
Feb 18, 2020 10:55 am UTC| Technicals
Technical chart and candlestick patterns:AUDUSDshort-term trend formed a descending channel (refer daily chart). We tracedshooting stars and spinning top patterns in our recent post, that have popped up at 0.6893 and...

FxWirePro: Swedish Krona tumbles on worse-than-expected unemployment rate
Feb 18, 2020 10:20 am UTC| Technicals
The Swedish Krona slumped to a 1-week trough following the release of the worse-than-exected unemployment rate. Swedens unemployment rate increased to 7.5 percent in January from 6.5 percent in the same month of the...

Feb 18, 2020 10:15 am UTC| Technicals
FTSE100 is trading weak after a minor jump till 7556 on Feb 12th. The decline was mainly due to weakness in global stock markets. US markets especially SP500 lost more than 0.8% from an all-time high of 3390 due to the...

FxWirePro: Sell USDJPY on rallies
Feb 18, 2020 10:13 am UTC| Technicals
Ichimoku Analysis (4-hour chart) Tenken-Sen- 109.87 Kijun-Sen- 109.80 USDJPY is consolidating in a narrow range after hitting a high of 110.13. The outbreak of coronavirus is supporting Safe-haven...

FxWirePro: EUR/GBP extends rebound, faces resistance at 7-EMA
Feb 18, 2020 09:44 am UTC| Technicals
The euro rose to a 5-day peak against the British pound as investors priced in looser financial conditions under Britains new finance minister. Moreover, lingering worries about economic ties between Britain and the...

FxWirePro: Silver rises remarkably in European hours, stay bullish
Feb 18, 2020 09:33 am UTC| Technicals
XAG/USD is currently trading around $17.89 marks. It made intraday high at $17.91 and low at $17.78 levels. Intraday bias remains bullish till the time pair holds key support at $17.70 mark. A daily close...

FxWirePro: Aussie plunges to 1-week trough following RBA policy meeting minutes
Feb 18, 2020 08:59 am UTC| Technicals
The Australian dollar plunged to a 1-week low following the release of the last Reserve Bank of Australia policy meeting minutes. Minutes from the RBAs first meeting of the year showed policymakers discussed easing...