DBG Markets: Market Report for Mar 31, 2025

Market Analysis

GOLD - GOLD prices continue their ascent, reaching new highs as we approach critical trade tariff discussions. While the MACD shows increased selling volume, the RSI maintains strong bullish momentum, signaling continued buying interest. We expect further upside in the coming days.

SIVER - SILVER prices have bounced off 34.0252, reinforcing potential for a bullish continuation. The MACD remains in consolidation but is showing volume growth for both bullish and bearish movement. Meanwhile, the RSI indicates increased bullish momentum after calling the structure test oversold. Given that overall price action remains bullish, we anticipate further upside.

DXY - The Dollar is experiencing increased selling pressure after breaking below the EMA200 and losing its bullish structure, shifting the overall trend to the downside. Expectations for continued bearish movement are rising amid concerns over upcoming tariff plans. The MACD reflects growing selling volume, while the RSI indicates increased bearish momentum. However, despite signaling oversold conditions, the RSI is failing to reflect the true strength of the move. We expect further downside unless a buying shift occurs.

GBPUSD - The Pound is gaining bullish volume, with both the MACD and RSI confirming increased momentum. However, consolidation persists as traders and analysts await Trumps tariff announcement on April 2. While we anticipate further buying in the coming days, we also recognize the potential for additional volatility surrounding the event.

AUDUSD - The Aussie Dollar remains in extended consolidation as markets await clarity on trade policies. Both the MACD and RSI are also consolidating, indicating a lack of directional momentum. We will continue to monitor price action and wait for developments.

NZDUSD - The Kiwi is seeing growing selling momentum, with the RSI reflecting increased bearish pressure. The MACD also suggests a potential rise in selling volume. We expect prices to decline toward 0.56859 to test the structure before determining the next move. Further price action is needed for confirmation.

EURUSD - The Euro has shifted to bullish movement, with both the MACD and RSI reflecting increased volume and momentum. Breaking above the EMA200 confirms this trend shift, and we now anticipate continued buying pressure in the upcoming trading hours unless another reversal occurs.

USDJPY - The Yen is experiencing increased selling momentum and volume, as shown in both the RSI and MACD. While an overall trend shift has yet to be confirmed, bearish strength is growing. The Yens strength is fueled by a broader risk-off sentiment, particularly after reports that Trump has urged his advisors to take a more aggressive stance on tariffs in the coming days.

USDCHF - The Franc has strengthened after breaking out of a smaller consolidation zone. Both the MACD and RSI indicate increased bearish momentum and volume, supporting expectations of further selling pressure. The markets shift toward a risk-off sentiment is benefiting both the Franc and the Yen.

USDCAD - The CAD remains in a wait-and-see phase as traders hold off ahead of the April 2 tariff decision. We will refrain from making any directional calls until a clearer picture emerges.