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 Despite the relative stability of the Turkish economy, the USD/TRY pair continues to rise sharply even amid only modest gains in the US dollar, renewing record highs and currently trading at 49.5917.
By Sagar Dua Last week, the USD/CAD pair began an active corrective decline after failing to break above 1.4282 (61.8% Fibonacci retracement, Murray level [5/8]), under pressure from the hawkish rhetoric of Bank of Canada officials.
By Sagar Dua Against the backdrop of a stronger US dollar, the AUD/USD pair continues to move within a downward trend, trading near 0.6982, as the lack of support from Australian macroeconomic data prevents the currency from moving significantly away from its recent lows.
By Sagar Dua The USD/CHF pair continues to move within a sustained upward trend, forming an ascending channel, as discussed in our previous USD/CHF forecast. At the beginning of the month, the price tested the upper boundary near 0.8361 (Murray level [+1/8]) before retreating toward the lower Bollinger Band at 0.8239 (Murray level [7/8], 38.2% Fibonacci retracement). If the price consolidates below this level, the correction could extend toward 0.8056 (Murray level [4/8]) and 0.7995 (Murray level [3/8], 23.6% Fibonacci retracement, lower boundary of the ascending channel). However, a breakout above 0.8361 would allow the pair to move beyond the channel and target 0.8600 (61.8% Fibonacci retracement) and 0.8667 (Murray level [7/8], W1).
By Sagar Dua Last week, the AUD/USD pair showed mixed dynamics: it initially fell to a multi-month low near 0.6890 before recovering its losses and reaching 0.6980.
By Sagar Dua Against the backdrop of the local weakness of the US currency, the USD/JPY pair is correcting within an upward trend, trading near 158.15 and returning toward this year's average price area around 160.00.
By Sagar Dua Against the backdrop of a local strengthening of the euro, the EUR/USD pair is moving within a corrective trend near 1.1231, following a pullback in the US dollar on Friday.
By Sagar Dua Against the backdrop of a weakening US dollar, the USD/CHF pair has declined toward 0.8271, while the Swiss franc maintains relatively stable positions against most major world currencies.
By Sagar Dua Against the backdrop of weak US dollar performance, the USD/CAD pair is trading near 1.4176, remaining under pressure from positive Canadian macroeconomic data, as also discussed in our previous USD/CAD forecast.
By Sagar Dua The NZD/USD pair is moving within a long-term downward trend, forming a corresponding channel, and is currently stabilising near 0.5600 amid monetary and political uncertainty.
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.
