Gold
Gold prices are inching closer to historic highs as expected, with the MACD and RSI reflecting increasing volume and buying momentum. This aligns with price action forecasting, indicating a possible continuation of the uptrend. The rise is fueled by growing geopolitical distress, uncertainty surrounding the major and minor currency pairs, and potential tariffs imposed by Trump. With trading platform features supporting technical analysis, market expectations remain bullish, increasing the likelihood of short-term forex gains in the coming sessions.
Silver
Silver prices have also moved higher following renewed dollar strength, reinforcing its safe-haven status. The MACD indicates increased buying volume, though the RSI suggests that silver is nearing overbought levels. However, silver remains in a bullish trend, and traders employing price action forecasting expect further price appreciation.
DXY (US Dollar Index)
The dollar index (DXY) is seeing increased gains, though gold remains resilient due to prevailing market uncertainty. The MACD is losing strength, and the RSI has previously signaled overbought conditions. The price action suggests trading platform features such as moving averages and trendlines are essential for tracking potential reversals.
GBPUSD
The pound remains in consolidation with no significant change from last week. However, the MACD reflects increased bullish volume, while the RSI is hinting at growing upside momentum. A break above 1.26163 would confirm a bullish continuation, aligning with compounding forex profits strategies.
AUDUSD
The Australian dollar remains directionless, reflecting hesitation among traders. The MACD shows renewed buying interest, yet the RSI suggests exaggerated bullish conditions. Traders monitoring major and minor currency pairs should assess short-term forex gains potential before making trading decisions.
NZDUSD
The Kiwi is still adjusting after muted movement yesterday. Prices edged lower, but the move wasn’t significant enough to raise concerns. The RSI is stabilizing between overbought and oversold conditions, signaling potential normalization of bearish momentum. With prices near EMA200 at 0.56859, traders should utilize price action forecasting to identify instant forex entry points.
EURUSD
The euro remains within a consolidation range, yet to test the EMA200 or the lower zone of the range. The MACD is nearing a bullish crossover, while the RSI remains neutral. With major and minor currency pairs driving market movement, traders should remain cautious until a breakout occurs.
USDJPY
The yen is currently under test without clear movement in either direction. While price action forecasting suggests possible buying pressure, continued sideways trading remains a possibility. The broader trend favors yen strength, reinforcing short-term forex gains opportunities.
USDCHF
The franc remains bearish, signaling potential continued selling pressure. The MACD has crossed downward, confirming increased volume near EMA200. The RSI remains indecisive, but a test of key levels could define further movements.
USDCAD
The Canadian dollar remains relatively unchanged, reflecting another muted trading session. While price action forecasting indicates possible movement in either direction, traders are awaiting a stronger catalyst for a decisive breakout.
COT Reports Analysis
The latest Commitment of Traders (COT) Report highlights the current strength and weakness among major and minor currency pairs:
- AUD – WEAK (4/5)
- GBP – WEAK (2/5)
- CAD – WEAK (4/5)
- EUR – WEAK (5/5)
- JPY – STRONG (5/5)
- CHF – WEAK (4/5)
- USD – STRONG (5/5)
- NZD – WEAK (5/5)
- GOLD – STRONG (4/5)
- SILVER – STRONG (4/5)
