DBG Markets: Market Report for Mar 26, 2025

MARKET ANALYSIS

GOLDGOLD prices remain consolidated, aligning with our expectations. While prices are holding steady, there are signs of a slowdown. We maintain our readings from yesterday and continue to look for a decisive break in either direction. The focus now shifts to the potential reciprocal tariffs that the U.S. administration might introduce on April 2, causing some uncertainty in the market.

SILVERSILVER prices are showing growth despite the slowdown in GOLD. This upward movement has shifted overall price momentum to bullish. The MACD indicates increasing bullish volume, while the RSI reflects strengthening bullish momentum. The 34.0252 level remains a strong resistance, but if prices manage to break above this structure, we anticipate further buying. Failure to do so will likely result in a larger consolidation range.

DXYThe dollars uptrend persists, though with a slight slowdown from yesterday. It tested the EMA200 and effectively bounced off the structure. However, the RSI signals potential for more selling, while the MACD remains generally consolidated, moving sideways with minimal histogram growth. This suggests a cautious outlook on further buying, as analysts and economists await developments on U.S. tariff plans and their impact on international relations.

GBPUSDThe Pound is currently experiencing increased bullish movement after failing to sustain its previous shift. The MACD maintains steady bullish volume growth, while the RSI reflects an uptick in bullish momentum. With prices holding above the EMA200, we anticipate continued buying in the coming days but await a clear breakout from the consolidation zone.

AUDUSDThe Aussie dollar is gaining bullish momentum, with both the RSI and MACD showing increased upward growth. However, prices remain trapped within a broader consolidation range. We refrain from calling a market direction until a clearer breakout occurs, anticipating continued consolidation for now.

NZDUSDThe Kiwi remains consolidated with minimal movement, failing to break below the previous low. The MACD shows steady bullish growth, while the RSI indicates a normalization of buying pressure. However, a decisive breakout in either direction is needed to establish a clear bias. For now, we remain on standby, awaiting further price action.

EURUSDThe Euro is facing increased selling pressure but is struggling to break below the previous higher swing low. The MACD and RSI are not showing any decisive movement, leaving the market direction unclear. Despite this, the overall structure remains bearish, so we maintain a bearish bias but await a more definitive break before taking a position.

USDJPYThe Yen is seeing increased bullish movement as concerns over U.S. tariffs grow. The RSI is signaling overbought conditions, suggesting a possible sell-off to normalize the price action. However, the MACD continues to show strong bullish volume, indicating that the exaggerated selling volume is not entirely justified. If the price breaks above 150.883, there is a higher probability of continued bullish movement.

USDCHFThe Franc remains consolidated, and we refrain from making any directional calls until a clear breakout occurs.

USDCADThe CAD is experiencing increased selling momentum but remains within a long-term range. While the likelihood of a continued selloff is high, we await a definitive break before confirming a bearish trend. Market participants are also closely watching the upcoming U.S. tariff implementation, which could provide more clarity on the CAD's direction.