The escalation of the trade war between the US and China moved the Forex market at the beginning of the week…
Tag - usd
USD/CHF tried to move higher last week but was stopped by the 100- and 200-week moving averages in the 0.9850 area.
USD/CNH rose to a new high as the trade war between the United States and China escalated once again.
What to expect this week
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
The economic calendar for the upcoming week contains a number of important events…
The USD is supported by the strong retail sales figures. The GBP has also managed to recover. What will be the next moves of the key currencies?
USD/TRY met resistance near the line connecting 2019 highs in the 5.62 area. This is also where the 50-week MA is capping the price.
Get the technical and fundamental analysis for EUR/USD, USD/JPY, oil and more!
USD/MXN is quite used to sideways trading. Is it time to buy or sell?
Although the US President decided to delay some tariffs on Chinese goods, the market's mood didn't improve much. Find out what has happened and how to trade on it!
USD/CHF fell to the lowest levels in almost a year. The pair slid below the June low at 0.9695.