The Tiger Forex Report – Week of 04/20 – 04/24/2026

The DXY planted a Dragonfly Doji bottom on Friday. A short-term bounce is in the cards for the next few days, and this is supported by other congruent signals in many FX pairs too.

Crude Oil Bears are back in control. Look out below. A failure from the downside target level confirms a true trend shift. Lower move highs and lows are already setting the stage.

30yr T-Bond Yields are in a chop fest, and there is no indication that a true breakout move is going to occur anytime soon. A sideways trade is expected into the last FED meeting with Powell’s last chance to make a move.

EURUSD Weekly Outlook:

EURUSD momentum may have been put to a short-term halt. Key off Friday’s high for directional bias this week. Odds favor the Bears for a few days as the market is setup for a corrective break. With the DXY signaling a turn, the chance of a lower trading market is pretty high. A push by the Bears to the downside support band is the call. That is about all that is on the agenda for a lower trading market this week. It is very likely that support will hold and create a floor. There is a FED meeting approaching. Only a strong surge in Yields could change this outlook. Should there be a strong surge to higher Yields, then the EURUSD could stretch a lower trend all the way to the downside target level before there is a bounce. Bullish expectations are slim. However. A rally above Friday’s high should hit the upside target level. If there is a close above here, then buying momentum could drive this currency all the way into the critical resistance band.

GBPUSD Weekly Outlook:

GBPUSD Bulls are having trouble piercing new move highs. A turn to support is the call this week. It is expected that there will be a profit taking break to put a halt to the Bull run. Lower trading should work its way toward the downside support band. Most likely there will be a bounce in this area. With the approaching FED meeting trading is likely to slow down into a range trade. Most likely the high of the range is in, and now the market will look for the floor. Only a rally above Friday’s high would change the outlook to positive as the Bulls try to spike into the upside trarget level. It is expected to only be a spike high situation should this occur. If there are two closes above the upside target level there will be an update this week to evaluate the situation.

USDCHF Weekly Outlook:

USDCHF Bears are having trouble getting under the downside support band. Use Friday’s low for directional bias. Trading above here is a positive indication that momentum is shifting to the Bulls control. It is very likely that the current leg lower is being put to a short-term halt. A range trade back to the upside resistance band is the call for the rest of the month until we get through the FED meeting. Then another wave lower should unfold. The long-term trend is very Bearish for this currency. Only a failure from Friday’s low would reverse the positive outlook. Should this occur, it would be very unwise to fight the slide. Selling pressure is expected to build at these lower levels and power drive this FX pair all the way to the downside target level.

USDJPY Weekly Outlook:

Get ready to Rock and Roll USDJPY traders. With Crude Oil expected to take a dump and Yields to remain flat this market is poised for a big selling spree. Bearish momentum is expected to build from the start this week and press support all the way to the downside support band fast. Be careful buying into this break. There is a high probability of a longer-term trend shift forming. If this continues multi month lows are likely to be taken out fast. It is not out of the realm of posibility that the market could be at the downside target level before the month is out. Maybe even this week. If you are a Bull, it would be advisable to wait for a very valid Buy signal confirmation. Only a violation of the last major swing high would confirm strength for a rally to the upside target level. If this occurs there will be an update. However, a huge rally in Crude Oil would most likely have to occur for this to even become a viable scenario.

AUDUSD Weekly Outlook:

Another signal supporting USD strength is the AUDUSD pair. A Gravestone Doji formed on Friday and has signaled a potential short-term shift in momentum. The upside breakout level was rejected. Only a close above this level confirms strength and the markets intentions to drive the trend higher. Sustained trading below Friday’s high is a positive indication that the Bears will do their best to set a profit taking slide into motion. Lower trading is likely all the way back to the downside support band. This area is expected to hold, and a range trade is very likely to develop as we near the FED meeting. Do not take trading below this area lightly. Trading at these lower levels would be a sign that selling pressure is not waning. That makes the downside target level a viable area to shoot for as the Bears put a holt to longer-term Bullish potential.

NZDUSD Weekly Outlook:

A spike high on Friday may have put a short-term swing high in place. Trading under here is a negative sign that momentum is shifting and a corrective phase is forming. The longer-term trend is a Bear, so another wave to test support is falling in line with trend dynamics. Fresh selling is expected to build this week and a pull back to the downside support band is very likely before there is a bounce. Not much more is on the agenda as we are getting closer to the FED meeting. If there is a rate cut, then the Bearish outlook for the longer-term view of this currency will be in jeopardy. However, with Powell still at the helm of the FED there is more of a chance for a rate hike than a rate cut. It will be interesting to see how the FED transitions over the next few months. If there is a rally above Friday’s high the Bulls should be able to tag the upside target level. Should there be two closes above this level there will be an update this week. Trading back up at these levels this week most likely will be a spiking exhaustion move.

USDCAD Weekly Outlook:

USDCAD Bears fell just shy of the downside target level and may have set a short-term low. Key off Friday’s low for direction. Trading above here is a positive indication that the market is set to make a profit taking rally get some action early in the week. Do not get too excited. This market is set for a range trade for the next couple of weeks as we head into the FED meeting. Yes, there has been a big leg lower and volatility is high but, this FX pair is built to disappoint. Keep expectations rational. The upside resistance band is the extreme for a higher trade this week, and most likely it will be a choppy range trade all the way up. A failure from last week’s swing low negates the positive outlook as the Bears try to take out the downside target level. If there are two closes below here there will be an update to reevaluate the potential future market action.