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Welcome to a brand-new trading week. We’re heading into mid-June, and the markets are loaded with energy. It starts quietly, with holidays in Australia and Switzerland on Monday.
But from Tuesday onward, the real action begins.
Are you prepared to capitalize?
Let’s break down the five markets that matter and exactly what to look for.
USD Index (DXY)
The dollar remains under pressure on the higher timeframes. The monthly chart confirms bearish structure, with MACD momentum fading and price targeting a magnet zone between 96.30 to 96.68. While the weekly shows rangebound behavior since mid-April, the daily confirms sellers are in control, failing to break above 101.16 - 101.62. However, the 4H chart tells a short-term story: bullish divergence has triggered a breakout structure, and price is now holding above a fib support zone at 98.67. That opens the door for a short-term push to 100.21, especially ahead of the CPI release, before momentum resumes to the downside.
Crude Oil (CL)
Oil is heating up. The monthly chart shows price bouncing cleanly off the golden fib level at 61.8%, with a bullish divergence building up (though not confirmed yet). Daily and 4H charts give stronger conviction: bullish divergence is complete, the breakup structure is done, and oil has reclaimed $62.10 as support. The next magnet targets sit at $66.11 - 66.90, followed by $68.58 - 69.58. Short-term, we’re close to resistance, so the smart play is waiting for a dip toward $62.10 or even $60 to re-enter. Above $60, this setup remains valid.
EURUSD
Euro-dollar is bullish on higher timeframes, but don't chase it on a Monday. The monthly and weekly charts are both clean: bullish structure, MACD confirmation, and price sitting above key trendline resistance. But the daily shows a slowdown. After a strong run, price is now rejected from the fib resistance zone at 1.1378 - 1.1420. Short-term dips are likely, and welcome. Any pullback into 1.1300, 1.1244, or even 1.1170 should be seen as a chance to re-enter long, with a swing target near 1.1690–1.1700.
GBPJPY
Pound-yen is locked and loaded. The monthly chart shows a long-term bullish recovery, and the weekly confirms momentum with a clean bullish divergence and breakout structure completed. Price is currently pressing up against the 61.8% fib resistance near 197.80, with psychological resistance looming at 200. The daily chart shows a strong trend, but also suggests waiting for a cleaner entry. We’re watching for a pullback into 193.85 - 194.00, where we’ll look to buy with a stop below 192.28 and target 198 - 200. If we get stopped out, the plan is simple: re-enter. Momentum is building.
XAUUSD (Gold)
Gold is split between two truths. Long-term, it’s incredibly bullish, with no bearish divergence on the monthly and an open path toward $3,450+. But on the daily and 4H, the story is different. Price has stalled under $3,377 - 3,394, forming a clean bearish divergence and breaking key structure at $3,344 - 3,345. We’re expecting short-term pressure to continue toward $3,235 - 3,212, which aligns with strong fib support. That zone is our buy zone. Until then, short-term traders can take advantage of pullbacks toward $3,333 - 3,339 for a move down into that support area. Once price hits that zone, we flip bullish again, with upside targets of $3,382 and $3,460.
This week is a battlefield of fundamentals and fib levels.
Nikkhil’s done the analysis, he’s marked the zones.
Now all you have to do is trade with clarity and with discipline.
Wishing you a profitable week ahead,
Click Here to Watch the Full Week Forex Forecast
Well talk soon,
Team Moneytize