Welcome to this week’s Forex Forecast. We’re heading into a potentially high‑volatility week with several key setups lined up across forex, commodities and crypto. From the DXY (U.S. Dollar Index), to gold, silver, EURUSD and even crypto assets. Let’s dive in so you’re prepared, clear‑headed and ready to act.
DXY (U.S. Dollar Index)
The dollar story is setting up for potentially another leg lower after a corrective bounce. On the monthly frame, the DXY appears to have broken a long‑term rising trend and set a lower‑low sequence. Recent values around 99 confirm the bounce is likely temporary. On the weekly frame, the index is around the 99.70 retracement zone (23.6% of the last down wave) acting as local resistance. If it fails to clear 101.22‑101.58 then continuation down is likely. On the daily and 4‑hour charts we see buyer exhaustion (bearish divergence) and a structure break that supports the idea of a bounce then resumption lower. This week Nikkhil expects a push higher toward 99.82‑99.90. If the DXY holds above 99.06 and fails near 99.90, then look for it to resume its decline. A clean break above 101.22 would invalidate this bearish bias.
Gold (XAU/USD)
Gold remains in a major range, but the long‑term bullish structure is still intact. On the monthly frame no divergence, new highs, higher lows. On the weekly, major support sits near $3,877 and $4,022 (38.2% & 23.6% retracements). Recent analysis notes the rally above $4,200 lacked strong volume - a red flag. So, for this week: unless gold convincingly closes above $4,294 (or in round terms $4,300) Nikkhil’s expecting limited upside. On the short term, look for a potential pullback toward $3,973‑$4,000 as a dip‑buy opportunity. If buyers take over and clear $4,300, the path opens for the next leg higher.
Silver (XAG/USD)
Silver’s monthly and weekly frames look aligned with a bullish bias, higher lows and higher highs, no clear divergence yet. On the weekly frame support is located 46.46 and the structure remains valid. On the daily and 4‑hour frames we’re seeing a decline that looks like a buying opportunity in the context of the long‑term up‑trend. Short‑term resistance is around $51.80 to $52.37. On a drop toward $48‑49 Nikkhil would favour accumulation for a move toward $55 and eventually $60.75‑$61 in the longer term. A break below $47.75 would invalidate the near‑term bullish plan.
EUR/USD
With the dollar showing signs of exhaustion, the EURUSD is poised to benefit. On the weekly chart a bullish divergence + break of structure supports a higher move. On the 4‑hour frame we’re seeing higher lows/higher highs with some short‑term pullback risk. Key support is in the $1.1498‑$1.1510 zone (78.6‑85.4% retracement). Unless we close below $1.1500 Nikkhil will be buying on dips. Target zone 1.1717 for the next leg and possibly toward $1.1760. If the price closes below $1.1500, then Nikkhil will reassess for deeper retracement.
Ethereum (ETH/USD)
Switching to crypto: the market mood remains fragile, but crypto often leads when fear/greed flips. For Ethereum the monthly and weekly charts show that while the longer‑term bullish structure remains, the corrective wave is still in progress. On the weekly frame there’s no bearish divergence yet, which keeps the longer‑term bullish view alive. On the daily and 4‑hour frames sellers are in control but appear tired. A bullish divergence forming near the magnet support zone ($2,034‑$2,254) would favour a bounce. Key breakout for confirmation is a 4‑hour close above $3,628. If that happens we could shift to a bullish plan; if not, the move down toward $2,741‑$2,750 remains on the table.
You may see setups unfold across these instruments this week.
Keep your execution disciplined: wait for structure to break, follow the trend, and manage risk prudently.
These aren’t bets, they’re setups with defined zones and criteria.
Let’s stay sharp, patient and ready to act when the market confirms.
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We’ll talk soon
Team Moneytize