Weekly trade analysis: Gold, US Dollar Index, EUR/USD, GBP/USD, AUD/USD, and USD/JPY [Video]

Denis Joeli Fatiaki Independent Analyst

Projected price movements for the coming week: Gold, USD Index, EUR/USD, GBP/USD, AUD/USD, and USD/JPY

This week's trade analysis examines the recent performance of key currency pairs and precious metals. We delve into the movements of Gold (XAU/USD), the US Dollar Index (USDX), EUR/USD, GBP/USD, AUD/USD, and USD/JPY.

Our comprehensive supply and demand analysis delves into potential future price movement projections. Join us as we dissect the market trends and forecast trading opportunities to help you make informed decisions.

Projected price movements and analysis for major currency pairs and Gold

This week's comprehensive trade analysis delves into the intricate dynamics of Gold, the US Dollar Index, and key currency pairs—Euro/USD, GBP/USD, AUD/USD, and USD/JPY. By employing our proprietary supply and demand system, we unravel recent performance trends and anticipate potential price movements that could shape your trading decisions.

Gold and US Dollar Index insights: Examining Gold's struggle to maintain the 1930-1938 demand zone and the US Dollar Index's influence, we analyze the impact of the US dollar's rebound on Gold prices. With consecutive weekly declines, Gold has reached a crucial juncture at the 1935-19214 critical demand zone. Simultaneously, the US dollar's battle at the 101.120 support line hints at a push towards the 102.763 resistance line, which could perpetuate Gold price trends.

EUR/USD under the microscope: A detailed examination of Euro/USD dynamics reveals a setback at the 1.1248 resistance line, reflecting the USD's strength. As the dollar's performance at the 102.763 weekly chart resistance line takes centre stage, potential Euro/USD movements are closely linked. Should the dollar breach this level, expect further Euro/USD decline; failure could trigger a retest of the 1.1053-1.1110 supply zone.

Navigating GBP/USD fluctuations: GBP/USD's intricate dance with the resurgent US dollar unfolds as pound reversals collide with dollar upswings. A deep dive into last week's trades uncovers the pound's struggle at the 1.2807-1.2769 supply zone and its retreat towards the 1.2668-1.2630 demand zone. With the dollar around 102.763 in the weekly chart resistance line dictating both currencies' fate, potential short positions arise if the pair falters. Conversely, sustained USD weakness could lead to a retest of the 1.2807-1.2769 supply zone.

AUD/USD performance insights: The Australian dollar's parallel journey against the dollar echoes the broader narrative. After consecutive weeks of decline, AUD/USD closed under the 0.65210 support line, inviting scrutiny of the 0.65844-0.64990 demand zone. Depending on the dollar's outcome at the 102.763 resistance line, AUD/USD's trajectory hangs in the balance—success might propel the pair towards 0.6379 and 0.6272, while a rebound could occur within the demand zone.

USD/JPY rising wedge price patterns: USD/JPY's return to significant resistance levels showcases its resilience since the July selloff; Notably, a possible retest of the 145 supply zone beckons, with a rising wedge price formation suggesting potential pullback if it fails at the 145 resistance line. Vital price points such as 146.330 and 145.848 (to the upside) and 144.586 and 144.150 (to the downside) underscore potential movements.

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

EUR/USD keeps the bid bias just over 1.1800

EUR/USD has started the week on a positive foot, hovering around the 1.1800 region in the latter part of Monday’s session. The pair’s recovery comes on the back of a decent decline in the US Dollar, as investors keep their attention on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.

GBP/USD looks stuck around 1.3500 amid firm gains

GBP/USD is pushing further north on Monday, revisiting the 1.3500 hurdle and beyond. Cable’s uptick is largely being fuelled by the broader softness in the Greenback, amid lingering uncertainty around tariffs.

Gold pops above $5,200, four-week highs

Gold is holding onto its bullish tone on Monday, reaching new multi-week highs just past the $5,200 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Crypto Today: Bitcoin, Ethereum, XRP intensify sell-off as tariff uncertainty weighs

Bitcoin, Ethereum and Ripple are trading amid increasing selling pressure at the time of writing on Monday, as investors react to fresh trade uncertainty over US President Donald Trump’s push for more tariffs.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.