Market Analysis
GOLD
GOLD prices are currently gaining bullish momentum after bouncing off the EMA200. This swing low triggered oversold levels on the RSI, while the MACD is also turning upward, signaling growing bullish volume. The market is expected to continue trending upward in the coming days, though we remain cautious and will monitor how price action unfolds. Economic indicators continue to favor bullish gold trends, and traders are watching for potential breakout entries as momentum builds.
SILVER
SILVER has broken higher and is showing increased potential for a bullish continuation, as anticipated. Both the MACD and RSI are rising, supporting further upside. We continue to watch for buying opportunities as momentum builds. As with gold, economic indicators remain favorable for silver, and traders should stay alert for ideal trade timing to enter positions.
DXY
The Dollar is currently testing the EMA200, following a day of consolidation. Although there was a significant push above the EMA200, the move wasn’t convincing enough to confirm a bullish shift. The RSI is nearing oversold territory, which may offer temporary support, but our outlook remains bearish for now. Any further gains in the dollar are likely to depend on fundamental developments, especially ongoing concerns about the U.S.–China trade war. While recent news has helped ease fears, we await clear progress before committing to a bullish stance. Major currency pairs are expected to show volatility based on trade timing and news flow.
GBPUSD
The Pound has bounced off the EMA200, but both the MACD and RSI indicate rising selling pressure. This suggests a likely continuation of consolidation. If prices break below the EMA200, the momentum would shift decisively bearish, prompting a change in bias. For now, we expect some buying to resume post-bounce, but acknowledge the potential for prices to stagnate and remain range-bound. As we monitor major currency pairs, the economic indicators will be key in guiding trade timing.
AUDUSD
The Aussie Dollar has entered consolidation, with the MACD showing limited volume. The RSI is signaling oversold levels and a potential rebound off the EMA200, pointing to weakening bearish momentum. We expect further buying in the near term as price regains strength. Trade timing and careful monitoring of the MACD and RSI will help determine when to enter a position in this pair.
NZDUSD
The Kiwi is also consolidating, which is consistent with signals from both the MACD and RSI. Despite the pause, price structure remains bullish, and we retain our previous positive outlook on the NZD. Breakout entries could be a good strategy if price breaks above the consolidation range, confirming the continuation of the bullish trend.
EURUSD
The Euro is currently testing the EMA200 and the lower boundary of its consolidation zone. A further drop from current levels would likely shift our outlook back to bearish. The MACD is showing increased selling volume, and the RSI confirms growing bearish pressure. While we remain cautiously bullish, we await a clear directional break before reaffirming this stance. Major currency pairs like EURUSD will be key indicators in determining trade timing.
USDJPY
The Yen surpassed the EMA200 but failed to break above 143.442, which remains a key resistance level. Both the MACD and RSI show increased bullish momentum, suggesting potential for further upside. However, until price decisively breaks this structure, we hold off on declaring a confirmed trend reversal. Breakout entries above key resistance could signal the next phase of bullish momentum.
USDCHF
The Franc is currently gaining strength, with both the MACD and RSI showing rising volume and momentum. While recent easing in global tensions has temporarily weakened safe-haven demand, the overall price action has shifted bullish. Prices are now testing the upper boundary of the range. We look for buying opportunities as upward momentum builds. Trade timing will be crucial to entering positions at the optimal moment.
USDCAD
The CAD is currently testing the EMA200, and we’re seeing signs of continued consolidation in both the MACD and RSI. As there is no clear directional bias yet, we maintain our previous outlook and wait for a more decisive breakout before adjusting our positioning. Breakout entries could offer an advantageous entry point once the market establishes a clear direction.
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)
Final Thoughts
As market conditions continue to evolve, staying informed on economic indicators and the performance of major currency pairs is key for successful trading. With the ongoing strength of gold and silver, along with fluctuations in the U.S. Dollar, trade timing will be crucial in identifying the right entry points. While consolidation is evident across several pairs, the potential for breakout entries remains high, particularly in pairs like EURUSD and USDJPY. By closely monitoring price action and adjusting strategies according to economic indicators, traders can position themselves effectively in this dynamic market environment.
