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Last week, markets were shaken again…
Not by data, but by headlines.
President Trump first reignited tariff tensions with China…
Then quickly promised to soften the blow.
That’s why risk sentiment did a complete one-eighty.
And now, institutional traders are staying cautious and playing both sides of the field, risk-on one moment, risk-off the next.
But always remember: confused headlines DON’T need to confuse your trading.
In this week’s forecast, Nikkhil will show you where the magnets lie, where structure is taking shape.
So keep reading to see the plan.
Then choose the setups with the best odds… and your clearest edge.
DOLLAR INDEX (DXY)
On the monthly chart, DXY remains locked within a broader bearish structure. After rejecting the 78.6 - 85.4% retracement zone, it breached its rising trendline, confirming a long-term downward bias.
The daily chart shows a corrective push upwards, following a confirmed bullish divergence on the 4H timeframe. However, this momentum is not backed by MACD crossing above zero, indicating the move is corrective, not trend-defining.
Short-term resistance lies at 102.94 - 103.37. Until we break above this zone with conviction, the bias remains bearish.
EURGBP
Long-term monthly structure remains bullish. After forming a double bullish divergence and breaching its falling trendline, EURGBP is setting up for a new leg higher.
On the weekly, price is retracing to the golden zone between 78.6 - 85.4%, a typical bounce area in strong trends. Once bullish divergence completes on the 4H, Nikkhil’s watching for a re-entry long.
Buyers just need one more confirmation.
EURUSD
Monthly structure is textbook bullish. A deep pullback into the 78 - 85 fib zone, with bullish divergence, confirmed the bottom. The trendline break and ABC extension mark 1.2170 as the long-term magnet.
In the short term, however, the pair is in a corrective pullback. On the 4H, we're watching for bullish divergence to complete near the 1.0911 - 1.1041 support zone.
This is a buy-the-dip setup in waiting and precision matters here.
NASDAQ
The index is breaking out. Monthly and weekly momentum is strong, with MACD confirming continuation. Price has reached the 85.4% fib resistance, but there’s no bearish divergence in sight.
On the 4H, we’ve broken the 1.0 extension, and the next magnet lies at 21,961 - 22,000. A short-term pullback is possible, but it’s a buy opportunity.
XAUUSD (GOLD)
Monthly, weekly, and daily charts remain fully aligned in bullish structure. After tapping 3501, gold pulled back, but without any bearish divergence.
The current range lies between 3119 and 3253. As long as we remain above 3045 - 3076, the buy-the-dip plan remains intact.
A daily trendline and fib confluence support that view. MACD momentum is still rising.
Where the Edge Lies This Week:
Nikkhil has given you the structure. Now all you need to do is stick to it.
Wishing you a profitable week ahead,
Click Here to Watch the Full Week Forex Forecast
Well talk soon,
Team Moneytize