Traders, we’re heading into the second week of May 2026, and the market is showing clear signs of strength in the risk-on camp after last week’s solid performance. With current prices at EUR/USD 1.1782, GBP/USD 1.3625, USD/JPY 156.67, Gold 4714.91, and BTCUSD 81088.45, the dollar remains under mild pressure while equities, gold, and crypto continue pushing higher. I’ve been going through these charts carefully since Sunday night here in Hong Kong, and what strikes me is the persistent bullish bias in the majors despite some overbought readings on shorter timeframes. These free forex trading signals are built directly from the actual price action I’m seeing — higher lows, EMA support, and momentum continuation — after more than a decade of watching these patterns repeat. As always, these are my personal views and trading ideas only. Trade responsibly and always use your own confirmation.
What’s Moving the Markets This Week (May 11 – 17, 2026)
From my perspective after years in the trenches, this week brings several key events: US CPI data on Wednesday, which could be the biggest trigger, plus ECB and BoE speeches mid-week. Geopolitical stability and strong risk appetite are supporting the higher-yielding currencies and commodities. I’m personally expecting some volatility around the inflation print, but the broader trend still feels risk-positive unless we get a major upside surprise in US CPI. The dollar’s weakness has been gradual but consistent, and I don’t see it reversing sharply without fresh hawkish Fed signals.
EUR/USD Free Trading Signals – May 11 – 17, 2026 (Current Price: 1.1782)
Looking at the actual points and trends: the pair extended its gains from last week, breaking above the 1.1760 resistance and printing a fresh higher high on the daily chart. Price is now trading comfortably above both the 50-day and 100-day EMAs, with the 4H RSI showing strong momentum but not yet extremely overbought. The ascending channel from early April remains fully intact. Overall trend is bullish with positive momentum.
- Buy Signal (preferred): Entry 1.1765–1.1788 (dip to EMA). Stop Loss 1.1735. Take Profit 1: 1.1840 | Take Profit 2: 1.1890.
- Sell Signal (counter-trend): Only on daily close below 1.1740 — target 1.1680.
I’m 70% bullish here. The way price has been respecting the channel and EMA support makes these dips very attractive for continuation trades — a pattern I’ve profited from many times in similar trending environments.
GBP/USD Free Trading Signals – May 11 – 17, 2026 (Current Price: 1.3625)
Actual points and trends show Cable maintaining its strength, holding above the 1.3580 breakout level and forming another higher low on the daily timeframe. The pair is riding nicely above the 200-day EMA, with 4H momentum indicators staying firmly positive. The broader uptrend since mid-April looks healthy and intact.
- Buy Signal: Entry 1.3605–1.3635 (current zone on minor pullback). Stop Loss 1.3570. Take Profit 1: 1.3690 | Take Profit 2: 1.3750.
- Sell Signal: Only below 1.3570 for a deeper correction to 1.3500 (low probability this week).
Honest take: sterling continues to impress me with its relative strength. I’ve been favoring longs on GBP/USD recently, and this setup still looks solid for more upside unless UK data disappoints significantly.
USD/JPY Free Trading Signals – May 11 – 17, 2026 (Current Price: 156.67)
Based on the actual points: USD/JPY has been gradually softening, holding just above the 156.00 support zone with a higher low on the weekly chart. The pair is now testing the lower Bollinger Band on daily, and 4H RSI is approaching oversold levels. The bigger picture uptrend from earlier this year is still dominant, but short-term pressure remains to the downside.
- Buy Signal (preferred): Entry 156.30–156.80 (dip to support). Stop Loss 155.70. Take Profit 1: 158.00 | Take Profit 2: 159.20.
- Sell Signal: Only on clear break and close below 155.70 — target 154.50 (intervention risk).
I’ve been long this pair for most of 2026, and while the recent dip is noticeable, I see it more as healthy consolidation. The yen is getting some safe-haven interest, but I doubt it flips the bigger trend without major BoJ moves.
Gold (XAU/USD) Free Trading Signals – May 11 – 17, 2026 (Current Price: 4714.91)
Actual points and trends: gold recovered strongly from last week’s lows, reclaiming the 4700 level with conviction and closing above the 20-day EMA. The daily chart maintains its higher-low structure, and RSI has reset nicely from oversold territory. Trend remains bullish in the bigger picture despite the earlier correction.
- Buy Signal: Entry 4700–4718 (dip to EMA). Stop Loss 4670. Take Profit 1: 4760 | Take Profit 2: 4810.
- Sell Signal: Only on daily close below 4670 — target 4620.
After riding gold’s big run in April, I view this recovery as confirmation that the bull market is still alive. These pullback-and-reclaim setups have been some of my highest-probability trades in precious metals over the years.
BTCUSD Free Trading Signals – May 11 – 17, 2026 (Current Price: 81088.45)
Looking at the actual points: Bitcoin continued its impressive climb, breaking through 81k and holding above the key breakout zone. The 4H and daily charts show strong bullish momentum with higher highs and higher lows, while RSI remains elevated but with room to run. Trend is strongly bullish above 79,500.
- Buy Signal: Entry 80,500–81,200 (dip to EMA). Stop Loss 79,200. Take Profit 1: 83,500 | Take Profit 2: 86,000.
- Sell Signal: Below 79,200 only for a deeper test of 76k (low conviction this week).
Trading Bitcoin since 2017 has taught me that once it clears major psychological levels with volume like this, the follow-through can be explosive. The current risk-on environment is clearly feeding this move higher.
Summary Table of Free Forex Trading Signals – May 11 – 17, 2026
| Asset | Preferred Direction | Entry Zone | Stop Loss | Take Profit 1 | Take Profit 2 | Risk/Reward |
|---|---|---|---|---|---|---|
| EUR/USD | Bullish | 1.1765 – 1.1788 | 1.1735 | 1.1840 | 1.1890 | 1:3.4 |
| GBP/USD | Bullish | 1.3605 – 1.3635 | 1.3570 | 1.3690 | 1.3750 | 1:3.2 |
| USD/JPY | Bullish | 156.30 – 156.80 | 155.70 | 158.00 | 159.20 | 1:3.3 |
| Gold (XAU/USD) | Bullish | 4700 – 4718 | 4670 | 4760 | 4810 | 1:3.3 |
| BTCUSD | Bullish | 80,500 – 81,200 | 79,200 | 83,500 | 86,000 | 1:3.6 |
That’s my complete free forex trading signals for May 11 – 17, 2026. This week has potential for nice continuation moves, especially if US CPI comes in softer than expected. But remember the golden rule I’ve learned the hard way: protect your capital above all else and never force trades. If these levels get respected or broken, let me know in the comments — I read every single one and it helps keep my analysis grounded. Trade smart, stay disciplined, and I’ll see you next week with fresh updates. Good luck!
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