GBP/USD is in a firm-up trend but we are now technically overbought and the bullish fundamentals are now discounted – we expect a downturn in GBP/USD.
Read more: GBP/USD Outlook a Bullish Extreme Uptrend to Exhaust
EUR/CAD has been in a major uptrend but speculators are now heavily long of the euro and we expect a turn down.
Read more: EUR/CAD Analysis Outlook – Trading Sentiment Extremes
The EUR Has seen a big move to the upside and we are now expecting the rally to end and a trend reversal to the downside to be confirmed. A roundup of the fundamentals technicals and sentiment below.
In our last article, we expected the DXY to rally but it sold off hard to the downside, we are deeply oversold and the risk to reward on USD longs is excellent in our view. We are looking for the bearish sentiment to peak today and the main event of the day is Fed Chair Powells speech at Jackson Hole...
Read more: DXY Analysis and Outlook Fed Chair Powell Jackson Hole Speech
We have been bullish the USD/JPY in recent articles and we are also bullish all other majors v the JPY and one of the most attractive pairs in our view is CAD/JPY. Our view on the fundamentals sentiment and technical levels to watch out for are below.
The DXY corrected to the downside and has shown some strength and now expect the USD to work its way higher with dips being buying opportunities...
We saw a big fall in USD/JPY as the record number of speculators who were long were taken out of the market on stop – We have seen some upside in the USD but expect more as the USD corrects its oversold condition.
We are bearish on GBP/USD and expect more downside in the pair and we have Both UK and US inflation data this week. Our view of the fundamentals, sentiment, and technicals are below...
We have been bearish of GBP/USD in recent articles and the GBP has fallen back but mounted a rally on Friday which we believe is a sell. Our logic in terms of the fundamentals, sentiment and key technical levels below...
Read more: GBP/USD Analysis Forecast Going Down Fade Rallies
In recent weeks we have been JPY bullish but switched to short-term bearish before the BOJ but price action so far has proved us wrong as the JPY has firmed but we expect a correction after the Fed today.
We have done numerous articles in the last few weeks in terms of GBP/USD and our bearish view and while we have seen some downside but so far its been minor but the Bank of England meeting is coming up and we expect a move up in volatility.
