The Tiger Forex Report – Week of 07/20 – 07/24/2026

The DXY is slinking around in a corrective range trade. Is the Index bottoming to regain the Bullish trend? Odds are very good that we shall see soon. A strong rally is very likely.

Crude Oil Bulls are on the move trying to fill the gap left a few weeks ago. A blow off spike high rally is expected, and a return to lower levels should unfold within a few weeks.

30yr T-Bond Yields are looking like they have found a short-term floor, and the Bulls are ready to make a run for the upside resistance band. Lower Yields are expected over the next month.

EURUSD Weekly Outlook:

It is a grind higher for the Bulls and more of the same is the call this week. A run to challenge the upside resistance band early in the week would keep the short-term trend intact. This area, however, should cap the rally for this currency because range trade conditions are starting to manifest. Only two closes above the upside resistance band would confirm that the longer-term trend is trying to become Bullish. Keep an eye on last week’s low. If there is a break below this low the Bears should start to trigger Sell Stops and fuel a fresh leg lower that targets the downside support band. There are mostly mixed signals for this FX pair. The best advice is to wait for a valid signal

GBPUSD Weekly Outlook:

Last week the Bulls pearced the upside resistance band, but failed to hold higher ground. Use last week’s high for short-term directional bias. Trading below here helps to solidify the recent swing high and give the Bears a valid shot at dragging the GBPUSD back into the downside support band area. That is about all that is expected for a lower trading market. If there is a close above last week’s swing high it would be a solid indication that this currency could be ready to spark a serious trendmove higer. In the event that this currency can maintain Bullish strength, then the upside breakout zone becomes a serious objective as we head into the second half of the summer months. It would be unwise to fight a rally into these higher levels. Watch the DXY. If the Index is lower it would be a good sign that the USD is getting slammed in a big way.

USDCHF Weekly Outlook:

Is the rally running out of gas in the USDCHF? There are signs that at the least a short-term reversal could be shaping up. So far there is a potential Shoulder and Head in place for a Head & Shoulders Sell pattern. This week could be key in setting the short-term trend for a couple of weeks. An early challenge of resistance is expected, but the upside resistance band should hold the Bulls back. As long as the market does not rally above the last swing high the pattern could unfold. If the Bears fall below last week’s swing low the odds will be strong that support could be in for some serious action. Do not underestimate the ability for the Bears to really get a solid trend move lower in motion. If the DXY is pulling back sharply the USDCHF Bears should really have a good week.

USDJPY Weekly Outlook:

Where the USDJPY is going is the big question traders are scratching their heads over. The upside resistance band is holding this market in a sideways wedging trade that is ripe to pop. If the Bulls get a breakout above this area the upside target level has a high probability of getting tagged. That is about all that is on the agenda for a higher trade by the Bulls unless the USD really starts to go on a very Bullish run. Odds are high that even if there is another higher move high the Bears will be able to spark a corrective profit taking break soon. This currency is long overdue for a release. There is every reason to believe that if upside momentum falls apart that a strong pullback should develop. A new leg lower could be quick and violent. Odds are very high that the Bears are waiting to pounce on this FX pair and drive it all the way back to the downside support band to say the least. If a pullback is going to just be a correction there should be a bounce in this area. Any trading below this region would be a strong indication that the long-term trend is starting to turn for a period where the YEN may be able to keep USD strength at bay for a while. Especially if there are no Interest Rate hikes by the FED. Keep your peepers on the BOJ as well. There has been more action by the BOJ in the last year than in the last decade. Food for thought.

AUDUSD Weekly Outlook:

AUDUSD Bulls are putting the upside resistance band to the test. If the recent rally is just a correction the swing high last week should be a short-term top. A breach of this high would negate the neutral to Bearish outlook and give the Bulls a good shot at pressing newer move highs toward the upside target level by the end of the Summer. Sustained trading below the upside resistance band would be a strong sign that the Bears are done letting the Bulls make money. Time for another test of support. If the DXY is in a strong rally posture this week the odds are strong that the Bears are not going to let up on hammering this currency all the way to the downside support level. Do not underestimate a lower trending market into this area again. If this develops there is a strong possibility that the Bears are going to really press the downtrend for months to come. That would mean that newer monthly lows are becoming more likely. The best advice in the short-term is to watch USD strength to determine what to do with this FX pair. When the USD is weak the AUDUSD can get a nice pop to the upside. However, when the USD rallies the AUDUSD Bears may be overwhelming for at least a few more months. Extreme volatility in the lesser major pairs against the USD is not just an opinion it is the most plausible scenario as we work our way through the third quarter.

NZDUSD Weekly Outlook:

NZDUSD Bulls challenged the critical resistance band and there is likely to be another poke at the highs this week. If there is a close above this area it would be very foolish to try and fade the Bullish strength until momentum presses the extended upside resistance band. There is little to indicate that an extended leg higher can get beyond this area. The overall trend is a Bear and another pullback is very likely. Trend dynamics are Bearish and odds are high that the Bears can get a breaking market to fall back into the downside support band. Should this develop, it could get very volatile in this area. Bearish momentum should get eaten up by buying support if the trend is shifting to a Bull. If the DXY starts showing serious weakness the NZDUSD could start to shift to a neutral to Bullish outlook. These factors must line up, or else odds are high that the Bears will recapture the trend and newer monthly lows could be reached by the Fall.

USDCAD Weekly Outlook:

Falling like a rock thrown into a pond. Bearish momentum is dominating the short-term trend and a test of the downside support band is in the cards this week. The correction was overdue, and the question now is whether it is a correction or the beginning of a trend shift. Either way a Bullish bounce is highly likely. Should this area fail the critical support range will most likely set a floor for the short-term trend. In the event of a big Bearish turn in the USD this market could press the lows all the way back to the downside target level. Remember the longer-term trend is a Bull, and the Canadian economy is collapsing. Odds are that this downturn is a correction and a buying opportunity. Any glimpse of USD strength returning should get the Bulls back in gear and lift the USDCAD all the way up to the upside resistance level at the very least. Stay disciplined and do not get caught up in headlines or news. Watch price action and stay focused on the fundamentals. There area most likely going to be some very strong trend trading opportunities to ride in the weeks to come. If the DXY takes off to the upside it will most likely be troublesome for Shorts in this currency. Keep that in mind as you pick your spots this week in the Canadian Dollar against all currency crosses and not just the USD.