Market Analysis
GOLD
Gold prices have broken above a key resistance level, signaling stronger bullish potential ahead. The RSI indicates an oversold recovery, pointing to further upside room, while the MACD continues to show bullish momentum. With price action confirming strength and acceleration building, we maintain a bullish outlook for the near term, especially if geopolitical uncertainties persist.
SILVER
Silver is gaining bullish momentum, but prices remain confined within a broader consolidation range. The MACD and RSI are supportive of further upside; however, without a clear breakout from the current zone, we withhold any directional bias. A confirmed breakout will be key for establishing a firmer trend.
DXY (U.S. Dollar Index)
The Dollar is currently consolidating within a tight range. The market structure reflects hesitation in resuming the broader bullish trend, particularly in the face of mixed economic data and shifting rate expectations. With technical indicators showing neutral momentum, we remain on the sidelines until a clearer signal emerges.
GBP/USD
The Pound is showing renewed bullish interest, supported by continued uncertainty around U.S. monetary policy. However, without clear confirmation, we remain cautious. The MACD is turning higher, and the RSI supports further upside, but we prefer to wait for additional market developments before establishing a stronger stance.
AUD/USD
The Aussie dollar is pushing higher on the back of commodity strength and Dollar weakness. As GOLD leads the rally in precious metals, the AUD and other commodity-tied currencies are gaining momentum. Technicals show strong bullish bias. Unless we see a reversal structure form, continued buying is anticipated in the short term.
NZD/USD
NZD/USD mirrors the Aussie’s bullish structure. Both RSI and MACD signal continued upside, with price action aligning with stronger buying momentum. Short-term outlook remains bullish, supported by positive risk sentiment and weakening USD fundamentals.
EUR/USD
The Euro remains locked in a consolidation phase, lacking the conviction for a breakout. RSI and MACD show neutrality, and without directional movement, we continue to adopt a wait-and-see approach.
USD/JPY
USD/JPY is under pressure as Dollar weakness fuels bearish sentiment. The MACD and RSI both signal downside momentum, suggesting further selling pressure unless new technical or fundamental catalysts emerge. The overall trend now leans bearish with short-term confirmation building.
USD/CHF
USD/CHF remains range-bound but continues to hold above key bullish structures. RSI and MACD are flattening, and a breakout is needed to confirm the next direction. A failure to extend higher could shift sentiment toward the downside. For now, the bias is cautiously bullish with a neutral overlay.
USD/CAD
USD/CAD is trending sideways but has started drifting lower—indicating potential growing bearish sentiment. RSI’s reaction to the retracement high supports this view. A test of the current support level will be critical; a break lower would confirm bearish continuation, while a bounce would keep the pair in consolidation.
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 gold breaks out of resistance, it sets the tone for commodity-backed currencies like AUD and NZD, both showing clear bullish momentum. The U.S. Dollar remains in a holding pattern as traders await directional cues from the Fed. Silver’s consolidation keeps it neutral for now, while USD/JPY turns increasingly bearish. With geopolitical tensions and rate uncertainty continuing to drive the market, traders should apply long-term forex trading strategies, use cross currency analysis, and stay alert for volatility in pair correlations and swings.