DBG Markets: Market Report for Mar 12, 2025

Market Analysis

GOLD - GOLD prices consolidate still with no apparent change in movement. It went according to our expectations with it bouncing off the bottom zone of price. There is a chance for the war in Ukraine and Russia to find a conclusion, halting the bullish progression of the GOLD. We might see some interesting turnabouts in the coming days, but we wait for more price movements before we continue.

The MACD is showing an increase in the bullish movement while the RSI is showing normalization of the buy. Overall price action still respects the bullish structure. Thus, we can only wait to see how it will break said zones.

SILVER - SILVER prices have now made increased bullish movement. The MACD is currently bullish and the MACD is calling oversold after the small drop, allowing us to see increased bullish momentum. However, this can also be a reflection of a consolidation. Since there is a halt in the rise of GOLD, the SILVER prices will remain stagnant. However, if GOLD prices do break above structure and continue with the bullish movement, we will see significant gains in the coming days.

DXY - The dollar is seeing consolidation but a droop from yesterday. This has left GOLD prices in a better price level. The Dollar is only finding more reason to drop further as conflict in Ukraine ease tensions for the Euro, making it another valid go-to alongside other risk-sensitive assets like the Aussie dollar and the Kiwi. The RSI is showing overbought, reflecting the increase in the selling momentum. The MACD has just crossed upward and is showing a possibility for prices to continue lower in the coming days. Thus, we assume further selling as overall price action also supports this structure.

GBPUSD - The pound is currently seeing an increase after prospects for peace in Ukraine is being dealt. The MACD is showing a potential for a short cross before a continuation high, but the RSI is showing an increase in the bullish momentum. While prices are testing the upper boundary of the price, there is potential for the markets to continue bullish in the coming days.

AUDUSD - The Aussie dollar stays up. If peace deals with Ukraine does continue, there is a chance that stability with currencies will return. The MACD is consolidating sideways and the RSI is seeing a potential for tit to continue bullish as it shows oversold levels despite the small fall in price. We remain bullish as overall price action remains as so. Thus, we look for more bullish opportunities while reserving a chance for a continuation low if the Dollar does gain strength.

NZDUSD - Kiwi prices find consolidation but more appreciation than the Aussie dollar. Although it is still being kept above the EMA200 and 0.56859. The MACD is also consolidating and the RSI is currently finding increased low levels despite the smaller movement of price down, allowing us to assume an increase in the buying momentum. Thus, we anticipate more bullish movement in the coming days.

EURUSD - The Euro dollar is currently seeing increased bullish movement and the MACD is just about to cross low. The RSI is seeing oversold levels, increasing potential for a rise in price. This appreciation also comes from hopes of peace deals being made between Ukraine and Russia. We wait for a more clear movement before calling anything, but the rise is a clear indication of respect to the bullish structure of price.

USDJPY - The Yen is currently consolidated in a larger trend as we expected. The potential for it to fail the rise is higher than it falling. There is increased chances that the market will fall further in the coming days. The MACD is seeing an increase in the buying, however the RSI is consolidated still. We wait for more price action and a more clear BOJ direction before calling into anything for this market.

USDCHF - Franc prices are seeing a steady rise as potential for the resolution of the conflict is being appealed to. The RSI and the MACD is showing increased bullish movement, but the RSI is close to calling overbought. We assume that there is a chance for the price to be rejected by the EMA200 before a continuation low. Thus, we wait for the actual movement of price before calling into anything.

USDCAD - The CAD shows swings as we expected, maintaining the larger range of price consolidation. The MACD is failing to show any significant direction with the RSI doing the same thing. Thus, we maintain our consolidated view of the prices and wait for a clear break before looking into any potential entries.