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GBP/USD Price Invalidates Uptrend, Aiming at 1.2100

The GBP/USD pair invalidated further growth after breaking below the triangle’s support. Poor UK data forced the GBP to depreciate. DXY’s rally boosted the greenback. The GBP/USD...

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GBP/USD Price Analysis: BoE’s Ramsden Warns Spreading Inflation

The BoE will likely raise rates even more as inflation spreads. Investors on the sidelines are waiting for US inflation data. In the charts, the 30-SMA...

USD/CHF Forecast: Bulls Emerging Ahead of US Inflation Data

Investors expect the Federal Reserve to raise rates by 75 basis points. Annual inflation in the US is expected to drop from 9.1% to 8.7%. The...

USD/JPY Price to Resume Rally as USD Strengthens After Upbeat NFP

The USD/JPY pair ended its corrective phase and seemed determined to resume its uptrend. A new higher high activates further growth. Dropping and stabilizing below the...

USD/CAD Price Analysis: Bulls Dominating amid Growing Divergence

Canada’s economic activity shrank for the first time in July. US payrolls increased for the 19th month in July. The Fed is expected to raise rates...

USD/JPY Forecast: Trading Above 133.00 Ahead of the Nonfarm Payrolls

The pair is expected to fall further to 132.00. JP Morgan researchers forecast poor NFP results. Japan’s economy recovered in Q2. The USD/JPY price forecast remains negative...

GBP/USD Price Analysis: Sterling Falling Ahead of the BoE Rate Decision

Investors expect a 50 basis point rate hike from the BoE. Inflation in the UK might get to 15% in early 2023. In the charts, sentiment...
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NZD/USD Price Breaks Channel Support, Awaiting ISM Services PMI

The NZD/USD pair signaled exhausted buyers after failing to retest the channel’s upside line. A new lower low activates more declines. The US economic data could...

GBP/USD Price Gains amid Weaker USD, Shy of 1.22 Ahead of US Data

GBP/USD recovers from weekly lows on Wednesday on moderate dollar weakness. The positive sentiment on the stock markets is undermining the safe haven dollar. Recession fears,...

USD/JPY Price Halts Downside as Greenback Gains, Eying Risk Mode

As USD/JPY falls to a two-month low for the fifth day in a row, it continues to lose positions. JPY is supported and under pressure...

USD/JPY Price Slightly Recovers Above 133.0, Eying US PCE Data

The USD/JPY pair maintains a bearish bias as long as it stays under the median line (ml). False breakouts could announce a new sell-off. A valid...

USD/CAD Price Analysis: US GDP Contraction Weighing on Greenback

US GDP contracted in Q2. Investors expect a drop in Canada’s GDP. There is a bullish RSI divergence in the charts. Today’s USD/CAD price analysis is bearish...

USD/JPY Outlook: Dollar Weakens amid Potential Pause in Rate Hikes

Powell reduced concerns over further monetary tightening. The Fed noted weakness in the US economy. Investors are expecting GDP to grow in Q2. Today’s USD/JPY outlook is...
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