The Tiger Forex Report – Week of 01/20 – 01/24/2025

Holiday markets and Inauguration Day for President Trump will most likely put the DXY into a tumultuous trade on Tuesday and into the rest of the week.

Crude Oil made a new move high in front of the change in Washington. Get ready for some Bearish moves. Back to the $70-$75 range in the not too distant future is the expectation.

30yr T-Bond Yields should remain in a tug-o-war with FED rate cuts on the horizon and a new administration in D.C.

EURUSD Weekly Outlook:

This market is getting ready to start swinging. Germany and the EU are falling apart economically and politically. That sets the EURUSD up more and more for our prediction of this market hitting parity early this year. It will be a tight trade until Tuesday most likely, but then get ready for the big swings. A turn back to the lows is what is on the radar, and the lower target level just below the current low is where the Bears are looking to bring this currency back to. Only a close above the upside breakout level would confirm fresh strength for a corrective profit taking rally that targets the upside correction zone.

GBPUSD Weekly Outlook:

As the UK continues to fall apart so does the GBPUSD. Energy, financial, and political crisis’ are all weighing on this market. A sell rally forecast is the call for the next week. There will most likely not be much of a trade until Tuesday. Then the swings should beging to manifest. If the market gets a close below the critical downside correction area it would be a sign that the Bears will press newer move lows below the 1.2000 level. 1.1650 is the longer-term sell off objective. A close above the previous downside breakout level is needed to reverse the current market forecast.

USDCHF Weekly Outlook:

USDCHF is going into range trade mode until after Monday’s holiday. Beware of a spike high. This currency pair is running out of gas, and turn to support is not out of the question. The best thing to do most likely is to wait for a breakout. A breach of last week’s high would be a good indication that the Bulls will be fighting to get this market up toward the upside target level. There is not much else expected this week, but a failure from the downside breakout level may touch off a profit taking slide all the way into the Bearish correction band.

USDJPY Weekly Outlook:

The BOJ rate decision on 1/23/25 will be the biggest thing to look out for USDJPY traders. It is expected that there will be no action during this meeting. Most likely the BOJ will be looking to see what type of environment begins to form starting this Tuesday. If the market can set off a new move low, then the Bears will be looking to try and trend back to the 150.00 BOJ target level. Only a close above the critical resistance band would reverse the outlook, and give the Bulls fresh momentum up toward the extended upside target level.

AUDUSD Weekly Outlook:

The AUDUSD is due for a bounce, but this currency will still remain in a sell rally outlook. Fundamentals reinforce the Bearish outlook for the Aussie. Lower Yields are the only thing that is likely to help lift this market up for any sustainable rally. Use caution buying into this trend. If the Bears get a new Daily low touched off the selling pressure could send this market all the way to the long-term Bearish target level. It would take a rally and close above the upside breakout level for the Bulls to make a play for the upside correction zone.

NZDUSD Weekly Outlook:

The NZDUSD is set for sideways until Tuesday. Then it will be most likely back to riding support. A profit taking counter trend is over do, but until there is a signal the Bears are in control. New move lows on the Daily chart are expected. 0.5400 is the downside target level, and another digestive range trade could develop in this area. If there is a rally the Bulls should be contained by the upside correction band. There is not any more likely upside action going to occur any time soon above this area. Only a close above .5763 would change this outlook. An update will be given if this occurs early in the week.

USDCAD Weekly Outlook:

Can the Bulls keep pressing the trend? Well, the Canadian CPI this week could give the Bulls a boost, especially if Yields remain firm throughout the week. The fact that Canada is collapsing also supports the Bullish trend. A breach of the upside breakout level confirms momentum is building again, and fresh buying could send the USDCAD up into the critical trend resistance area. A turn to lower levels could occur this week, but there is not much to support it. If there is a breaking market the downside correction band should keep the Bullish trend intact.