Gold
GOLD remains near the EMA200, lacking significant movement as the market awaits inflation reports. Our outlook remains bearish, with price rejection at the EMA200 reinforcing this stance. Traders should watch for potential shifts as price action forecasting indicates further downside risks.
Silver
Despite a slight recovery, buying momentum remains weak, reinforcing expectations that selling will continue. A lack of strong price movement suggests a cautious approach, as short-term forex gains may be limited in the current market environment.
DXY
The Dollar remains steady as traders anticipate inflation data and the potential impact of Trump’s tariff plans. With no major price shifts, trading platform features such as real-time analytics can help traders make informed decisions while waiting for clearer market signals.
GBP/USD
The Pound has broken above resistance and continues its bullish momentum, though low volume suggests uncertainty. The MACD indicates a lack of strength, while the RSI shows steady bullish progression. Major and minor currency pairs like GBP/USD remain highly volatile, making price action key in determining entry and exit points.
AUD/USD
The Australian Dollar continues to weaken against the U.S. Dollar, maintaining a bearish trend. While the RSI moves sideways, suggesting indecision, traders looking for compounding forex profits should watch for potential breakouts that align with the broader trend.
NZD/USD
The Kiwi is showing increased weakness, confirming previous price action. While MACD and RSI have yet to indicate a strong sell signal, price action forecasting suggests a clear market shift toward selling. The EMA200 now acts as resistance, reinforcing a bearish outlook.
EUR/USD
The Euro remains in consolidation, aligning with previous expectations. While our analysis remains unchanged, a potential downside breakout could test the lower boundary of the consolidation range. Rising MACD volume and increasing RSI momentum highlight possible volatility in this major currency pair.
USD/JPY
The Yen has shown little movement, with no significant price action yesterday. As part of major and minor currency pairs, USD/JPY remains a key focus for traders assessing risk sentiment and global economic trends.
USD/CHF
The U.S. Dollar has gained ground against the Franc, bouncing off 0.89431. A test of the EMA200 is expected, but we are not yet calling for a full market shift. The RSI nears overbought territory, suggesting potential bearish pressure ahead. Short-term forex gains may arise from volatility in this pair.
USD/CAD
The Canadian Dollar weakens following Trump’s tariff announcement. Bullish momentum is increasing, with MACD and RSI supporting continued buying pressure. The current trend aligns with trading platform features that allow traders to track market sentiment and manage risk effectively.
COT Reports Analysis
- AUD – WEAK (3/5)
- GBP – WEAK (1/5)
- CAD – WEAK (4/5)
- EUR – WEAK (3/5)
- JPY – STRONG (5/5)
- CHF – WEAK (5/5)
- USD – STRONG (5/5)
- NZD – WEAK (5/5)
- GOLD – STRONG (4/5)
- SILVER – STRONG (5/5)
By analyzing major and minor currency pairs and implementing price action forecasting, traders can optimize their strategies for short-term forex gains while focusing on compounding forex profits through long-term trends. Utilizing trading platform features enhances decision-making and market adaptability.
