Welcome to this week’s Forex Forecast. After a quiet spell, the markets have reignited. The US Dollar Index surged over 1%, marking one of its strongest weeks in 2025. But is this a lasting reversal or just a technical bounce? Nikkhil breaks it all down in this week’s deep-dive, unpacking key setups across DXY, Bitcoin, Gold, and EURUSD so you can approach the week ahead with confidence.
Dollar Index (DXY)
Starting with the Dollar Index (DXY), we saw price snap off a significant low around 95.90, hitting the 100% fib extension before bouncing. While the weekly structure suggests a correction is underway, both MACD lines and histogram show no bullish divergence, indicating that this upward move may be short-lived. Nikkhil expects resistance to build near 99.84 and 101.13, where key fib retracement and extension levels align. If the index stays above 97.56, the bounce may extend. But beneath that, momentum could flip fast.
Bitcoin (BTCUSD)
Over in Bitcoin, the long-term uptrend remains intact, but there are early signs of exhaustion. Despite hitting the 1.618 fib extension around 121,637, the breakout wasn’t sustained. Price action is now hovering above the 110,000 support, with short-term divergence on the histogram hinting at either sideways consolidation or a deeper pullback. A break below 110K opens the door to 100K and possibly 83,976, a fib magnet zone Nikkhil marks as a potential buy zone for continuation higher.
EURUSD
EURUSD has started to buckle under pressure after reaching its 100% fib extension and failing to break higher. The daily chart now shows strong bearish divergence, and the rising trendline has been compromised. Nikkhil sees this as a corrective move, with fib retracements pointing to 1.1550 and 1.1430 as likely targets. Short-term bounces may find resistance at 1.1690 and 1.1716, opportunities to sell the rallies until the broader structure reasserts.
Gold (XAUUSD)
Lastly, Gold continues to shine. After breaking above the long-term resistance at 3,757, momentum remains firmly bullish. Nikkhil projects a move toward 4,100 in the short-term, with magnet zones at 4,042 and 4,079 acting as interim resistance. Any dip towards 3,930 or as deep as 3,854 is seen as a buying opportunity, provided the structure remains intact. Long-term targets are building above 4,200, with 4,400 as the fib-projected ceiling.
One move can change the week…
So make sure you’re on the right side of it.
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Team Moneytize