The Tiger Forex Report – Week of 06/01 – 06/05/2026

The DXY is grinding away hovering below resistance. More of the same indecisive action is likely out of the Index this week. Not a great guide for Forex traders for the next few days. Let’s look at each pair individually this week.

Crude Oil Bears are in control, and more downside action is on the menu this week. A short-term profit taking rally to sell is on the agenda, and then another leg lower. There is a glut of Crude out there, and soon we will be back at $65 a barrel.

30yr T-Bond Yields are in retreat and lower trending Yields is the call. This would be a solid factor that could cause USD weakness versus most FX pairs this week.

EURUSD Weekly Outlook:

It has been a tough trade in the EURUSD for the past couple of weeks. This currency is wedging and more sideways action is expected. Wait for a valid signal. Odds are in favor of the Bulls, and there is a good chance that there will be a liquidity sweep to the downside before there is a rally. Use last week’s swing low as a gauge for strength. Trading above here keeps this market poised for a challenge of the upside breakout level. A breach here confirms the Bulls intentions to press new move highs into the upside resistance band. That is all that is expected for a surge higher this week. A failure from last week’s swing low would be a good indication that the grind continues back into the downside support band. This is a key area that is the base for the sideways trade. Any trading below this area would be a negative indication that the Bears are looking to tag the downside support level before there is a bounce.

GBPUSD Weekly Outlook:

The GBPUSD is starting to swing a bit, and the Bulls have the upside target level in their sights. A sustained trade above here would be a solid sign that the marekt is going to try and challenge the critical resistance band. If a rally is giong to fail it most likely will occur in this area. If there is a close above the critical swing high, then all bets are off for the Bears as the Bulls make new monthly highs. This would also make the upside breakout zone a viable target over the next few weeks. Only a drop below last week’s swing low would alter the positive outlook and set the market to drift in a range trade holding pattern. It is expected that the downside support band will act as a solid floor for the market. A break below here, however, changes the positive short-term outlook. Trading back in this lower area should give the Bears an edge to keep trending lower toward the downside target level.

USDCHF Weekly Outlook:

The USDCHF has been chopping around in a wide range trade, and this week it is likely to be testing lower levels. A failure from the downside support band would be a positive sign that the Bears will keep pressing newer move lows this week. Longer-term trend dynamics are Bearish and the downside target level is a viable objective over the next few weeks. Only a breach of last weeks swing high would reverse the negative outlook. Should this develop, the Bulls are likely to find a ceiling in the upside resistance band. If there is a close above this area there will be an update. Keep your head this week in this currency pair. Look for solid trading opportunities and keep expectations rational. Maintaining a Sell rally outlook is very important this week

USDJPY Weekly Outlook:

Lower Yields and lower Crude Oil is not helping the USDJPY Bears sell this market down. The upside resistance band is acting as a nice roof to the recent wave higher. Watch out for a spike high reversal this week. Higher trading is not expected to hold up this week unless fundamentals shift. Sustained trading below the upside resistance band, however, would be a good sign that a Bearish sell off is brewing. If the market starts to beak, it is likely that selling pressure will build and power a fresh wave lower, all the way back to the downside support band. The Bears are salivating and ripe to pound this currency through support in a big way. Over the next few weeks, it is expected that the USDJPY will be trading near the downside breakout zone if not below it. Yes, that is right. A major shift to the downside is expected in this currency. Global focus on the YEN this summer is very likely, and that means trading opportunities for Forex traders. No summer doldrums this year folks.

AUDUSD Weekly Outlook:

AUDUSD traders are having a tough time of it lately. Guess what? More of the same choppy action is the call for this FX pair. It is what it is. Wait for a valid breakout or other signal before testing the waters. Most likely there will be little movement for swing traders this week. You have been warned. Stay disciplined and do not waste capital by gambling. Key off of the major levels if they get reached this week, but do not rely on the DXY for confirmation. It is expected that it will be a mixed bag of goods for FX pairs versus the USD this week. If there is a major move or signal to trade off there will be an update.

NZDUSD Weekly Outlook:

The Bulls are off and running in the NZDUSD, but can they keep the momentum going? It is expected that the market is going to make another run at higher move highs all the way into the upside resistance band. Trend dynamics say do not try and pick a top in this market. Higher move highs still continue to be the trend, so that is Bullish. Be careful though. A spike high followed by a strong profit taking slide is not out of the realm of possibility this week. Only a break under the downside support band would alter this Bullish outlook.

USDCAD Weekly Outlook:

Is the USDCAD rally out of gas? Most likely. This market is having trouble holding above the upside resistance band, and a pull back to support is the call for the week ahead. Trading below Friday’s swing low is expected, and this should touch off Sell Stops and spark a nice break back into the downside support band. Most likely this area will hold the market afloat. Not much else is likely this week for this currency, and a sideways digestive trade should begin once trading is sustained below the upside resistance band. One good thing that traders should look forward to this summer is plenty of good swing trading opportunities in this FX pair. Get ready for some action to capitalize on. This market and the USDJPY could be the most active pairs versus the USD for the next couple of months. We shall see. We may add some additions to the newsletter soon that will help manage momentum swings more efficiently. If there is enough interest the changes may become permanent.