United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
By Sagar Dua GBP/USD resumed its advance in late July and is now approaching 1.3549, the Murrey [6/8] level, as markets assess a more stable domestic political backdrop in the UK and the first economic measures introduced by new Prime Minister Andy Burnham.
By Sagar Dua Since the beginning of the month, EUR/USD has been moving higher and has reached the upper boundary of its medium-term descending channel. However, the pair has so far been unable to break above it as the US dollar has strengthened amid renewed geopolitical tensions in the Persian Gulf.
By Sagar Dua USD/CHF is trading around 0.8092 as pressure on the US dollar continues, although the pair remains within the broader trading structure that has dominated since the beginning of the summer.
By Sagar Dua USD/JPY remains well below the multi-decade highs reached in late July and is trading around 158.26 during the morning session as the yen retains part of the gains that followed coordinated intervention by Japanese and US authorities.
By Sagar Dua EUR/USD has been strengthening since the end of last month, although the pair remains within a medium-term descending channel and is currently trading near its upper boundary around 1.1560.
By Sagar Dua NZD/USD is correcting near 0.5863 as the New Zealand dollar comes under pressure from signs of renewed weakness in the domestic labour market, while the US currency remains broadly stable near recent levels.
By Sagar Dua GBP/USD is correcting near 1.3453 as a firmer US dollar limits the pair’s upside, while the pound continues to draw some support from improving UK business activity.
By Sagar Dua EUR/USD is rising for a second consecutive week, extending its recovery while still trading within a broader medium-term descending structure. The pair is hovering near 1.1554 today.
By Sagar Dua Last week, GBP/USD posted a strong advance as it corrected against the medium-term downtrend and reached the upper boundary of the descending channel near 1.3505. However, the pair gave back part of its gains on Monday.
By Sagar Dua EUR/USD is correcting near 1.1509 as the US dollar weakens and investors assess signs of a temporary easing in US–Iran tensions, stronger eurozone manufacturing activity and the risk that renewed inflationary pressure could weigh on the region’s economic growth later in the year.
By Sagar Dua Last week, GBP/USD posted a strong advance as it corrected against the medium-term downtrend and reached the upper boundary of the descending channel near 1.3505. However, the pair gave back part of its gains on Monday.
Forex analysis helps traders figure out where a currency pair might move next and guides their trading decisions. It’s a daily tool for planning entries and exits, based on two main approaches. Fundamental analysis looks at the broader economy: growth, inflation, and especially central bank policy on interest rates. Technical analysis studies past price movements, chart patterns, and signals that tend to repeat over time. Together, these methods give traders a clearer picture of the market and improve decision-making.
