Market Analysis
GOLD
Gold prices remain consolidated, currently positioned near the EMA200 and the lower boundary of a key consolidation zone. Both MACD and RSI indicators support this consolidation phase. We’re waiting for a decisive move to signal the next trend direction.
Among the 7 Forex Market Setups this week, gold stands out as a prime example of how geopolitical risk—such as President Trump’s recent tariff threats—can create safe-haven demand. As the market reacts, this setup demands careful monitoring for breakout opportunities.
SILVER
Silver continues to show signs of consolidation. Until a definitive breakout or breakdown occurs, we maintain a neutral stance.
As part of the 7 Forex Market Setups worth tracking, silver’s technical structure reflects hesitation amid broader market uncertainty. This setup is important for traders waiting to catch a momentum shift.
DXY
The U.S. Dollar Index (DXY) is trading sideways, hinting at a potential bearish continuation. Momentum indicators like MACD and RSI suggest further selling pressure may emerge.
Within the 7 Forex Market Setups featured this week, the DXY’s indecisiveness mirrors broader uncertainty in USD performance. Its movement is critical in shaping direction across multiple forex pairs.
GBPUSD
GBP/USD finds support at the EMA200, with RSI indicating bullish momentum nearing overbought territory. A minor pullback is possible near the 1.34998 resistance zone. However, MACD suggests sustained bullish momentum.
As one of the 7 Forex Market Setups, GBP/USD presents an opportunity aligned with positive sentiment for the Pound. It’s a key chart to watch for continuation or potential reversal signs.
AUDUSD
AUD/USD is bouncing off the 0.64086 support level with growing bullish volume. Momentum indicators are aligned with further upward movement.
Included in this week’s 7 Forex Market Setups, the Australian Dollar offers a clear trend structure for strategic forex trade planning.
NZDUSD
NZD/USD shows a strong bullish rejection from recent support levels. MACD confirms increased buying pressure, although the RSI is nearing overbought levels.
Among the 7 Forex Market Setups, NZD/USD stands out with its momentum-rich environment, presenting a solid candidate for tactical price action trading.
EURUSD
EUR/USD remains trapped in a consolidation zone, retesting its upper boundary. While MACD hints at bullish momentum, the RSI’s approach toward overbought conditions urges caution.
This pair is central to the 7 Forex Market Setups due to its high relevance and potential for breakout. EUR/USD trend analysis remains essential here.
USDJPY
USD/JPY has failed multiple attempts to break above the EMA200, suggesting bearish potential. Despite this, long-term trend structure still supports bullish continuation.
As part of the 7 Forex Market Setups, USD/JPY highlights a dual narrative—short-term bearish signals versus longer-term bullish structure.
USDCHF
USD/CHF has weakened following a recent retreat from highs. Prices are consolidating under resistance, with bearish signals from MACD and RSI.
Included in the 7 Forex Market Setups, USD/CHF shows potential for further decline, pending confirmation through key support levels.
USDCAD
USD/CAD continues to slide as CAD strengthens, driven by a strong Q1 2025 GDP report (2.2% annualized) and reduced likelihood of an immediate rate cut by the BoC.
This pair rounds out the 7 Forex Market Setups, offering a bearish bias that aligns with current macroeconomic fundamentals favoring the Canadian dollar.
COT Market Analysis
AUD – WEAK (5/5)
GBP – STRONG (5/5)
CAD – WEAK (5/5)
EUR – STRONG (3/5)
JPY – STRONG (3/5)
CHF – WEAK (4/5)
USD – MIXED
NZD – WEAK (4/5)
GOLD – STRONG (3/5)
SILVER – STRONG (5/5)
Final Thoughts
This week’s 7 Forex Market Setups showcase a range of opportunities across metals and major currency pairs. Strategic forex trade planning and consistent application of price action trading remain critical, especially with EUR/USD and related setups in consolidation or reversal zones. As geopolitical and economic developments evolve, being selective and disciplined in execution will help traders capitalize on the most favorable market conditions. Visit: https://axelprivatemarket.com/