
FxWirePro: USD/DKK steadies near 2-month trough, struggles to sustain gains above 6.7300
Mar 03, 2020 10:56 am UTC| Technicals
The Danish Krone consolidates near 2-month highs as the dust settled on the release of worse-than-expected manufacturing PMI. The pair broke above minor resistance 200-DMA but failed to extend gains above 6.7300...

FxWirePro: EUR/SEK eases on Sweden's upbeat manufacturing PMI, good to sell on rallies
Mar 03, 2020 10:19 am UTC| Technicals
The Swedish Krona rose, hovering away from an over 3-month trough recorded last week following the release of upbeat manufacturing PMI. Swedens Swedbank Manufacturing PMI increased to 53.2 in February from an upwardly...

FxWirePro: EUR/GBP declines from 4-1/2 month peak, fails to break above 200-DMA
Mar 03, 2020 09:43 am UTC| Technicals
The euro eased from a 4-1/2 month peak against the British pound recorded in the prior session. Data showing UK construction PMI increased to 52.60 points in February from 48.40 points in January supported the British...

FxWirePro: Silver stabilizes below $17.00 mark, stay short only below $16.70 mark
Mar 03, 2020 09:24 am UTC| Technicals
XAG/USD is currently trading around $16.77 marks. It made intraday high at $16.99 and low at $16.71 levels. Intraday bias remains neutral for the moment. A daily close above $16.73 will test key resistances...

FxWirePro: USD/ZAR fails to find support below 15.40 mark, stay long
Mar 03, 2020 09:17 am UTC| Technicals
USD/ZAR is currently trading around 15.52 levels. It made intraday high at 15.55 and low at 15.36 levels. Intraday bias remains bullish till the time pair holds key support at 15.35 mark. A daily close...

FxWirePro: Sell CHFJPY on rallies
Mar 03, 2020 08:44 am UTC| Technicals
Ichimoku Analysis (hourly chart) Tenken-Sen- 112.84 Kijun-Sen- 112.53 CHFJPY recovered sharply after forming a minor bottom around 111.35. The jump was mainly due to strength in the Swiss franc, especially...

FxWirePro: Aussie gains as RBA cut rates, faces resistance at 7-EMA
Mar 03, 2020 08:35 am UTC| Technicals
The Australian dollar surged, extending previous session gains as the central bank cut interest rates to record lows aimed at cushioning the economy from the impact of the coronavirus. The Reserve Bank of Australia...