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​​AUD/CAD: Fundamental Review and Forecast

The rates continue within the downward trend. Both currencies are under pressure due to the trade conflict between the US and China, as well as the slowdown in the global economy.

Check the full article: https://superforex.com/ru/analytics/fundamental-analysis/audcad-fundamental-review-and-forecast--1804
Gold has risen in price and is testing the level of $1,400+. Oil is recovering in price against the backdrop of optimism in the market and the appointment of an OPEC+ meeting date.

Commodity currencies also strengthened after reports of the resumption of negotiations between China and the United States.

The euro remains under pressure amid the economic downturn in the EU. The ECB plans to introduce additional measures to stimulate the economy. The pound also got cheaper, following a meeting of the Bank of England.

https://www.youtube.com/watch?v=p66OKxm-ys8
​​EUR/USD Technical Analysis

Today we would take a look at the EUR/USD currency pair. Since Wednesday the pair has been steadily bullish and the rate has surpassed the 1.13 level.

https://superforex.com/analytics/technical-analysis/eur-usd-technical-analysis--1829
​​USD/JPY Technical Analysis

Today we would take a look at the USD/JPY pair. While the pair began the month in a tight, almost flat channel, over the past week it has turned bearish once again.

Read the article: https://superforex.com/analytics/technical-analysis/usd-jpy-technical-analysis--1832
​​EUR/GBP Technical Analysis

The British pound is currently influenced by a negative sentiment in the United Kingdom. Last week the Bank of England gave an indication that they are pessimistic about the UK’s economy, especially in light of the global economic slowdown and the risks associated with Brexit.

Full article: https://superforex.com/analytics/technical-analysis/eur-gbp-technical-analysis--1837
​​EUR/USD Technical Analysis

The current situation for the euro is full of uncertainty. On the one hand, recent inflation data from the eurozone was better than expected, which was reassuring and helped the European single currency appreciate against the dollar a bit.

However, tensions remain within the EU, especially considering the deteriorating finances of Italy and the ongoing chaos of Brexit. Plus, with recent assurances from the ECB that they are ready for more QE, it seems the euro lacks incentives for growth.

Read the article: https://superforex.com/analytics/technical-analysis/eur-usd-technical-analysis--1843
​​CAD/CHF: Fundamental Review & Forecast

The rates continue within a downward trend. At the same time, the price correction observed in June has strongly shifted the resistance line up and has created the preconditions for a trend reversal.

This was made possible by the rapid growth of oil prices, as well as the best in comparison with the Swiss economy, the economic situation in Canada.

Check the article: https://superforex.com/analytics/fundamental-analysis/cad-chf-fundamental-review-forecast--1848
​​USD/JPY Technical Analysis

There are currently no significant economic reports coming from Japan that can influence the JPY. The Bank of Japan has demonstrated their commitment to a dovish monetary policy and are not likely to change it anytime soon, based on the persistently low inflation in Japan.

Check the article: https://superforex.com/analytics/technical-analysis/usd-jpy-technical-analysis--1859
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​​The ascending triangle pattern 📈

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​​Trade Oil with SuperForex

Crude oil (Brent) proved to be among the most popular CFDs for our traders. This trading instrument has high volatility and quotes are influenced by various factors that can be predicted through fundamental analysis.

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