Market Analysis
GOLD
Gold prices have broken above recent resistance levels, signaling stronger bullish potential in the coming days. The RSI is showing oversold recovery, indicating room for further upside, while the MACD remains firmly bullish. With momentum accelerating, we maintain a bullish outlook, especially given the price action confirming continuation strength.
SILVER
Silver is experiencing increased bullish momentum, although prices remain within a consolidation zone. Given the current structure, we will withhold any directional bias until a clear breakout materializes.
DXY (U.S. Dollar Index)
The Dollar continues to trade in a consolidation range, with market structure reflecting hesitation to resume its bullish trend. We remain neutral for now and will wait for clearer signals before establishing a new directional bias.
GBP/USD
The Pound is seeing renewed bullish movement, largely driven by persistent uncertainty surrounding the U.S. Dollar. However, as with other majors, we prefer to wait for additional market developments before reinforcing any directional stance.
AUD/USD
The Aussie dollar continues to gain strong bullish momentum, supported by Dollar weakness. As Gold leads the way in precious metals, the AUD and other commodity-linked currencies are following suit. We expect continued buying interest unless a structural reversal occurs.
NZD/USD
The Kiwi is also exhibiting clear bullish momentum, with both RSI and MACD reflecting strong upward bias. Given this alignment of technical indicators, we anticipate further upside in the short term.
EUR/USD
The Euro remains in a consolidation phase with no decisive breakout. We maintain a neutral stance until the market offers a clearer technical direction.
USD/JPY
The Yen is showing increasing bearish pressure on USD/JPY, reflecting overall Dollar weakness. Both MACD and RSI signal growing downside momentum, and with the Yen shifting broader market bias to bearish, we expect further selling pressure in the coming sessions—unless significant technical or fundamental catalysts emerge.
USD/CHF
No significant changes for the Franc. The pair remains in consolidation but continues to respect bullish structural patterns. If prices fail to extend higher, however, the risk of a bearish shift increases. For now, we cautiously anticipate further buying but await confirmation.
USD/CAD
CAD remains in a tight consolidation, although recent price action shows it drifting lower—implying growing seller interest. The RSI’s strong reaction to the recent retracement high suggests a continuation of selling pressure. We will closely monitor how prices behave around current support levels to confirm a directional breakout.
COT Reports Analysis
- AUD – WEAK (4/5)
- GBP – STRONG (4/5)
- CAD – WEAK (3/5)
- EUR – STRONG (5/5)
- JPY – STRONG (5/5)
- CHF – WEAK (2/5)
- USD – MIXED
- NZD – STRONG (2/5)
- GOLD – STRONG (2/5)
- SILVER – STRONG (5/5)
Final Thoughts
As global sentiment continues to evolve, bullish momentum in precious metals like gold and commodity currencies like AUD and NZD is becoming increasingly apparent. Meanwhile, consolidation remains dominant across several USD pairs, suggesting a period of indecision as markets await clarity from the Federal Reserve and geopolitical developments.
Stay focused on technical confirmations and support/resistance levels to guide your short-term forex trading strategies. Momentum is shifting—be ready to act accordingly.
