Technical analysis - Page 447

The AUDCAD pair is pushing lower again today as it rejects trend line support now turned resistance at 0.97410. The fall last week took the price under the trough of the double top at 0.99326 and now points to a.

Risk aversion on trade tensions carried into the European session yesterday morning was replaced with a relief rally in the US pre-market as President Trump appeared to go easy on China and its ability to invest in the US. The.

The GBPUSD pair is continuing its decent lower and has reached a low of 1.30664 today just above support at 1.30586. The next level of support is 1.30000 which is a big psychological level for traders that will see buyers emerge t.

The gold chart has played out as a double top with a break under 1300.00 signalling a move down to 1240.00 from its highs at 1365.00. We have now reached the 1250.00 area and some profits are likely to be taken from.

The rise in the USD against the MXN has been halted with a push down from resistance ahead of 21.00000 to the 50 DMA at 19.77420. Today the price is holding under 20.00000 after bouncing from the 50 DMA yesterday..

The Organisation of the Petroleum Exporting Countries (OPEC) concluded its meeting in Vienna last week by agreeing to raise output from July by about 0.6 to 0.8 million bpd, however, the real increase will be somewhat less as some countries.

The US indices are set to start the week with losses as trade tensions escalate. President Trump tweeted on Sunday that trading partners should remove their “trade barriers and tariffs or be met with more than reciprocity by the U.S.”..

This pair is testing its weak support trend line also after rejecting from the 84.500 area early in the month. The pair moved lower today on fresh fears of an escalation in the trade war between the US and China.

The USDCAD pair has been trading over the past week with one eye on the OPEC meeting in Vienna. When the announcement was made on Friday that production levels would remain on hold with a greater focus on compliance, the pair moved.

Crude oil is set to enter a volatile period with the start of the OPEC meeting in Vienna on Friday. Traders should also remain alert to market moving headlines ahead of the meeting as ministers from OPEC members are attending.

The Australian Dollar fell to a one-year low on Tuesday after the release of the minutes from the latest Reserve Bank of Australia (RBA) monetary policy meeting and escalation of the trade war between US and China. The minutes from.

The AUDJPY pair was hammered overnight as US President Trump announced his wish to impose a further $200 Billion worth of tariffs on trade with China. The Australian economy is largely dependent on exports of raw materials to China and.