DBG Markets: Market Report for Mar 20, 2025

Reminder If the narratives of price and the markets become too hard to understand and complicated to navigate, trust your system and stick to doing proper risk management and price structure. Be sure to put an SL as prices may experience sudden shifts and turns depending on the conditions of the data. Best to check your news and data releases to stay clear of the markets an hour before said data comes out.

Market Analysis

GOLD - GOLD maintains its strength, with the MACD cross low failing to impact price action, instead confirming the rise in bullish volume. The RSI remains stable without signaling overbought conditions. We anticipate continued bullish movement in the coming days. Uncertainty surrounding tariffs, the potential for two rate cuts later this year, and escalating tensions in the Middle East—following Israel's airstrikes in Gaza—have all contributed to golds record rally. A continuation of this bullish trend is widely expected under current conditions. The best buying opportunities will arise when the market retraces or tests lower levels before resuming its upward movement.

SILVER - SILVER prices remain consolidated, with no changes in our outlook. We foresee increased bullish movement soon, particularly if analysts continue to highlight golds overvaluation. Until then, we maintain a cautious stance but will seek buying opportunities when market conditions align.

DXY - The Dollar is experiencing prolonged consolidation, with a sharp price drop following the FEDs indication of potential rate cuts later in the year. The RSI consistently signals overbought levels near the upper boundary, while the EMA200 serves as a strong resistance level. The MACD suggests an increased likelihood of further selling in the coming days, leading us to anticipate additional bearish movement.

GBPUSD - The Pound is facing growing selling pressure, though it remains in a consolidation phase. The 1.29966 level continues to act as strong resistance. Further upside is possible, but this largely depends on the Dollars strength in the coming days. We await a decisive breakout before committing to a directional bias.

AUDUSD - The Aussie dollar shows increasing potential for a bullish continuation. The MACD has crossed upward, and the RSI suggests consolidation rather than an immediate sell-off. While the EMA200 and MACD both indicate potential for further gains, we remain bullish overall and will continue to look for buying opportunities.

NZDUSD - The Kiwi remains near its recent highs but faces resistance at 0.58166. We need further price action confirmation before taking a stance. The MACD supports the bullish trend, but the RSI suggests potential for a pullback. Given these mixed signals, we expect extended consolidation in the near term.

EURUSD - The Euro continues to form a bullish structure, though consolidation is extending despite the potential for a weaker dollar. The MACD remains flat, while the RSI signals exaggerated bullish levels despite a relatively modest price increase. We anticipate further buying opportunities but remain cautious, as a potential shift in sentiment could lead to a sell-off. We will monitor price action closely for clearer direction.

USDJPY - The Yen is seeing increased selling pressure after failing to sustain higher levels. If price breaks below the current support zone, a continued downtrend is likely. Both the RSI and MACD indicate bearish potential, and the EMA200 has crossed lower, reinforcing the likelihood of further downside. We await confirmation before committing to a bearish stance.

USDCHF - The Franc remains in consolidation, struggling to break below 0.87534. The MACD oscillates without clear momentum, though it leans bearish. The RSI is approaching oversold levels, suggesting increased potential for a downside move. We will remain watchful of price action in the coming days.

USDCAD - The CAD continues to consolidate without significant movement. Given the lack of clear direction, we refrain from making any calls on this market for now. We will reassess as price action develops in the coming sessions.