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Technical analysis 20.06.18

USDCAD

The pair is trading above 1.3300. The restoration of crude oil prices may put it under pressure and let the price go lower, but the trade war between the US and NAFTA (which also includes Canada and Mexico) may push the pair upwards again after a local rebound downwards. …

Technical analysis 19.06.18

USDJPY

The pair is trading below 109.90 as the demand for protective assets increases because of the de facto trade war between Washington and Beijing. Considering this, it’s safe to assume that the pair will resume its local decline while forming the Double Top pattern.

The pair is below the …

Technical analysis 18.06.18

EURUSD

The pair is trading above 1.1575 following a small upwards correction. The general pressure of the USD remains, while the prospect of the Fed and the ECB monetary policies diverging isn’t in favor of the American currency. Considering this, the further decline of the pair is expected.

The price …

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