United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
By Sagar Dua The USD/CHF pair remains in a corrective trend, posting a local decline amid слабой dynamics in the US dollar, and is trading at 0.8240 while preserving its broader upward bias.
By Sagar Dua The USD/JPY pair is trading near 157.00 within a medium-term descending channel amid uncertainty ahead of the US Federal Reserve and Bank of Japan monetary policy meetings.
By Sagar Dua The NZD/USD pair continues its corrective movement amid a local weakening of the US dollar, trading near 0.5700.
By Sagar Dua Amid unstable dynamics in the US currency, the USD/CAD pair is correcting and trading near 1.4011, despite positive macroeconomic statistics from Canada and in line with the broader outlook discussed in our previous USD/CAD analysis.
By Sagar Dua Amid a modest recovery in the euro, the EUR/USD pair remains in a corrective trend, trading near 1.1209, following the price movements discussed in our previous EUR/USD forecast.
By Sagar Dua The USD/CHF pair remains within a long-term upward trend, forming an ascending channel. At the end of last month, the price approached its upper boundary near 0.8361 (Murray level [+1/8]) but failed to consolidate above it and began a downward correction. The pair has since retreated toward the 0.8190 area as the US dollar weakened, while recent trading has taken place near 0.8230. The change in dollar momentum follows the developments discussed in our previous USD/CHF forecast.
By Sagar Dua The GBP/USD pair has been rising for a second consecutive week, reaching its highest level in several weeks after rebounding from 1.3183 (Murray level [0/8], the lower boundary of the long-term sideways range). Sterling is currently trading near 1.3400 as expectations of another Bank of England interest rate hike continue to strengthen. The recovery follows the more subdued performance discussed in our previous GBP/USD forecast.
By Sagar Dua Renewed interest rate hikes by the US Federal Reserve and growing uncertainty in the global economy have supported the US dollar against major currencies. The greenback maintained a generally positive trend during the third quarter, adding pressure to the AUD/USD pair.
By Sagar Dua The EUR/USD pair remains in a downtrend after reaching a yearly low near 1.1112 last week. Since then, the euro has recovered toward 1.1230 (Murray level [0/8]), where it is currently trading. The rebound follows the decline discussed in our previous EUR/USD forecast.
By Sagar Dua The GBP/USD pair continues to move within a broad sideways range of 1.3183–1.3671 (Murray levels [0/8]–[8/8]), which formed at the end of last year, and reversed near its lower boundary last week, as also discussed in our previous GBP/USD forecast. Currently, the price is testing 1.3366 (Murray level [3/8]). If the pair breaks above 1.3427 (Murray level [4/8], middle Bollinger Band, W1), a return toward the upper boundary of the sideways range at 1.3671 (Murray level [8/8]), followed by 1.3793 (Murray level [+2/8]) and 1.3870 (annual high area), is expected. However, if the price consolidates below 1.3183 (Murray level [0/8]), a decline toward 1.3061 (Murray level [–2/8]) and 1.2939 (Murray level [2/8], W1) is possible.
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.
