains neutral till the time pair holds key support at 15.36 mark. A daily close...