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Technical analysis 07.08.2019

AUDUSD

The pair is in a short-term downtrend caused by the escalation of US-China trade war. A sharp interest rate cut by RBNZ may also lead to lower rates by RBA in the near future.

The price is at the lower Bollinger band, below SMA 5 and SMA 14. RSI …

Gold Analysis 06.08.2019

Gold futures fell during the Asian session to see their rebound from the top since May 3, 2013 amid the rise of the US dollar index, showing a rebound from the lowest since July 22 according to the opposite relationship between them on the eve of developments and economic data …

EUR analysis 06.08.2019

The euro hit a three-week high against the US dollar on Tuesday, continuing its strong gains for a fourth straight day as risk averse investors focused on buying low-yielding currencies amid strong signs of a global currency war, - China's local currency "yuan" fell to its lowest level in 11 …

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