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Kyber Network would probably resume its uptrend again

Kyber Network would probably resume its uptrend again Kyber Network / Dollar (calculated by TradingView) BINANCE:KNCUSD ForecastCity Technical analysis: . KYBERNETWORK/DOLLAR is in a downtrend and resumption of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 32. Trading suggestion: There is…

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Cardano Price Analysis: ADA/USD Upsides Remain Limited

May 23, 2018 Forex news forex trade 0

Key Highlights ADA price declined recently and broke a key support at $0.2300 against the US Dollar (tethered). There was a break below an important bullish trend line with support at $0.2450 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair traded towards the $0.2100 level and it seems like […]

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US Dollar flirting with highs near 94.00 ahead of FOMC

May 23, 2018 Forex news forex trade 0

The index advances to session tops in the proximity of 94.00. US 10-year yields tumbles to session lows near 3.02%. FOMC minutes today, Chief Powell’s speech in the limelight. Measured by the US Dollar Index (DXY), the buck has resumed the upside and is now trading in the upper end of the daily range just […]

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AUD/USD: Broad consolidation – Westpac

May 23, 2018 Forex news forex trade 0

Tim Riddell, Research Analyst at Westpac, suggests that despite breaching retracement/support at 0.7480, an interim base appears to be forming off 0.7410-20 for AUD/USD pair, supported by a sound turn in daily momentum Key Quotes “The style/scale of rebounds is critical. A close above 0.7650 would temper current bias for limited corrective bounces prior to […]

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EUR/USD: Further falls or a bounce? 3 opinions

May 23, 2018 Forex news forex trade 0

EUR/USD fell some 800 pips from the highs and is looking for a new direction. What’s next? Here is their view, courtesy of eFXdata: EUR/USD: No Compelling Reason To Turn Tactically Bullish Here – Citi Citi discusses EUR/USD outlook and maintains a tactical bearish in the near-term. “EUR could trade weaker given poor sentiment surrounding […]

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German flash manufacturing PMI drops to 15-month lows in May

May 23, 2018 Forex news forex trade 0

The German economy grows at the weakest pace in fifteen months in May, the latest manufacturing and services activity surveys from IHS/Markit research showed. German manufacturing purchasing managers index (PMI) slumped to fifteen-month lows in May, coming in at 56.8 while services PMI dropped to 20-month lows at 52.1 versus 53.0 last. The IHS Markit […]