The Tiger Forex Report – Week of 02/17 – 02/21/2025

The DXY Bears are below the Bearish correction band. New move lows target the 105.175 level.

Crude Oil is snaking along support. Sustained trading below the $73.10 level targets the $63.39 area.

30yr T-Bond market is expected to be a tough trade. Watch for any economic releases that are inflationary. The Bears are looking for any reason to slam support.

EURUSD Weekly Outlook:

EURUSD Bulls are in control and looking to make a play for the upside correction zone. As long as Yields are pulling back there should be enough gas in the tank to lift this currency to higher move highs. The 1.0700 upside target level is expected to be the extreme for a rally. With the FED not looking to ease anytime soon, the Bulls will have a tough time holding the uptrend. A failure from the downside breakout level is needed to confirm any serious trend weakness. Do not be surprised if this market falls into a deep range trade for the next few months.

GBPUSD Weekly Outlook:

GBPUSD Bulls are huvering around the monthly directional pivot level. Upside momentum is expected to hold up for another surge through resistance. The upside correction zone is a very viable area for the market to gravitate to. Look out for a spike high reversal though. Only a close above the upside target level confirms longer-term trend strength. Remember that the economy in the UK is falling apart. Rallies are viewed as corrections currently. Do not be to surprised if this currency pulls back below the downside breakout level. The long-term trend is still a Bear.

USDCHF Weekly Outlook:

The USDCHF Bears are flirting with the downside breakout level. Sustained trading below here would be a good indication that the market could press the trend lower toward the Bearish correction Band. Of all the major currencies against the USD this cross may diverge from the other pairs. Over the next few weeks this market could fall all the way down to the downside target level. Sideways to lower is the call until there is a big change in Swiss fundamentals. If the Bears are going to retake control there needs to be a close above last week’s swing high. Should Yields rise sharply this scenario could develop. Let us see what the economic numbers bring.

USDJPY Weekly Outlook:

USDJPY traders have some Bearish momentum on their hands. Can they capitalize? It looks like there could be a new move low this week. With Crude Oil falling lower and Yields in retreat the Bears could get some help. A fresh leg lower targets the critical BOJ threshold level. It would be unwise to try and fade a slide back into this area. Bearish momentum may have the strength to drop this market all the way into the downside correction band. A rally above last week’s swing high is the only thing that would reverse the negative outlook. Trading above here would set the Bulls up for a rally that targets the critical resistance band.

AUDUSD Weekly Outlook:

AUDUSD Bulls are on the move holding above the upside breakout level. More Bullish action is expected this week. A rally into the upside correction zone is very possible. But watch out for a spike high rally here folks. Should a rally continue, it will still be viewed as a corrective rally. Fundamentals are very Bearish for this currency. If the market gets a close below the upside breakout level it would be a very good indication that the Bears are taking control again. Sideways to lower is the longer-term expectation. Keep an eye on Yields this week. If the USD gets a boost from higher Yields then this FX pair should get Bearish fast. Do not be surprised if this is another market that is setting the extremes for a range trade market for months to come.

NZDUSD Weekly Outlook:

NZDUSD Bulls broke out to the upside and planted a reverse head and shoulders Buy pattern. The upside correction band is a key area. If the Bulls get above here then an extended move up toward the upside breakout level could unfold. That is all that is likely for a rally, and it should be viewed as a correction. Big swings are in the forecast for this FX pair. Make sure to be mindful of the USD. If the DXY gets a rally going then this market should fall back on support fast. Fundamentals are poor for the NZD and if the USD gets Bullish then this market could fall all the way into the downside target band in just a few months.

USDCAD Weekly Outlook:

USDCAD Bears are below the downside correction band. Can the Bears keep pressing lower? As long as the DXY is on edge the Bears will have the downside target level on their radar. Who knows what economic factor could be thrown into the mix. For now, this market is in a sell rally environment and big swings are expected. If the Bulls are going to turn things around a close above the downside correction band is needed for confirmation. Yields could be the biggest factor if the Bulls are going to get this market higher. Higher Yields could aid the Bulls in getting a run back up toward the critical trend resistance area.