Introduction
This week’s weekly forex trading plans revolve around heightened anticipation around tariff policy announcements from the U.S. administration. With major pairs and commodities entering key zones, we explore how this aligns with popular forex swing trading strategies, alongside relevant cross rates analysis and rising volatility in cross-currency pairs. This market environment also provides opportunities for those practicing position trading in forex, especially when analyzing metals and commodity-linked currencies.
GOLD
GOLD prices continue to show increased chances for a bullish continuation. Despite heavy selling volume in the past sessions, price levels held up, reflecting underlying strength. The MACD is showing increasing bullish volume, suggesting that buyers are absorbing downward pressure. Meanwhile, the RSI reveals growing bullish momentum, though it is approaching overbought territory. This could indicate an upcoming period of sideways consolidation. Much of the future movement hinges on President Trump’s tariff announcement, which will heavily influence global expectations. For now, the technical and sentiment landscape remains bullish, making gold a compelling asset for traders applying forex swing trading strategies and long-biased setups in metals.
SILVER
SILVER prices are shaping up for another buying opportunity, especially if gold continues to rally. Current price action remains supported above 33.5028 while testing the EMA200. However, the RSI is at overbought levels, showing that a potential cooldown might be on the way. The MACD indicates rising bearish volume, which supports short-term selling. Nevertheless, silver still stands as a potential hedge play amid rising metal prices, particularly for those watching volatility in cross-currency pairs and commodity flows in forex markets.
DXY
The Dollar Index is consolidating, as traders await further clarity on how new tariff implementations may impact the broader economy. While there is potential for an upward breakout, current market structure remains bearish. This consolidative setup is further confirmed by the MACD and RSI, both of which suggest limited momentum in either direction. Until the market receives stronger macroeconomic cues, we maintain a short bias and remain cautious in our weekly forex trading plans.
GBPUSD
GBPUSD continues to consolidate, with no strong technical or fundamental catalysts driving movement at the moment. Both the RSI and MACD support this range-bound action. With no directional clarity in sight, we are holding off on taking any new positions in this pair. However, this type of setup may evolve into a swing opportunity depending on upcoming U.S. policy updates, aligning well with position trading in forex.
AUDUSD
The Australian Dollar is showing signs of renewed strength amid broader risk-off sentiment. Prices have broken above the EMA200, and the MACD shows growing bullish volume. The RSI is currently normalizing, indicating that buying momentum is stabilizing rather than peaking. With this shift in structure, we expect further upside in AUDUSD, making it a potential candidate for forex swing trading strategies, especially in light of cross rates analysis involving AUDJPY or AUDNZD.
NZDUSD
The New Zealand Dollar is experiencing increased buying volume and momentum, although the overall trend still leans bearish. The RSI has reached overbought territory but is beginning to normalize, suggesting a potential for pullbacks. The MACD supports continued buying pressure in the short term. NZDUSD is currently testing the EMA200, and any failure to break higher could renew downside momentum. From a fundamental standpoint, we expect continued Kiwi weakness, which may cause unexpected volatility—a factor to be watched closely in cross-currency pair interactions.
EURUSD
Like the Pound, the Euro remains in a prolonged consolidation phase. While the MACD shows an increase in bearish volume, price action has not yet confirmed a breakdown. The RSI is neutral, suggesting no strong momentum in either direction. Although we’re staying neutral for now, there is growing potential for bullish continuation if market sentiment shifts. This setup fits well within cautious position trading in forex frameworks.
USDJPY
The Yen is stabilizing around a critical support zone as traders wait for more definitive signals from U.S. policy announcements. The MACD appears flat with no strong volume in either direction, while the RSI shows overbought conditions. This combination suggests a likely continuation of sideways movement. Traders interested in volatility in cross-currency pairs such as JPY crosses should keep a close eye on any sentiment shifts that could move the needle on this pair.
USDCHF
USDCHF remains in a tight consolidation. There are no strong technical indicators at the moment suggesting a breakout. We’re observing closely for any shift in fundamentals before committing to a directional bias. This pair remains neutral for now, consistent with a wait-and-see approach favored in weekly forex trading plans.
USDCAD
The Canadian Dollar continues to consolidate within a long-term range. After pulling back from a recent high, the MACD now shows growing bearish volume, and the RSI confirms a normalization in selling pressure. If the U.S. imposes new tariffs on Canada, this could lead to further CAD weakness, although any impact will depend heavily on the tone and scope of the policy changes. For now, consolidation is expected to persist, though the downside remains the favored path if sentiment turns risk-off.
COT Reports
Analyzing the Commitment of Traders (COT) data reveals the following sentiment ranking:
- AUD – WEAK (5/5)
- GBP – STRONG (5/5)
- CAD – WEAK (4/5)
- EUR – STRONG (5/5)
- JPY – STRONG (4/5)
- CHF – WEAK (5/5)
- USD – STRONG (3/5)
- NZD – WEAK (4/5)
- GOLD – STRONG (4/5)
- SILVER – STRONG (4/5)
This sentiment matrix is invaluable for building weekly forex trading plans, aligning setups with market positioning, and crafting swing entries that are in sync with institutional flows. It also supports our broader cross rates analysis and trend confirmation across correlated assets.
Conclusion
This week’s forex market remains shaped by macroeconomic expectations and trader anticipation over geopolitical policy moves. GOLD and SILVER continue to be attractive setups for bullish swing entries, while major currency pairs remain in consolidation. The Dollar Index’s indecision, combined with risk-sensitive pairs like AUDUSD and NZDUSD reacting to broader sentiment, creates opportunities for both forex swing trading strategies and long-term position trading in forex. With volatility in cross-currency pairs expected to rise, traders should stay alert and reactive as the news unfolds.