Market Analysis
GOLD
Gold has remained in consolidation, with both the RSI and the MACD respecting this bias. We refrain from calling for a specific change in the market but continue to look for more buying opportunities. Forex swing trading strategies could be useful for traders looking to capitalize on potential breakouts or shifts in momentum.
SILVER
Silver prices are currently finding increased bullish movement, supported by the EMA200. The MACD is showing increased bullish movement, and the RSI is consolidating. We wait for a clearer movement but anticipate further buying opportunities. Position trading in forex may offer a solid opportunity as silver’s momentum grows.
DXY
The Dollar is weakening ahead of U.S. data, with uncertainty surrounding the upcoming reports. This week’s data train will lead the expectations of traders for the coming months. The MACD and the RSI both show signs of selling continuation as prices fail to surpass the EMA200, indicating that the overall bearish movement is being respected. Traders should watch for any cross rates analysis as the market adjusts to data releases.
GBPUSD
The Pound has shown increased bullish movement, as expected, with both the MACD and RSI reflecting bullish momentum growth. We anticipate more buying in the coming days unless the U.S. economic data turns out better than expected. Forex swing trading strategies will be key for traders looking to capture the bullish trend.
AUDUSD
The Aussie Dollar is showing favorable bullish momentum, as expected. However, we refrain from changing our analysis until we see a clearer break of structure in price. Position trading in forex should be applied cautiously as we await a more defined trend.
NZDUSD
The Kiwi is consolidating, currently squeezed between the EMA200 and the 0.59796 level. We will wait for a clearer break of structure before taking action. Cross rates analysis will help determine if the consolidation resolves into a clear upward or downward move.
EURUSD
The Euro is experiencing growth in bullish momentum, supported by the EMA200. The MACD and RSI show strong buying bias. However, we remain cautious about overselling the Dollar, as market conditions could shift. Traders should be mindful of volatility in cross-currency pairs to gauge the true direction.
USDJPY
The Yen retracted from its highs after a lack of volume to buy, shifting back to selling. The MACD and RSI both reflect bearish growth, suggesting further downside movement. We expect prices to continue lower in the coming days, but forex swing trading strategies should be used cautiously to capture any reversals.
USDCHF
The Franc has found increased selling momentum, with the MACD and RSI reflecting a continuation of the bearish trend. While the Franc showed a brief bullish shift, there wasn’t enough momentum to sustain it. We expect more selling opportunities, though we suggest staying alert to price developments as the market adjusts to data from the Dollar. Position trading in forex can help capture potential moves if the market shifts.
USDCAD
The CAD has consistently failed to break above the EMA200 and remains bearish. The MACD and RSI show strong bearish momentum and volume. We anticipate further selling opportunities but advise caution as prices may experience some volatility. Cross rates analysis will be helpful for traders to identify clear trend shifts in USDCAD.
COT Reports Analysis
- AUD – WEAK (5/5)
- GBP – STRONG (5/5)
- CAD – STRONG (1/5)
- EUR – WEAK (1/5)
- JPY – STRONG (5/5)
- CHF – WEAK (2/5)
- USD – MIXED
- NZD – STRONG (1/5)
- GOLD – STRONG (2/5)
- SILVER – STRONG (3/5)