Market Analysis

GOLD

GOLD has remained in consolidation, with both the RSI and MACD reflecting a neutral bias. We refrain from calling for a specific market change but continue to look for buying opportunities. Economic indicators show that the bullish trend remains intact, and trade timing will be crucial for capitalizing on any breakout above the consolidation zone. As prices stay within range, we anticipate further upside once momentum shifts.

SILVER

SILVER prices are showing increased bullish movement as they are supported by the EMA200. The MACD is showing rising bullish momentum, and the RSI is consolidating. We expect more buying as momentum builds. While economic indicators favor silver’s upside, we will wait for clearer confirmation of continued strength. Breakout entries above key resistance levels will offer optimal entry points.

DXY

The Dollar has fallen ahead of U.S. data, with traders uncertain about the upcoming reports. This week’s data release will shape expectations for the coming months. Economic indicators such as GDP and employment data will influence the USD. The MACD and RSI both suggest a continuation of the bearish trend, as the Dollar struggles to break through the EMA200. Trade timing is critical as we await further developments in the U.S. economic data.

GBPUSD

The Pound has shown increased bullish movement, as expected, with both the MACD and RSI reflecting bullish momentum. We expect continued buying in the coming days unless U.S. economic data exceeds expectations. Major currency pairs like GBPUSD are showing clear bullish momentum, and trade timing will be important to capitalize on further upside potential.

AUDUSD

The Aussie Dollar continues to favor bullish momentum, but we remain cautious until we see a clearer break in price structure. Economic indicators related to U.S.-China trade relations and upcoming CPI data will help shape the next move. Breakout entries may offer opportunities once the market confirms its direction.

NZDUSD

The Kiwi is currently consolidating, squeezed between the EMA200 and a support level at 0.59796. We are waiting for a clear break of structure before making a decision. With economic indicators from China affecting NZD sentiment, trade timing will be crucial for entering at the right point when the market shifts.

EURUSD

The Euro is showing increased bullish momentum, supported by the EMA200. Both the MACD and RSI reflect this growth, but we remain cautious, as further buying may depend on how U.S. data influences the Dollar. Major currency pairs like EURUSD are experiencing bullish movement, but we await a clear directional break before committing fully. Trade timing and market sentiment will guide further decisions.

USDJPY

The Yen retracted from its highs, lacking volume to continue buying. The MACD and RSI both show increased bearish momentum, signaling further selling in the coming days. Economic indicators from Japan will play a key role, and we expect prices to trend lower unless a breakout is seen. Breakout entries below key levels will provide entry opportunities.

USDCHF

The Franc has shown increased selling momentum, though it has yet to shift fully back to a bearish trend. The MACD and RSI reflect this lack of continuation. While we anticipate more selling, economic indicators related to the U.S. Dollar and global market sentiment may impact this pair’s next move. Trade timing will be critical as market dynamics unfold.

USDCAD

The CAD has failed to break above the EMA200, maintaining a bearish stance. The MACD and RSI show growth in bearish momentum. We expect further selling, but caution is advised as economic indicators from Canada, including GDP data, may influence the market. Breakout entries could signal opportunities to capitalize on the continuation of the bearish trend.

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)

Final Thoughts

As the forex market continues to evolve, staying informed on economic indicators and understanding the performance of major currency pairs is essential. While gold and silver are maintaining bullish momentum, caution is necessary, especially with the mixed signals coming from some currency pairs. Trade timing will be critical, and identifying ideal breakout entries will help traders capitalize on the next major market moves. With key data releases on the horizon, it’s important to stay alert to how these developments might influence the market and adjust strategies accordingly.