Welcome to what could be the most critical trading week of the month.
Four central banks are set to make rate decisions:
And markets are already moving with force.
Gold just broke out and Nikkhil’s targeting a level just shy of $3,500.
Crude Oil surged 7% last week on geopolitical tensions.
DXY is sliding, and most traders are missing what’s next.
This is not the week to trade on emotion.
This is your battle plan, so let’s dive in and outline what matters.
USD Index (DXY)
The dollar continues to slide. On the monthly chart, price has been blocked consistently in the 78 - 85% fib retracement zone, and now it’s collapsing toward a major magnet level at 96.32 - 96.60. Weekly momentum is bearish. Daily shows continued pressure, with bearish extension patterns aligning around the same downside zone. On the 4H and 1H, we may get a small pullback toward 99.00, but it’s likely a setup for continuation lower. Expect a potential fake breakdown under 96.30, then watch for a reversal if divergence forms, but for now, the bias is clear.
CHFJPY
This pair is on a mission. Monthly structure is ultra-bullish, with a clean sequence of higher highs and higher lows. The next magnet resistance sits at 182.38, with interim targets at 179.09. Weekly charts confirm strength, with no bearish divergence in sight and MACD momentum accelerating. The daily also remains bullish, though a pullback to 175.18 - 175.42 would offer an ideal entry. 4H confirms the trend, with fresh highs building. Only the 1H shows mild buyer exhaustion, so smart traders will wait for a dip before re-entering long.
Crude Oil (CL)
Oil is roaring. The monthly and weekly charts show a clean breakout from a bullish divergence base, with price bouncing off 61.8% support. Daily structure confirms a completed breakup pattern, and now the next magnet target sits at $78, with short-term zones at $74 - $75. 4H and 1H charts are both in a bullish rhythm, forming higher highs and higher lows. Pullbacks into $67 would offer an excellent long setup. After last week’s 7% rally, expect some chop, but dips are buyable unless major support breaks.
USDCAD
USDCAD is quietly breaking down. On the monthly, price was rejected from a multi-year fib resistance zone at 78 - 85%, forming a clean bearish divergence. Weekly and daily charts show a consistent push lower, with MACD momentum building. Price is now targeting 1.3550 - 1.3490, with potential overshoot toward 1.3400. The 4H confirms this momentum, and unless price breaks decisively above 1.3670, the strategy remains: sell the rallies. A short-term bounce is possible, but it’s likely to be absorbed by sellers.
XAUUSD (Gold)
Gold just triggered its nuclear move. Monthly and weekly charts are perfectly aligned, no divergence, full momentum, and clean trend continuation. On the daily, price bounced strongly off the support zone at $3,103 - $3,130 and is now tracking toward the next key target at $3,469, with potential extension to $3,500. 4H confirms the breakout, and even short-term corrections are finding support above $3,374. Any dip into $3,400–$3,375 should be treated as a gift. We’ll be accumulating buys within that range, with tight stops below $3,374 and exits staged between $3,465–$3,500.
Let’s make this week one to remember.
Click Here to Watch the Full Week Forex Forecast
Well talk soon,
Team Moneytize