20-22 Wenlock Road, London, England, N1 7GU

News Room

EUR/CHF fails at the 1.0761 200-DMA, 55-DMA at 1.0607 to hold the downside

Jun 18, 2020

The 55-day ma at 1.0607 is expected to hold the downside on the EUR/CHF cross and turn the view to the 1.0915 June high after the currency pair failed on its initial test of the 200-day ma at 1.0761.

GBP/USD: The 1.2421 55-DMA exposed on a break below 1.25

Jun 18, 2020

The GBP/USD pair, which trades at 1.25550, to slump towards the 55-DMA at 1.2421 on a break below the 1.25 level.

AUD/USD reverses dismal Aussie jobs data-led dip, steady near 0.6875 area

Jun 18, 2020

The AUD/USD pair managed to rebound around 40 pips from daily swing lows and was last seen trading in the neutral territory, around the 0.6875 region.

USD/CNH has now moved into a consolidative phase

Jun 18, 2020

Our expectation for USD to ‘edge higher to 7.0960’ did not materialize as it traded in a relatively quiet manner between 7.0701 and 7.0905 before ending the day largely unchanged at 7.0760 (-0.06%)

USD/CHF Price Analysis: On the defensive below 200-hour SMA, bearish bias remains

Jun 17, 2020

The USD/CHF pair struggled to capitalize on the overnight goodish intraday bounce of around 50 pips and witnessed a modest pullback on Wednesday.

USD/CAD grinds lower, potentil slump towards 1.3331 on a break of 1.3482

Jun 17, 2020

USD/CAD is slowly grinding lower, in line with the large bearish ‘descending triangle’ continuation pattern that is still in place.

© Copyright 2015-2020 FOWBusiness.com