📈 AUD/USD – Institutional Bullish Continuation
AUDUSD continues to show a very strong bullish structure both technically and from a positioning perspective.
Latest COT data confirms aggressive institutional accumulation on AUD, while retail traders remain heavily short (82%), a classic contrarian bullish signal.
Technically, price is consolidating above the breakout structure while holding the daily imbalance zone around 0.7140–0.7100.
As long as the market remains above 0.7100 on a daily basis, the continuation scenario toward:
🎯 0.7280
🎯 0.7400
AUDUSD continues to show a very strong bullish structure both technically and from a positioning perspective.
Latest COT data confirms aggressive institutional accumulation on AUD, while retail traders remain heavily short (82%), a classic contrarian bullish signal.
Technically, price is consolidating above the breakout structure while holding the daily imbalance zone around 0.7140–0.7100.
As long as the market remains above 0.7100 on a daily basis, the continuation scenario toward:
🎯 0.7280
🎯 0.7400
🌍 Weekly Macro Report
🇺🇸 US labor data stayed resilient last week, supporting the USD despite softer wage growth.
🇨🇦 CAD weakened sharply after poor employment numbers.
🇦🇺 AUD held stable following the RBA decision.
🇳🇿 NZD remained under pressure after soft labor data.
🔥 Main focus next week:
US CPI (Tuesday)
US PPI (Wednesday)
UK GDP (Thursday)
US Retail Sales (Thursday)
The CPI release will likely define direction across:
✔️ USD
✔️ Gold
✔️ Equities
✔️ Bond yields
🇺🇸 US labor data stayed resilient last week, supporting the USD despite softer wage growth.
🇨🇦 CAD weakened sharply after poor employment numbers.
🇦🇺 AUD held stable following the RBA decision.
🇳🇿 NZD remained under pressure after soft labor data.
🔥 Main focus next week:
US CPI (Tuesday)
US PPI (Wednesday)
UK GDP (Thursday)
US Retail Sales (Thursday)
The CPI release will likely define direction across:
✔️ USD
✔️ Gold
✔️ Equities
✔️ Bond yields
📊 Weekly recap:
FundedNext Phase 2:
🔻 -3.3%
No FX CFD trades this week. Staying selective.
Topstep Challenge:
🔻 -1.12%
Only 1 trade executed:
✅ +0.4% on NQ
FundedNext Phase 2:
🔻 -3.3%
No FX CFD trades this week. Staying selective.
Topstep Challenge:
🔻 -1.12%
Only 1 trade executed:
✅ +0.4% on NQ
📈 EURCAD Analysis
I’m currently watching a potential bullish recovery structure developing on EURCAD after the recent CAD weakness.
Main confluences:
✔️ weak Canadian employment data
✔️ bearish retail positioning on EURCAD (88% short)
✔️ higher timeframe demand reaction
✔️ CAD COT positioning softening
✔️ ascending structure holding above 1.5900
As long as price continues holding the current structure, I’m watching for a possible continuation toward:
🎯 1.6230 — 1.6350 liquidity zone.
I’m currently watching a potential bullish recovery structure developing on EURCAD after the recent CAD weakness.
Main confluences:
✔️ weak Canadian employment data
✔️ bearish retail positioning on EURCAD (88% short)
✔️ higher timeframe demand reaction
✔️ CAD COT positioning softening
✔️ ascending structure holding above 1.5900
As long as price continues holding the current structure, I’m watching for a possible continuation toward:
🎯 1.6230 — 1.6350 liquidity zone.
EURGBP is starting to become very interesting again from a macro and positioning perspective.
GBP futures remain heavily short on the latest COT report, while EUR positioning continues to hold relatively strong. Combined with bullish May seasonality and price reacting from a major daily demand zone, the pair may be preparing for a medium-term bullish reversal.
I’m still watching for a possible liquidity sweep below current lows before expansion higher, but overall the structure is starting to shift.
Key upside zones:
• 0.8680
• 0.8720
• 0.8745
• 0.8780
GBP futures remain heavily short on the latest COT report, while EUR positioning continues to hold relatively strong. Combined with bullish May seasonality and price reacting from a major daily demand zone, the pair may be preparing for a medium-term bullish reversal.
I’m still watching for a possible liquidity sweep below current lows before expansion higher, but overall the structure is starting to shift.
Key upside zones:
• 0.8680
• 0.8720
• 0.8745
• 0.8780
NZDJPY Analysis
NZDJPY is currently testing a major daily supply zone while seasonality and COT data continue to favor JPY strength over NZD weakness.
Key confluences:
Daily premium pricing area
Descending macro trendline resistance
Bearish NZD futures positioning
Improving JPY positioning
As long as price remains below 95.00, I still see potential for a bearish rotation toward:
92.20 → 91.80 → 91.20
Watching closely for lower timeframe confirmation before execution.
NZDJPY is currently testing a major daily supply zone while seasonality and COT data continue to favor JPY strength over NZD weakness.
Key confluences:
Daily premium pricing area
Descending macro trendline resistance
Bearish NZD futures positioning
Improving JPY positioning
As long as price remains below 95.00, I still see potential for a bearish rotation toward:
92.20 → 91.80 → 91.20
Watching closely for lower timeframe confirmation before execution.
GBPCHF is currently respecting a bullish ascending structure after sweeping liquidity from the lows and reacting strongly from the higher timeframe demand zone.
Main factors I’m watching:
higher lows still holding
bullish trendline respected
clean reaction from support
corrective pullback structure
liquidity resting above the highs
Retail positioning remains heavily long, so I’m staying cautious, but technically I still favor upside continuation while price remains above support.
Main levels:
1.0660 → 1.0720 → 1.0760
Main factors I’m watching:
higher lows still holding
bullish trendline respected
clean reaction from support
corrective pullback structure
liquidity resting above the highs
Retail positioning remains heavily long, so I’m staying cautious, but technically I still favor upside continuation while price remains above support.
Main levels:
1.0660 → 1.0720 → 1.0760
NASDAQ PM session recap 15-05-2026📊
Only traded the NY evening session today on my Topstep account.
Closed the day +0.4% ✅
I’m happier with the read than with the execution.
The initial liquidity sweep after NY PM open offered a very clean first-stage setup, but I came into the session mentally biased and noticed the quality of the move too late.
Later, price created another schematic exactly as expected.
Problem was: I was at the gym, alerts weren’t set properly, and I entered while the market was already moving fast.
Probably captured only 50% of the real move potential, but the important part is that the read was correct and risk stayed controlled.
Only traded the NY evening session today on my Topstep account.
Closed the day +0.4% ✅
I’m happier with the read than with the execution.
The initial liquidity sweep after NY PM open offered a very clean first-stage setup, but I came into the session mentally biased and noticed the quality of the move too late.
Later, price created another schematic exactly as expected.
Problem was: I was at the gym, alerts weren’t set properly, and I entered while the market was already moving fast.
Probably captured only 50% of the real move potential, but the important part is that the read was correct and risk stayed controlled.
📊 EUR/USD Analysis
I’m starting to see the first real signs of weakness on EUR/USD after weeks of aggressive bullish momentum.
Price rejected the macro premium zone around 1.1780–1.1900 while respecting the descending trendline from the January highs. At the same time, retail sentiment remains heavily long (around 65%), which from a contrarian perspective keeps downside liquidity attractive.
COT data still supports EUR strength in the medium term, but DXY positioning is stabilizing enough to potentially fuel a temporary dollar rebound.
For now, I’m treating the current move as corrective rather than a full macro reversal.
Main scenario:
• Reaction from the Daily FVG around 1.1620
• Short-term bounce/liquidity grab
• Continuation lower toward 1.1540
• Possible expansion into 1.1400 if USD strength increases
Key confirmation for bulls would be a reclaim above 1.1750 and acceptance back above the descending trendline.
I’m starting to see the first real signs of weakness on EUR/USD after weeks of aggressive bullish momentum.
Price rejected the macro premium zone around 1.1780–1.1900 while respecting the descending trendline from the January highs. At the same time, retail sentiment remains heavily long (around 65%), which from a contrarian perspective keeps downside liquidity attractive.
COT data still supports EUR strength in the medium term, but DXY positioning is stabilizing enough to potentially fuel a temporary dollar rebound.
For now, I’m treating the current move as corrective rather than a full macro reversal.
Main scenario:
• Reaction from the Daily FVG around 1.1620
• Short-term bounce/liquidity grab
• Continuation lower toward 1.1540
• Possible expansion into 1.1400 if USD strength increases
Key confirmation for bulls would be a reclaim above 1.1750 and acceptance back above the descending trendline.
🌍 Macro markets shifted back toward inflation fears last week after stronger-than-expected U.S. CPI and PPI data.
🇺🇸 Higher inflation reinforced the “higher for longer” Fed narrative:
• CPI y/y: 3.8%
• Core PPI m/m: 1.0%
USD regained strength while yields pushed higher and equities turned volatile.
This week the focus moves to:
🇬🇧 UK CPI & PMIs
🇨🇦 Canadian CPI
🇺🇸 FOMC Minutes
🇦🇺 Australian Employment Data
🇺🇸 Higher inflation reinforced the “higher for longer” Fed narrative:
• CPI y/y: 3.8%
• Core PPI m/m: 1.0%
USD regained strength while yields pushed higher and equities turned volatile.
This week the focus moves to:
🇬🇧 UK CPI & PMIs
🇨🇦 Canadian CPI
🇺🇸 FOMC Minutes
🇦🇺 Australian Employment Data
GBP/USD is entering a very interesting macro zone.
After reviewing:
• Technical structure
• COT positioning
• Retail sentiment
• USD Index flows
• Seasonality data
I believe the pair may be transitioning into a broader distribution phase rather than continuation bullish momentum.
Key area remains:
1.3550 – 1.3670
As long as price stays below this zone, I’m watching for potential downside expansion toward:
• 1.3200
• 1.3050
• 1.2800
After reviewing:
• Technical structure
• COT positioning
• Retail sentiment
• USD Index flows
• Seasonality data
I believe the pair may be transitioning into a broader distribution phase rather than continuation bullish momentum.
Key area remains:
1.3550 – 1.3670
As long as price stays below this zone, I’m watching for potential downside expansion toward:
• 1.3200
• 1.3050
• 1.2800
XAUUSD Weekly Breakdown 📉
Gold is starting to show early signs of institutional distribution.
Retail traders remain heavily long while Commercials continue increasing their short exposure according to the latest COT data.
At the same time, price is consolidating inside a major weekly supply zone after a strong impulsive rally.
From my perspective, this looks more like premium pricing absorption rather than bullish continuation.
Main scenario:
→ possible liquidity sweep higher
→ rejection from supply
→ rotation back toward discount levels
Key levels:
• Resistance: 4780–5000
• Bearish confirmation: 4540
• Targets: 4430 → 4100
Seasonality also starts weakening into late May / June, adding further pressure to the bearish case.
Smart Money positioning is becoming very interesting here. 👀
Gold is starting to show early signs of institutional distribution.
Retail traders remain heavily long while Commercials continue increasing their short exposure according to the latest COT data.
At the same time, price is consolidating inside a major weekly supply zone after a strong impulsive rally.
From my perspective, this looks more like premium pricing absorption rather than bullish continuation.
Main scenario:
→ possible liquidity sweep higher
→ rejection from supply
→ rotation back toward discount levels
Key levels:
• Resistance: 4780–5000
• Bearish confirmation: 4540
• Targets: 4430 → 4100
Seasonality also starts weakening into late May / June, adding further pressure to the bearish case.
Smart Money positioning is becoming very interesting here. 👀
USDJPY still looks structurally bullish despite the recent retracement from 160.50.
Price swept liquidity below 155.00 and reacted strongly from discount pricing, reclaiming the daily imbalance zone.
COT data supports USD strength while JPY positioning remains weak, and retail sentiment is still heavily short USDJPY, a contrarian bullish signal.
As long as price holds above 157.00, I continue to favor upside continuation toward 160.50 and potentially 161.00. 📈
Price swept liquidity below 155.00 and reacted strongly from discount pricing, reclaiming the daily imbalance zone.
COT data supports USD strength while JPY positioning remains weak, and retail sentiment is still heavily short USDJPY, a contrarian bullish signal.
As long as price holds above 157.00, I continue to favor upside continuation toward 160.50 and potentially 161.00. 📈
EUR/USD is approaching a critical decision zone.
Price is compressing beneath a major descending trendline after rejecting higher timeframe supply around 1.1750–1.1900.
Institutional COT positioning still supports euro strength structurally, but retail traders are now heavily long (71%), creating the perfect conditions for a potential downside liquidity sweep first.
My current expectation:
→ Short-term retracement toward 1.1540–1.1500
→ Re-accumulation phase
→ Possible bullish continuation later in Q3
Key area to watch:
1.1650–1.1670 resistance.
As long as price remains below that zone, sellers still have short-term control.
Price is compressing beneath a major descending trendline after rejecting higher timeframe supply around 1.1750–1.1900.
Institutional COT positioning still supports euro strength structurally, but retail traders are now heavily long (71%), creating the perfect conditions for a potential downside liquidity sweep first.
My current expectation:
→ Short-term retracement toward 1.1540–1.1500
→ Re-accumulation phase
→ Possible bullish continuation later in Q3
Key area to watch:
1.1650–1.1670 resistance.
As long as price remains below that zone, sellers still have short-term control.
📊 COT Update – Institutional Positioning (May 19, 2026)
Institutions continue rotating away from the USD while maintaining strong exposure on Gold, EUR and AUD.
✅ Strongest positioning:
Gold
AUD
EUR
❌ Weakest structures:
USD
NZD
⚠️ JPY and CHF positioning are becoming increasingly crowded, raising the probability of sharp reversal squeezes if risk sentiment deteriorates.
Main macro theme remains unchanged:
- Weak USD
- Commodity strength
- Selective risk-on continuation
Institutions continue rotating away from the USD while maintaining strong exposure on Gold, EUR and AUD.
✅ Strongest positioning:
Gold
AUD
EUR
❌ Weakest structures:
USD
NZD
⚠️ JPY and CHF positioning are becoming increasingly crowded, raising the probability of sharp reversal squeezes if risk sentiment deteriorates.
Main macro theme remains unchanged:
- Weak USD
- Commodity strength
- Selective risk-on continuation
🌍 Weekly Macro Recap | 18–22 May 2026
This week confirmed a clear slowdown in global inflation dynamics, while labor market weakness started emerging more visibly across several economies.
🇬🇧 UK CPI slowed sharply to 2.8%, reinforcing expectations for a softer BOE stance later this year.
🇨🇦 Canadian inflation also cooled, supporting the broader disinflation narrative.
🇦🇺 Australia delivered the biggest surprise of the week with extremely weak employment data and rising unemployment.
🇺🇸 FOMC Minutes confirmed the Fed remains cautious: inflation is still too elevated to justify aggressive easing, especially with energy prices rising because of Middle East tensions.
Main macro themes:
- Global disinflation continues
- Labor markets are weakening
- Energy remains the key inflation risk
- Central banks stay cautious and data-dependent
This week confirmed a clear slowdown in global inflation dynamics, while labor market weakness started emerging more visibly across several economies.
🇬🇧 UK CPI slowed sharply to 2.8%, reinforcing expectations for a softer BOE stance later this year.
🇨🇦 Canadian inflation also cooled, supporting the broader disinflation narrative.
🇦🇺 Australia delivered the biggest surprise of the week with extremely weak employment data and rising unemployment.
🇺🇸 FOMC Minutes confirmed the Fed remains cautious: inflation is still too elevated to justify aggressive easing, especially with energy prices rising because of Middle East tensions.
Main macro themes:
- Global disinflation continues
- Labor markets are weakening
- Energy remains the key inflation risk
- Central banks stay cautious and data-dependent
📊 Weekly Trading Recap | 18–22 May 2026
FundedNext – Phase 2 Challenge
No trades executed
Topstep Challenge
No trades executed
Current market conditions remained highly mixed due to:
geopolitical uncertainty,
unstable macro sentiment,
and lack of clean high-probability setups.
Sometimes the best decision is staying flat and protecting consistency rather than forcing executions.
Main focus now shifts toward next week’s key macro events:
🇺🇸 US Core PCE
🇦🇺 AUD CPI
🇳🇿 RBNZ Decision
FundedNext – Phase 2 Challenge
No trades executed
Topstep Challenge
No trades executed
Current market conditions remained highly mixed due to:
geopolitical uncertainty,
unstable macro sentiment,
and lack of clean high-probability setups.
Sometimes the best decision is staying flat and protecting consistency rather than forcing executions.
Main focus now shifts toward next week’s key macro events:
🇺🇸 US Core PCE
🇦🇺 AUD CPI
🇳🇿 RBNZ Decision
📉 GBPCAD Analysis
I’m currently watching GBPCAD very closely as price trades directly into a major HTF supply zone combined with bearish trendline resistance and a volume imbalance area.
COT data still shows institutional weakness on GBP, while CAD positioning continues improving. Seasonality also favors CAD strength into late May / June.
Main scenario:
➡️ Liquidity sweep higher into 1.8580–1.8620
➡️ Rejection from premium pricing
➡️ Rotation back toward 1.8400 / 1.8300
As long as price stays below 1.8680, I still favor downside continuation.
Waiting for H1/H4 bearish confirmation before execution.
I’m currently watching GBPCAD very closely as price trades directly into a major HTF supply zone combined with bearish trendline resistance and a volume imbalance area.
COT data still shows institutional weakness on GBP, while CAD positioning continues improving. Seasonality also favors CAD strength into late May / June.
Main scenario:
➡️ Liquidity sweep higher into 1.8580–1.8620
➡️ Rejection from premium pricing
➡️ Rotation back toward 1.8400 / 1.8300
As long as price stays below 1.8680, I still favor downside continuation.
Waiting for H1/H4 bearish confirmation before execution.
DXY approaching a critical resistance zone.
Price is currently testing a major weekly imbalance around 98.50–98.90 while still trading below the descending macro trendline.
COT data remains slightly bearish with non-commercial traders still net short on the dollar, while rising Open Interest suggests volatility expansion may be near.
Seasonality also points to potential USD weakness during the summer months.
Key scenarios:
• Rejection from current resistance → continuation toward 97.20 / 95.50
• Weekly reclaim above 99.50 → bullish invalidation
Price is currently testing a major weekly imbalance around 98.50–98.90 while still trading below the descending macro trendline.
COT data remains slightly bearish with non-commercial traders still net short on the dollar, while rising Open Interest suggests volatility expansion may be near.
Seasonality also points to potential USD weakness during the summer months.
Key scenarios:
• Rejection from current resistance → continuation toward 97.20 / 95.50
• Weekly reclaim above 99.50 → bullish invalidation