Market Analysis
GOLD
Among the 9 Key Forex Setups, GOLD reflects a critical moment of indecision. After retreating from its recent highs following stronger-than-expected JOLTS Job Openings data, gold retraced to test broken structure levels. While this pullback may support further buying, the MACD and RSI suggest growing bearish momentum. Today’s price action near the EMA200 will be vital in confirming direction. With the OECD cutting its U.S. growth forecast from 2.2% to 1.6%, and reducing global 2025 projections due to tariffs, the long-term bias remains cautiously bullish.
SILVER
SILVER maintains its place in the 9 Key Forex Setups, showing a steady bullish trend. Momentum indicators like MACD and RSI continue to reflect strong buying. With prices nearing their previous highs, traders should watch closely for either a continuation breakout or a pullback before resuming the upward move.
DXY
The U.S. Dollar enters the 9 Key Forex Setups list with renewed strength following the JOLTS report (7.39M vs. 7.1M expected). This improved labor outlook supports the view that the Fed might delay rate cuts. Despite bullish momentum on the MACD and RSI, prices still face overhead resistance at the EMA200. Until a break occurs, we remain cautious. Upcoming data like ADP Employment and ISM Services PMI will determine whether this bullish move sustains.
GBPUSD
The Pound is gaining traction after testing the 1.34998 level, supported by strong MACD volume. Though RSI shows normalization in buying, it still ranks among the 9 Key Forex Setups due to its structural support and potential for bullish continuation. We will watch for retracements as new entry points.
AUDUSD
AUD/USD has entered the 9 Key Forex Setups after bouncing from the EMA200. MACD and RSI present mixed signals—MACD shows bullish potential while RSI warns of bearish pressure. Despite this, structure remains bullish until broken, so we continue watching for new buying opportunities.
NZDUSD
The Kiwi shows signs of bearish rejection after failing to break the 0.60455 resistance. Still, it earns a place in the 9 Key Forex Setups thanks to its potential pivot at 0.59796 and the EMA200. MACD and RSI point to bearish momentum, but overall structure remains bullish unless a breakdown confirms otherwise.
EURUSD
EUR/USD has weakened after recent highs, retreating into consolidation. With MACD and RSI indicating selling momentum, we are watching for support rejections at key levels. As part of the 9 Key Forex Setups, EUR/USD remains a watchlist pair for bullish setups upon price stabilization.
USDJPY
USD/JPY presents a high-potential scenario within the 9 Key Forex Setups. Although MACD and RSI suggest a potential bullish reversal, price remains below the EMA200 and overall structure leans bearish. We await a break of structure before changing our short-term bearish bias.
USDCAD
USD/CAD continues its bearish structure despite Dollar strength, earning its spot in the 9 Key Forex Setups. With MACD signaling strong downside volume and RSI nearing oversold, the setup favors further USD weakness unless a technical reversal occurs.
USDCHF
Though not in the top nine setups this week, USD/CHF remains notable. While recent movement hints at bullish potential, the structure still favors bearish continuation unless a clear breakout is observed.
COT Market
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 9 Key Forex Setups reflect the push-pull between improving U.S. data and global economic doubt stemming from erratic trade policy. Gold, DXY, and USD/CAD highlight key areas of opportunity, while pairs like EUR/USD and NZD/USD remain sensitive to structural levels. With market sentiment shifting around jobs data and tariff enforcement, traders must remain alert to short-term volatility while sticking to disciplined setups based on price action and macro fundamentals. Visit us: https://axelprivatemarket.com/