Market Analysis
GOLD
GOLD prices have risen to significant levels, showing no signs of a slowdown. The gap from last week’s break was also a bullish run, though the move was not that great. The MACD continues to find increased bullish movement, while the RSI is suggesting a potential for a pullback to come in for the charts. For those using position trading in forex, this setup may offer compelling long-term opportunities. We wait for more clues on how the day will go, depending on what the markets will show us today.
SILVER
There will be no apparent change in our readings for SILVER. We still view it as bullish and remaining under minimum levels until we see a clear shift in GOLD prices. For now, we retain looking for more bullish opportunities. SILVER remains a viable asset for Forex swing trading strategies, especially when tracking it alongside GOLD movements.
DXY (US Dollar Index)
The dollar drops significantly over concerns about the FED’s independence. If the FED’s independence is removed, there will be one less obstacle to control the economy away from the administration under Trump. While this will serve to further the unity of his administration to lead the U.S., it does not necessarily mean that it will progress in a manner that is for the betterment of the country. It will remove a leader that will have a second opinion and decision away from their team that has a different cause.
Over the weekend, Chicago Fed President Austan Goolsbee warned that tariffs could cause US economic activity to “fall off” by summer. While Washington has begun trade talks with several key partners—most notably Japan—there remains no sign of a breakthrough or direct negotiations with China. We can see the MACD and the RSI picking up on the overall weakness of price, paired with the clean break under the support structure.
Other analysts also stated, “There were some concerning signs last week that the Trump administration is looking for ways to fire Fed Chair Powell,” MUFG Bank’s Michael Wan said in a research report. Jerome Powell made hawkish comments last week when he “focused more on making sure second-round effects from one-off price increases from tariffs do not result in persistently higher inflation expectations,” the senior currency analyst said. “While we think it is unlikely the Trump administration will be able to remove the Fed chair outright given the lack of legal authority, any moves on this front will likely create an outsized market move, including in FX, and is something to watch closely for,” Wan said.
This aligns with growing volatility in cross-currency pairs, especially in the DXY-related baskets, making it essential to monitor 글로벌퓨쳐 risk sentiment shifts.
GBPUSD
The week started strongly for the Pound, rising beyond the previous consolidation area. We can see prices reaching for highs and breaking structures with ease. The MACD and the RSI appear very positively for the bullish movement continuation. We expect more buying in the coming days. Cross rates analysis suggests the Pound remains sensitive to political and rate expectations.
AUDUSD
The Aussie dollar starts strong but not enough to break through structure. While the momentum and strength are being shown with prices, there is still a resistance structure that needs to be cleared. The RSI is also suggesting a potential for a pullback before continuation, and the MACD is still showing consolidation. Traders utilizing position trading in forex might hold off until a clear breakout confirms directionality.
NZDUSD
The Kiwi is finding increased strength but is still not yet cleared of 0.59796. The RSI is also suggesting a pullback from this high, increasing the chances for a return before a continuation higher. Although the MACD does suggest bullish continuation while finding increased volume, we continue to look for more opportunities to buy. Pairing this with Forex swing trading strategies offers potential mid-term setups.
EURUSD
The Euro prices have surged significantly as traders and analysts run for an alternative. We can see the Euro gain massive wins against the dollar as the dollar weakens. The MACD and the RSI continue to find increased volume and momentum for the buying in the market. We expect more bullish opportunities. A strong setup for those analyzing cross rates between Euro and Yen or Swiss Franc.
USDJPY
The Yen gains massive strength during the start of Monday, showing the MACD and the RSI have increased volume and momentum bearish. We expect further selling in the coming days and look for more bearish opportunities. The Yen will continue to be a more stable alternative to the dollar, especially when volatility in cross-currency pairs is heightened due to geopolitical pressures.
USDCHF
The Franc continues to act as a more stable alternative to the dollar, with prices crashing under the bottom boundary of the consolidation. The MACD finds increased selling volume, while the RSI is seeing normalization of the selling momentum. We anticipate more selling opportunities. This could also present short-term setups for Forex swing trading strategies.
USDCAD
The CAD shows increased selling strength, with price action crashing under the support level and breaking out of the consolidation zone. The RSI is showing normalization of the selling momentum, while the MACD is just about to find increased selling volume. We look for more selling opportunities as the overall price action suggests continuation. A great watchlist candidate for traders practicing position trading in forex.
COT Reports Analysis
- AUD – WEAK (3/5)
- GBP – WEAK (3/5)
- CAD – WEAK (2/5)
- EUR – STRONG (5/5)
- JPY – STRONG (5/5)
- CHF – WEAK (4/5)
- USD – STRONG (5/5)
- NZD – WEAK (4/5)
- GOLD – STRONG (5/5)
- SILVER – STRONG (4/5)
COT readings confirm overall market sentiment and reinforce the effectiveness of integrating cross rates analysis into your forex strategy. As the global environment shifts, especially with rising volatility in cross-currency pairs, traders leveraging 글로벌퓨쳐 signals are likely to find better clarity in execution.