Forex Weekly Forecast with Technical Analysis on Jun 10 '24

This past week was quite a show with the US NFP numbers far surpassing expectations, signalling a bullish outlook for the dollar. 

As we prepare for an interesting week with the US interest rate announcement on June 12th, let's look into the promising setups across our key instruments.


With the stronger dollar and commodities under pressure, the AUD/USD pair shows a bearish trend on the horizon. Nikkhil’s analysis on multiple time frames suggests a potential retest of the lower boundaries of the current triangle formation.

AUD/USD Technical Analysis on Jun 10 '24


The GBP looks much stronger against the pressured Pacific currencies. Expectations are bullish, with potential targets set at 2.09, 2.11, and 2.12 on the Fibonacci scale as Nikkhil expects a bounce from major support levels.

GBP/NZD Technical Analysis on Jun 10 '24


As the dollar gains strength, the USD/CAD pair is leaning towards a bullish bias. Eyeing the top of the current range, Nikkhil's first target sits at 1.3889, with further movements likely towards the 1.618 Fibonacci extension.

USD/CAD Technical Analysis on Jun 10 '24

XAU/USD (Gold)

Gold faces a bearish view in the short term due to the stronger dollar. A correction towards the 2200 level seems probable before any bullish momentum resumes, aligning with Nikkhil’s long-term bullish perspective.

XAU/USD Technical Analysis on Jun 10 '24


Stacks displays a bullish setup with no signs of bearish divergence on higher time frames. Nikkhil anticipated movement towards the 2.93 level following a short-term correction.

STX/USDT Technical Analysis on Jun 10 '24


This week is packed with critical data and potential market movers, so stay tuned to capitalise on these movements.

Use this week’s forecast to stay ahead and make informed decisions in your trading.

Click Here To Watch The Full Week Forex Forecast

Here's to a profitable week ahead!