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 EUR/USD pair continues to move within a long-term downtrend and is testing the 1.1230 level (Murray level [0/8]) this week, attempting to break below the lower boundary of the trading range. A successful breakout could open the way toward 1.1108 (Murray level [–2/8]), 1.0986 (Murray level [–2/8], W1) and 1.0850 (61.8% Fibonacci retracement). However, if the price breaks above the middle Bollinger Band at 1.1352 (Murray level [2/8]), growth may resume toward 1.1535 (Murray level [5/8], 23.6% Fibonacci retracement), 1.1718 (Murray level [8/8], upper boundary of the descending channel) and 1.1840 (Murray level [+2/8]).
By Sagar Dua Against the backdrop of positive US dollar dynamics, the AUD/USD pair is moving within a downward trend and is trading near 0.6978, despite supportive macroeconomic signals from Australia.
By Sagar Dua Against the backdrop of a stronger US dollar, the USD/CAD pair is trading near 1.4262, while positive Canadian economic data are limiting further gains.
By Sagar Dua The USD/CHF pair continues to trade within a long-term upward trend, forming an ascending channel and approaching its upper boundary near 0.8361, while the Swiss franc remains under pressure from relatively stable inflation and the cautious monetary policy stance of the Swiss National Bank.
By Sagar Dua The USD/JPY pair is strengthening for the second consecutive week, trading near its monthly highs around 158.20, as the US dollar receives support following the publication of the minutes from the Federal Reserve's September meeting.
By Sagar Dua Against the backdrop of a broadly neutral US dollar trend, the GBP/USD pair is correcting near 1.3249.
By Sagar Dua After four consecutive weeks of decline, the AUD/USD pair is correcting higher and is trading near 0.6975.
By Sagar Dua Since the beginning of last month, the USD/CAD pair has been moving higher, reaching an 18-month high yesterday near 1.4290 (61.8% Fibonacci retracement).
By Sagar Dua Against the backdrop of a stronger US dollar, the USD/JPY pair is correcting within an upward trend near 158.13, returning to more familiar price levels almost a month after a period of active decline.
By Sagar Dua United States. The US dollar is strengthening against the pound, yen and euro in the forex market.
By Sagar Dua Supported by relatively stable US dollar dynamics, the USD/CAD pair is correcting near 1.4280 against the backdrop of generally stable Canadian macroeconomic data.
By Sagar Dua Last week, the USD/JPY pair attempted to extend its gains but failed to sustain a move above 157.81 (Murray level [5/8]) and is currently trading near 157.95 amid uncertainty over the next steps by the Bank of Japan and the US Federal Reserve.
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.
