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EUR/USD

Weekly Market Spotlight: USD Dominance, European Weakness, and Gold & Oil Trends Amid Geopolitical Tensions

Weekly Technical Outlook by Matt Weller at FOREX.com highlights key trends for EUR/USD, GBP/USD, USD/JPY, gold, oil, and SPX500 as markets react to mixed economic data, central bank signals, and geopolitical tensions. Watch for EUR/USD bearish pressure toward 1.0750, GBP/USD sideways near 1.2900, and USD/JPY nearing 160.00 in the week ahead. More details: forex.com/ie/news-and-analysis/eur-usd-gbp-usd-usd-jpy-gold-oil-spx500-weekly-technical-outlook-7-21-2025

USD/CAD

USD/CAD Surges Past Correctional Trend, Setting the Stage for Continued Upward Momentum

USD/CAD has broken above its bullish correction trend line, signaling a potential continuation of upward momentum. Key technical indicators and support levels suggest strength, while traders watch for breaks above 1.3625 to confirm further gains. Fundamental factors like oil prices and US economic data remain crucial in shaping the pair’s near-term direction. #Forex #USDCAD #Trading

GBP/USD

GBP/USD Breaks Free from Bearish Channel: Key Technical and Fundamental Insights Ahead of July 22, 2025

GBP/USD has broken out of its bearish correctional channel, signaling a potential bullish shift as it challenges resistance near 1.2890 and eyes the 1.3000 mark. Technical momentum aligns with cautious optimism amid mixed UK economic data and evolving Fed-BoE policy expectations. Traders should watch support around 1.2810 to gauge sustainability of the move. Full analysis based on economies.com insights.

AUD/USD

**AUD/USD Daily Outlook: Downtrend Persists with Key Support in Sight**

AUD/USD remains under bearish pressure, flirting below 0.6600 amid broad USD strength and risk-off sentiment. Immediate support comes at 0.6575, with further downside potential toward 0.6520 if broken. Resistance hurdles lie near 0.6650 and 0.6700. Daily chart shows a double top near 0.6715 and key Fibonacci levels signaling room for continued retracement. Watch the 20- and 50-SMA on the 4-hour timeframe as dynamic resistance. Overall, momentum favors cautious short positions unless price reclaims 0.6700 convincingly. #Forex #AUDUSD #TechnicalAnalysis

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