Monthly Archives: June 2018

Australian Dollar Outlook Bearish on Rising Trade War Tensions

Increasing concerns over a full-blown trade war between the US and its largest trading partners (China and the EU) have been at the forefront of investors’ minds. The tit-for-tat trade spat with the US and China have shown no significant signs that either party will back down, as such, the…

EURUSD finds strong obstacle at 20-day SMA; creates double bottom pattern in medium term

EURUSD has been underperforming over today’s session, after the bounce off the 20-day simple moving average in the short-term. The world’s most traded currency pair is trying to snap the two consecutive winning days, while it is in the process of forming a double bottom pattern with trough the 1…

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