DBG Markets: Market Report for Mar 10, 2025

Market Overview

GOLD

GOLD prices have reached a stalemate, failing to get anywhere despite the release of NFP news last week. All we saw was the GOLD prices moving sideways, seemingly waiting for a more resolute Dollar movement before making a decision where it wants to go. The MACD and the RSI is failing to show anything at the moment. We wait for a clear break of either structure. But, we can see that prices are still respecting the bullish structure and is staying above the EMA200. Thus, we look for chances to buy the prices further.

SILVER

SILVER is finding increased chances to buy further with the current market price being on 32.5177. We can also see the RSI seeing increased overbought levels, calling a chance to continue the consolidation. However, the MACD is seeing a lowered chance to continue the sell due to it being in exaggerated levels despite the price conservatively moving for a sell. Thus, we can see increased chances for a possible rise in price. Until we see definite breaks, we do not go anywhere. The EMA200 is also acting as an effective support at the moment.

DXY

The dollar is seeing lowered chances for a rise as the fall continues with great momentum. We can see the MACD increasing the bullish volume but fails to be reflected with price, alongside the RSI calling overbought levels each time it rises, showing increased volume and momentum for bearish movement. Thus, we look for more chances to sell the market moving forward.

GBPUSD

The Pound has risen to a new high last week, but failed to progress beyond it and has consolidated, waiting to see how the dollar will play out for the entire week. The Monday is relatively quiet, but major news releases throughout the week may change the entirety of this moving forward. The MACD and the RSI is failing to show any clues yet as the markets remain consolidated.

AUDUSD

The Aussie dollar is consolidated under the previous swing high. The break above did show increased bullish momentum, but the fall is not uncalled for. The markets stay on the EMA200 and the previous swing zone. We can also see the MACD cross up, showing potential to buy. However, the RSI is consolidated right now, and there is potential for price to continue moving sideways a bit more until further notice. We wait for more confirmation.

NZDUSD

The Kiwi is currently supported by the EMA200 and is finding increased bullish movement. The zone high is currently resisting prices and the MACD is currently going to cross high. The RSI Is also keeping low, but was almost reaching overbought level previously. We cannot determine the movement of price at the moment, but we call for an increase in the bullish sentiment since overall market direction is still respecting bullish movement.

EURUSD

The Euro dollar is still consolidated, but was able to make a new high last week. The markets are expected to continue the bullish movement, given that the dollar continues showing weakness. The MACD is selling while the RSI is keeping low while actual prices are maintaining a healthy level in price. We wait to see how the markets will progress moving forward.

USDJPY

The Yen is currently seeing increased bearish movement, but the current price is still consolidated despite making a new low. While this move may seem good, it might also signify a chance for prices to shift up. The MACD is currently calling a buy despite a slow movement with price, while the RSI is calling high levels despite the slower movement in price, showing chances for it to continue selling moving forward. We wait for more confirmations with price,

USDCHF

The Franc is seeing increased chances to continue going down more than how the other pairs are fairing as it provides a more stable option against the dollar. The MACD is seeing an increase, although this is not matched by the RSI calling overbought levels. This tells us that the markets have a higher chance to sell and that the buying volume is low. Thus, we look for more chances to sell the market.

USDCAD

The CAD fights but fails to find any significant movement to a direction. The EMA200 is being tested while the MACD is showing increased bullish movement. The RSI is going under, showing normalization of the potential to buy more. However, we call that this market can consolidate more than it will move to a specific. While the chances for this to move back up and return bullish is high, we cannot know until we see a more resolute skewed direction in which the market is heading to.