This week isn’t normal.
You’ve got thin liquidity from US and UK holidays.
Surprise speeches. A major rate decision. And Friday’s inflation print? That could reshape the Fed’s tone.
But volatility creates precision plays, if you know what to focus on.
Nikkhil stripped away the distractions, aligned the fundamentals with clean technical structure, and outlined key inflection zones across five core markets.
Let’s break it down…
USD Index (DXY)
The dollar looks weak across the board, but don’t write it off just yet. On the monthly and weekly timeframes, the DXY remains firmly bearish, with price rejecting a key fib resistance and breaking its long-held rising trendline. The broader path of least resistance remains to the downside, with magnets drawing price toward 97.25 and 95.84. However, when we zoom in, the 4H chart paints a different short-term picture: there’s bullish divergence forming, and we could see a corrective bounce up to the 99.90 - 100.20 zone. That rally, however, would likely be a selling opportunity, not a trend reversal.
AUDCHF
This pair has literally been melting for decades. The monthly shows a long-term bearish slope, broken only by small corrective waves. Right now, we’re possibly near the tail end of a 5-leg bearish structure, and short-term charts (like the 4H) are showing signs of life. There’s bullish divergence, a breakout structure, and a rally unfolding that could reach as high as 0.5472–0.5563. That said, the resistance band up there is thick, and likely to reject price again. Until the higher timeframes complete their bullish divergence, this move should be treated as a counter-trend bounce, one that gives us better entries to short from strength.
Crude Oil (WTI)
Oil is staging a quiet comeback. The 61.8% fib support on the monthly chart held perfectly, and both daily and 4H charts are now showing confirmed bullish divergence. The falling trendline has been breached, and buyers have begun reclaiming territory. Key resistance sits at $67.30 to $68.15, and with price currently hovering near $61.50, the risk-reward for longs remains attractive. As long as we hold above $58 (conservative support), we’re expecting a move higher, possibly in two legs, before any larger reversal attempt.
GBPUSD
Pound strength is alive and well. On the monthly, we’ve broken above the long-term falling trendline and completed a bullish divergence that’s now driving price into higher territory. Weekly and daily structures remain strong, with bullish MACD momentum and clean ABC extensions aiming for 1.3656 and potentially 1.3760. Even on the lower timeframes, GBPUSD is showing no sign of slowing, with higher highs and higher lows printing across 4H and 1H. Any pullbacks toward 1.3434 or 1.3367 should be watched closely, those are your re-entry zones to ride the next leg up.
Gold (XAUUSD)
Gold remains the heavyweight. On monthly and weekly charts, it’s ultra-bullish, with the next long-term target sitting at $3,488. But zoom in, and things get interesting. On the 4H and 1H timeframes, we’re seeing signs of short-term exhaustion: bearish divergence is forming, and price is now inside a fib resistance zone between $3,366–$3,386. If this level holds, we could see a pullback toward $3,243 or even $3,200, both of which would offer powerful re-entry levels for long-term bulls. If the resistance breaks early, expect an accelerated run toward $3,480+.
This week isn’t about trading more. It’s about knowing where not to trade, and where the real plays are hiding.
Nikkhil has already marked every key level, all you need to do is follow along.
Wishing you a profitable week ahead,
Click Here to Watch the Full Week Forex Forecast
Well talk soon,
Team Moneytize