The Tiger Forex Report – Week of 06/08 – 06/12/2026

The DXY ended the week with a wild ride, and more volatility is the call. Will new move highs be rejected, or boost the trend? USD Bulls finally closed the gap from April. A challenge of the extended upside resistance band is expected.

Crude Oil is winding its coil and is ready to spring. New move lows are expected dropping this market back to the downside support band over the next couple of weeks.

30yr T-Bond Yields are not listening to headlines keeping the Yield curve alive with barely a pulse. More sideways is likely for the next week or two. Wait for a valid signal, and beware of a false breakout.

EURUSD Weekly Outlook:

Bearish momentum took the EURUSD to new move lows in a big way closing below the downside support band. Can this break continue? Most likely there will be a test of the downside target level. If there is going to be a bounce this would be a good area to find a floor. Trading under this area sets the trend up to pound support all the way to the critical support band in the not to distant future. Only a rally above Friday’s high would put the severe sell outlook on pause for a profit taking rally into the upside resistance band. If this occurs there will be an update to evaluate swing trading opportunities. It would be a good idea to pay attention to EU politics over the next week as well to know what the ECB may be pondering. Odds of a rate hike are strong, and that could cause a huge reversal in trend dynamics and set the Bulls up for a strong move against the USD until there is more clarity about what FED actions may be brewing.

GBPUSD Weekly Outlook:

GBPUSD Bears have really shown their intentions to test support. Can the downside support band hold firm? If not, the Bears are likely to touch off new multi week lows and potentially get near the downside target level fast. There is no reason to be a hero and try and fade this slide until there is a valid signal that this FX pair is trying to bounce. Trading has been extremely choppy, and one day does not a trend make. Wait to see how this break pans out if you are not already Short this market. As long as there are lower move lows and lower move highs you will just be trying to pick a bottom if you fade this move. That would most likely be a tremendous mistake because it would be a gambling trade, and not a disciplined trade. Only a rally above Friday’s high would put the Sell rally forecast on hold as the Bulls push a profit taking move toward the upside target level. Odds are very strong that should a power move higher reaches this area again, the critical resistance band should put a cap on upward pressure.

USDCHF Weekly Outlook:

Be careful of the USDCHF Bull this week folks. A challenge of the upside target level is very probable. However, momentum should stall by the critical resistance band. It does not matter how strong the USD is in the short-term because the USDCHF is a long-term Bear. Odds are strong that this currency will fall back on support for not just a profit taking slide, but rather, pullback to test the downside support band. This is a big area holding the base of the wide range trade in the Swissie. Trading below this area would be a very negative sign that long-term downward pressure is building. Should this develop the downside target level becomes a very viable sell off objective.

USDJPY Weekly Outlook:

It is a crawl through resistance in the USDJPY. A rally above the critical resistance band would be a positive indication that the Bulls are going to try and press new move highs to the upside target level. Be careful with these highs, folks. Yields are flat and Crude Oil is flat to lower. Strange things are amiss at the Circle “K” and a liquidity Bull trap is very likely in this currency. Now do not interpret this as a promotion to fade this market. A valid signal is needed first. However, trend dynamics and fundamentals are not adding up to the Bullish surge. One thing is most likely going to occur. Either the metrics start to catch up to current pricing, or the market will revert to its mean. Odds are strong that the Bears will at least pull the market below the upside resistance band and a choppy range trade digestive phase will occur. If there is a strong break the downside support band should hold up as a solid floor to bounce off. It would take a huge drop if Yields or Crude Oil to press support beyond this area in the short-term future. Be warned though. Should both of those markets fall apart there is likely to be a major trend move lower.

AUDUSD Weekly Outlook:

Talk about taking one on the chin. AUDUSD Bears are stretching the slide and looking to fall below the downside support band. Do not try and catch a falling knife. Downside selling pressure has the potential to crash through support all the way toward the downside target level. This is all that is on the agenda for the Bears this week, and a return to a digestive range trade at lower level is the call. As far as the Bulls are concerned there is no reason to lean in that direction until there is confirmation that the trend is at the very least settling down. In the event that the Bulls turn this currency around the upside resistance band should cap upside momentum. If there is a close above here there will be an update.

NZDUSD Weekly Outlook:

Look out below! NZDUSD Bears are in piledrive mode. A test of the downside target level is likely, and an extended push toward the critical downside support band is very likely. This area should hold in the short-term and generate a profit taking bounce. If not, then new multi month lows could reach territory that has not been seen in a long time. Odds are strong there will be a bounce and a digestive pause before more selling pressure enters the market. Only a close above Friday’s high would put the Bearish outlook on hold as the Bulls drag this currency back into the range trade limbo zone that it was gravitating to for months. Keep your head on a swivel and stay nimble.

USDCAD Weekly Outlook:

Power move highs last week my friends. An outside day higher close on Friday keeps momentum in the Bulls control for the short-term. A rally into the upside resistance band is expected, but the upside target level should be the extreme for any follow through action this week. Trading above the long-term directional pivot level keeps this market in a buy break posture. Only a close below this level would change the outlook back to Bearish confirming that weakness has returned. Odds are strong that the USDCAD will have a head fake rally that reverses gear fast. Keep this in mind if you are a Bull. Markets tend to go out like they come in, so that would mean a sharp reversal is highly likely. One good thing about this scenario is that the Bears have a good shot at solid correction to capitalize on should this occur.