Welcome to this week’s Forex Weekly Forecast for 20th to 24th October 2025. Wishing you and your loved ones a joyful and prosperous Diwali! As the festive spirit lights up the week, the markets are also heating up, with key macro events on the horizon and fresh technical setups taking shape across major instruments. In this edition, Nikkhil breaks down the latest moves in the U.S. Dollar Index (DXY), EUR/USD, XAG/USD (Silver), XAU/USD (Gold), and Crude Oil, helping you see what’s unfolding and prepare with clarity and confidence.
DXY (U.S. Dollar Index)
This week, the dollar index is at a crossroads. On the weekly chart, Nikkhil has identified a bearish extension pattern: the high → first low → pull‑back lower high yields a target zone around 94.51. Meanwhile the current bounce sits beneath a resistance band in the 100.44 to 101.75 region. On the daily frame the same extension methodology points to a target zone spanning 94.51 to 94.15. On the shorter hourly chart the bias flips: from the last rally leg there’s support near 97.80 and resistance around 99.15, with a magnet zone stretching toward 101.08. The message: in the short run the dollar looks poised for a bounce (“buy the dips”), but the broader medium‑term trend still carries a bearish flavour unless key resistances yield.
Crude Oil
For crude, Nikkhil sees a clear bearish alignment across monthly, weekly and daily time‑frames. Starting from the weekly chart the extension cycle targets 53.76 as the next major support and sets resistance around 62.74 (later refined to 61.00 - 61.53 on the daily). On the daily frame we’re watching support at 55.98, after which the drop toward 53.76 (and possibly 52.02) becomes the main runway. On the shorter 4‑hour frame there are signs of bullish divergence forming, a classic “temporary bounce then continue lower” pattern. His plan: sell on any decent rise toward the 58 - 61 zone (preferably closer to 61) and use any bounce as an opportunity to enter the continuation move lower.
EURUSD
With the dollar scheduled to react and EUR/USD in the mix, Nikkhil’s bias is short‑term bearish. On the weekly frame a bullish extension took price to 1.1916 where it was rejected, now trading between the 14.6% and 23.6% retracement levels (1.1662 resistance, 1.1560 support). On the daily frame, a rising trend‑line has already been broken and bearish divergence appears to be intact and sellers are in control. On the hourly chart the extension indicates initial targets near 1.1610, then 1.1581, before the magnet zone between 1.1506 - 1.1491 comes into view. The key trigger: stay below approximately 1.1750 for the bearish plan to stay valid.
XAG/USD (Silver)
Silver remains in a broader bullish structural trend (weekly frame shows higher highs on price, MACD histogram and lines) but is currently showing early signs of exhaustion on lower frames. On the weekly chart the extension sets resistance around 54.18 - 56.35 and support at 45.00 - 47.17. On the daily frame price was rejected near 54.32, still favouring bullish continuation, but on the 4‑hour chart a clear bearish divergence has formed, and on the 1‑hour and 15‑minute charts Nikkhil is watching for a pullback toward 52.55 - 53.92 to offer a selling opportunity. First targets: 51.53 then 51.18, with a potential deeper move toward 47.42 if the breakout structure fails. In short: for now either range‑bound or short‑term bearish, but the longer term remains bullish until proven otherwise.
XAU/USD (Gold)
Gold is standing out. After recent all‑time highs (to 4,380) and the sharp fall‑off on Friday, the question is raised: is that a pullback or the beginning of a trend reversal? Nikkhil remains bullish. On the weekly chart the extension from the low of 2,022 to the major 3,489 high sets a target near 4,288, which was reached and price rejected, but structure remains healthy (higher highs on price, MACD histogram and lines). On the daily chart support sits at 4,208, next at 4,080, and resistance near 4,288 ‑ 4,317. On the 4‑hour chart no bearish divergence yet, but the hourly frame shows if price breaks above 4,288 ‑ 4,317, it could continue higher. For now: expect a healthy correction/bounce toward 4,278 ‑ 4,317, then either continuation up or rejection and move down to 4,163, then maybe 4,112 or even 4,080 in a deeper pullback.
This week is all about staying ready and confident.
With key levels active across the dollar, crude oil, silver, and gold, the stage is set.
Once momentum kicks in, the moves could come quickly.
Stay sharp, trust your plan, and let the setups come to you.
Nikkhil has laid it all out with precision, showing exactly how he’s preparing to act in every scenario.
Click here to watch the full Moneytize Forecast
We’ll talk soon
Team Moneytize