Weekly Forecast 16 to 20/08

    Weekly Forecast 16 to 20/08

    Created on August 16, 2026 USD/CAD The US dollar has fallen during the bulk of the week against the Canadian dollar as we are now entering the so-called golden zone between the 50% Fibonacci retracement level and the 61.8% Fibonacci retracement level. The market now finds itself at a bit of a crossroads, but it…

    Read More
    GBP/USD Chart Analysis

      Picks up above 1.3500 amid generalised US Dollar weakness

      British Pound picks up above 1.3500 against the US Dollar, after bouncing off lows at 1.3474 . The US Dollar struggles on Friday as a run of soft inflation data has pushed back hopes of immediate Fed rate hikes. Later today, the US Retail Sales and Michigan Consumer Sentiment Index data will provide further insight…

      Read More
      Fig. 1. The crypto market has retreated to the lower end of its range since May.

        The Crypto Market Has Again Stepped Back on Strong Stocks

        Market Overview The crypto market has pulled back to the lower end of the consolidation range in place since May. The upward trend seen in the first week of the month failed to gain momentum, repeating the pattern seen in June and July when bullish attempts also faded. It appears that the theory of an…

        Read More
        EUR/AUD Weekly Outlook - ActionForex

          EUR/AUD Weekly Outlook – ActionForex

          Overall outlook in EUR/AUD is unchanged as corrective pattern from 1.6108 (or 1.6125) is still extending. Initial bias stays neutral this week first. on the upside, above 1.6405 minor resistance will turn bias to the upside for 1.6503 resistance. On the downside, break of 1.6250 will bring deeper fall back to retest 1.6108 low. In…

          Read More
          USD/CAD Weekly Outlook - ActionForex

            USD/CAD Weekly Outlook – ActionForex

            USD/CAD’s fall from 1.4247 continued last week and accelerated through the near term falling channel. The development solidifies the case that rebound from 1.3480 might have completed with three waves up to 1.4247 already. Initial bias stays on the downside this week for 61.8% retracement of 1.3480 to 1.4247 at 1.3773. On the upside, above…

            Read More
            Dollar Index Faces Imminent Breakdown Risk as Fed Hike Path Shrinks

              Dollar Index Faces Imminent Breakdown Risk as Fed Hike Path Shrinks

              TL;DR: Dollar Index is approaching a critical support level as September Fed hike odds collapse from likely to roughly a two-in-three chance of a hold — not because tightening risk has disappeared, but because weaker jobs and softer consumer demand are limiting how far the Fed can realistically go. Why Dollar Has Looked Increasingly Fragile US Dollar…

              Read More
              EUR/GBP Weekly Outlook - ActionForex

                EUR/GBP Weekly Outlook – ActionForex

                Outlook is unchanged in EUR/GBP as range trading continues. Initial bias remains neutral this week first. While rebound from 0.9453 might extend, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of 0.8528 support will argue that the corrective rebound from 0.8453 has completed, and turn bias…

                Read More
                USD/CHF Weekly Outlook - ActionForex

                  USD/CHF Weekly Outlook – ActionForex

                  Range trading continued in USD/CHF last week and outlook is unchanged. Initial bias remains neutral this week first. With 0.8029 support intact, further rally is expected. On the upside, firm break of 0.8205 will extend the rise from 0.7603 to 161.8% projection 0.7603 to 0.8041 from 0.7600 at 0.8469. However, decisive break of 0.8029 will…

                  Read More