Market Analysis
GOLD
GOLD is currently holding near its lower boundary and the EMA200, following some losses experienced yesterday. Both the MACD and RSI indicators show increased bearish movement and strong bearish momentum. However, as long as this lower boundary holds, we will not call for a price shift and will continue to look for bullish opportunities. For now, we are watching for a potential bounce off this structural level as an entry point to buy the market.
SILVER
SILVER prices are currently showing increased bullish movement. The bounce off the EMA200 indicates growing appreciation, and the MACD shows a notable increase in bullish volume. However, the RSI is rapidly approaching overbought levels. Nevertheless, we will await a clear break above the recent high before taking action, to gain more certainty about the market’s direction.
DXY
The Dollar is currently exhibiting increased strength, contrary to initial fundamental indications. This sudden surge in strength follows improved U.S. consumer confidence, which has bolstered sentiment toward the greenback. Market optimism was further supported by President Trump’s decision to delay a planned 50% tariff on the EU. Despite this increase in strength, we maintain our bearish price expectations as the market continues to respect established selling structures. Technical forex analysis indicates bullish momentum through RSI and MACD signals.
GBPUSD
The Pound is currently experiencing increased selling momentum and volume, as evidenced by both the RSI and MACD indicators. There is a high probability that prices will reach the EMA200 and react at this significant level. Despite the current price decline, the overall forex price structure remains bullish, and we continue to look for bullish forex trading strategies.
AUDUSD
The Australian Dollar is testing the 0.64427 level and the EMA200. While it briefly dropped below the EMA, it continues to respect the bullish price structure. RSI shows overbought levels, hinting at potential bearish momentum. The MACD indicates rising bearish movement. Technical forex analysis will guide our next move as we await further confirmation.
NZDUSD
Following the RBNZ rate cut, the Kiwi experienced losses but has since rebounded on a positive economic outlook. The MACD and RSI show increased buying momentum and volume. With inflation targets met and room for further easing, the NZD remains one of the more dynamic pairs to watch in current forex pair correlation structures.
EURUSD
The Euro remains in a consolidation phase, testing the EMA200. While the recent highs weren’t breached, the overall EUR/USD price action suggests potential continuation higher. RSI and MACD reflect normalized selling, possibly a retracement before a bullish move. This analysis supports our ongoing bullish bias based on forex market insights.
USDJPY
The Yen weakened due to the strengthening Dollar. MACD and RSI show strong bullish momentum, pointing to potential upward continuation. Policy uncertainty in Japan continues to weigh on the Yen. Despite this, overall structure shows early signs of a bullish outlook developing.
USDCHF
The Swiss Franc is testing the EMA200, with RSI signaling increased bullish momentum. MACD also shows growing buying volume. Given its forex pair correlation with the USD, its next moves remain dependent on broader Dollar trends.
USDCAD
The Canadian Dollar is testing the EMA200. The RSI shows upward momentum, and MACD indicates growing bullish volume. However, the bearish structure remains respected, and we continue to seek bearish opportunities in alignment with our forex trading strategies.
COT Market
- AUD – WEAK (5/5)
- GBP – STRONG (2/5)
- CAD – WEAK (5/5)
- EUR – STRONG (3/5)
- JPY – STRONG (4/5)
- CHF – WEAK (5/5)
- USD – MIXED
- NZD – WEAK (4/5)
- GOLD – STRONG (4/5)
- SILVER – STRONG (5/5)
Final Thoughts
This week’s technical forex analysis highlights a diverse set of opportunities across major pairs and commodities. EUR/USD price action continues to show bullish structure, while forex pair correlation suggests that strength in USD may challenge commodity currencies. By aligning with these forex market insights, traders can refine their forex trading strategies and better navigate short-term volatility. Stay updated, remain flexible, and always trade with discipline. Visit: https://axelprivatemarket.com