Which markets led the 5-day moves in this forex week in review?

Gold (XAU/USD) last printed 4139.28 with a 5-day change of -3.54%. USD/CAD last printed 1.42488 with a 5-day change of 0.77%. GBP/USD and bitcoin were both -0.03% over five days.

What do daily trend and RSI show after this week's moves?

EUR/USD's daily trend is down with RSI at 22.4. USD/CAD's daily trend is up with RSI at 77.6. Gold's daily trend is down with RSI at 38.6. Bitcoin's daily trend is up with RSI at 62, while the H4 trend is mixed.

What is on the forex calendar for Sunday and Monday?

Sunday has Australia's S&P Global Composite PMI (previous 50.8, estimate 50.8) and Services PMI (previous 51.4, estimate 51.4). Monday includes the Australian TD-MI Inflation Gauge, euro-area HCOB PMIs, ECB speeches from Nagel, Lane and Schnabel, and the US S&P Global Composite PMI (previous 58.4, estimate 58.4).

How were large speculators positioned as of the week to September 29?

They were net short EUR/USD, GBP/USD and AUD/USD and had added to those shorts, and net long USD/CAD after adding to that long. They were net long gold and bitcoin but had reduced those longs, and net short USD/JPY after reducing that short.

Forex Week in Review: Gold Slides as Currency Trends Split

Week wrap Neutral bias Oct 2, 2026, 21:49 UTC

James WhitmoreChief Market Strategist · ForexR analyst

Last prints before the close show gold at 4139.28 after a 3.54% five-day decline and USD/CAD at 1.42488 up 0.77% over five days. Daily trends conflict across the majors ahead of PMI releases on Sunday and Monday.

assorted currency bills on plaster and wooden table .

Instrument	Last	Day change	Pivot	Daily trend
EUR/USD	1.12526	+0.10%	1.12541	Down
Gold (XAU/USD)	4,139.28	-0.91%	4,166.35	Down
GBP/USD	1.32402	+0.36%	1.32271	Down
Bitcoin (BTC/USD)	84,494.02	+0.11%	85,118.61	Up
USD/JPY	157.840	-0.13%	157.645	Mixed
AUD/USD	0.69556	+0.39%	0.69482	Down
USD/CAD	1.42488	+0.21%	1.42376	Up
Ethereum (ETH/USD)	2,661.93	-1.61%	2,699.07	Up
Nasdaq 100 (US100)	30,790.0	+0.95%	30,773.0	Up
WTI Crude Oil (XTI/USD)	90.334	-1.71%	90.114	Mixed
Data as of 2026-10-02 21:45 UTC.

Five-day winners and losers

Cash forex is shut. Last prints before the close put gold at 4139.28 after a 3.54% five-day decline and USD/CAD at 1.42488 after a 0.77% five-day gain. Daily trends do not line up across the board, so the weekly read is split: gold, EUR/USD and AUD/USD finished with down daily trends, while USD/CAD, bitcoin and the Nasdaq 100 finished with up daily trends. The single level that matters most on the metal is gold's daily pivot at 4166.35, with the last print still below it.

Instrument	Last print	5-day change (%)	Daily trend	Daily RSI
USD/CAD	1.42488	+0.77	up	77.6
Nasdaq 100 (US100)	30790	+0.58	up	65.7
USD/JPY	157.84	+0.37	mixed	52.9
GBP/USD	1.32402	-0.03	down	36.9
Bitcoin (BTC/USD)	84494.02	-0.03	up	62
AUD/USD	0.69556	-0.94	down	32.6
WTI Crude Oil (XTI/USD)	90.334	-1.06	mixed	49.6
EUR/USD	1.12526	-1.25	down	22.4
Ethereum (ETH/USD)	2661.93	-1.25	up	64
Gold (XAU/USD)	4139.28	-3.54	down	38.6

USD/CAD led the five-day gains. Gold posted the steepest five-day decline. GBP/USD and bitcoin were little changed over five days at -0.03% each. The currency strength meter is the place to compare those dollar crosses side by side against the last prints.

Daily trends and RSI after the week's moves

EUR/USD last printed 1.12526, up 0.1% on the day, with daily and H4 trends down and daily RSI at 22.4. That print sits just under the pivot at 1.12541. A push through R1 at 1.12881 would challenge the down trend; a break of S1 at 1.12235 would keep the five-day decline of -1.25% in control. AUD/USD last printed 0.69556, up 0.39% on the day, with a five-day change of -0.94%, daily and H4 trends down, and daily RSI at 32.6, between the pivot at 0.69482 and R1 at 0.69845.

GBP/USD last printed 1.32402, up 0.36% on the day, almost unchanged over five days at -0.03%. The daily trend is down, the H4 trend is mixed, and daily RSI is 36.9, with the print above the pivot at 1.32271 and below R1 at 1.32735. USD/JPY last printed 157.84, down 0.13% on the day and up 0.37% over five days; the daily trend is mixed, the H4 trend is up, and daily RSI is 52.9, above the pivot at 157.645.

USD/CAD last printed 1.42488, up 0.21% on the day, with daily and H4 trends up and daily RSI at 77.6. The print is above the pivot at 1.42376. Clearing R1 at 1.42741 would extend that up trend; a retreat through S1 at 1.42148 would weaken the view. Those pivots can be checked on the pivot point calculator.

Gold last printed 4139.28, down 0.91% on the day, with daily and H4 trends down and daily RSI at 38.6. The session range ran between 4125.08 and 4226.51, and the print is below the pivot at 4166.35. A recovery through that pivot would open the way to R1 at 4207.63. A break of S1 at 4106.2 would leave the five-day slide intact. WTI last printed 90.334, down 1.71% on the day and -1.06% over five days, daily trend mixed, H4 down, RSI at 49.6. The Nasdaq 100 last printed 30790, up 0.95% on the day and 0.58% over five days, daily and H4 trends up, RSI at 65.7, just above the pivot at 30773.

Bitcoin last printed 84494.02, up 0.11% on the day and -0.03% over five days. The daily trend is up, the H4 trend is mixed, and daily RSI is 62, with the print below the pivot at 85118.61 and above S1 at 83005.11. Ethereum last printed 2661.93, down 1.61% on the day and -1.25% over five days; the daily trend is up, the H4 trend is mixed, and daily RSI is 64, with the print below the pivot at 2699.07.

Newsflow, positioning and yields

Coverage from Forexcom, FXEmpire and FX Street clustered around gold staying under pressure while the dollar held its ground, with separate items on USD/CAD and GBP/USD. That is the conversation in the newsflow; it does not prove why the last prints sit where they do.

As of the week to September 29, large speculators were net short EUR/USD, GBP/USD and AUD/USD and added to those shorts, and they were net long USD/CAD and added to that long. They remained net long gold and bitcoin but reduced those longs, were net short USD/JPY after reducing that short, and reduced net longs in the Nasdaq 100 and WTI crude oil.

The 2-year yield sat at 4.83%, up 5 basis points, and the 10-year at 5.28%, up 4 basis points, with the 3-month at 4.19% and the 2s10s curve at 45 basis points. Those yields are context around the dollar pairs, not a proven cause of the week's last prices.

What is on the calendar

Sunday lists Australia's S&P Global Composite PMI (previous 50.8, estimate 50.8) and S&P Global Services PMI (previous 51.4, estimate 51.4). Monday brings the Australian TD-MI Inflation Gauge (previous 4.8), euro-area HCOB services and composite PMIs, ECB speeches from Nagel, Lane and Schnabel, euro-area producer prices and Sentix investor confidence, plus the US S&P Global Composite PMI (previous 58.4, estimate 58.4). The full run sits on the economic calendar.

Last prints leave gold below 4166.35 with a down daily trend and USD/CAD above 1.42376 with an up daily trend. EUR/USD, AUD/USD and GBP/USD still carry down daily trends, while bitcoin's daily trend is up against a mixed H4 trend. Until those daily trends agree, the weekly bias stays neutral.