Market Analysis
GOLD
Gold prices are showing increased bearish movement, confirmed by both MACD and RSI indicators signaling strong bearish momentum. The shift in technical forex analysis comes after prices broke below the EMA200 and the lower price boundary, confirming a structural change. This move coincides with a U.S. Court ruling that invalidated Trump’s reciprocal tariffs, creating a major shift in economic sentiment. The Federal Reserve’s recent minutes suggest a patient approach, as risks of inflation and unemployment rise. We now expect continued selling pressure unless a sharp reversal occurs.
SILVER
Silver remains in a tight consolidation range. Technical indicators such as the MACD and RSI reflect indecision, with RSI fluctuating within boundaries. This suggests a neutral outlook with no clear momentum. For now, we expect consolidation to dominate silver’s price action over the long term, unless new catalysts emerge.
DXY
The U.S. Dollar index surged as tariff concerns eased. This boost in investor sentiment contributed to the rise in bullish momentum, as reflected in both the MACD and RSI. Though a bullish continuation is expected, there’s also the potential for price consolidation while awaiting clearer fundamental drivers. Forex market insights support a cautiously bullish outlook.
GBPUSD
The Pound shows signs of bearish continuation based on MACD and RSI readings. However, with prices still respecting bullish structures, we are not yet calling for a complete reversal. We’ll wait for a confirmed break in structure before shifting our outlook. For now, we monitor for a possible bullish recovery.
AUDUSD
The Australian Dollar is under increased selling pressure, with volume and momentum indicators pointing bearish. Prices are testing a critical structural level at 0.64086. A break below this level would likely trigger further losses. Technical forex analysis highlights this zone as a key area to watch.
NZDUSD
The Kiwi has dropped significantly from the 0.59796 level. Despite the bearish movement, the MACD shows divergence, and RSI is slow to enter oversold territory. This signals that momentum may not fully support the sell-off. We maintain a long-term bullish bias but await a clearer break in structure before confirming any change.
EURUSD
EUR/USD price action has shifted toward a bearish structure. Both MACD and RSI confirm increased selling pressure. The pair is now consolidating within a broader range, and unless it breaks below 1.11747, the consolidation may persist. Still, technical indicators currently favor sellers, suggesting that bearish opportunities could emerge.
USDJPY
The Yen continues to weaken against the Dollar. This is supported by strong bullish indicators from both MACD and RSI. Technical forex analysis confirms bullish continuation for USD/JPY as the U.S. Dollar’s strength and Japan’s uncertain outlook weigh on the Yen. We expect continued bullish price action.
USDCHF
The Swiss Franc is weakening further as USD/CHF moves above the EMA200. MACD and RSI both show increased bullish momentum. The overall price structure now favors buying opportunities, aligning with our broader forex trading strategies.
USDCAD
The Canadian Dollar is currently testing the EMA200. While RSI and MACD both show bullish signs, the larger structure remains bearish. We will continue to seek bearish opportunities unless a confirmed reversal occurs. This technical zone remains critical for short-term trade setups.
COT Market Analysis
- 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 offers a variety of actionable forex trading strategies. From the EUR/USD price action’s bearish shift to the consolidation seen in Silver, the market presents both risk and opportunity. Forex pair correlation continues to play a vital role in forecasting momentum. With central banks signaling shifts and geopolitical headlines influencing direction, traders must stay sharp and responsive. Leverage these forex market insights to guide your decisions with structure, discipline, and agility. Visit: https://axelprivatemarket.com