News & Research

13 February 2025

powered by Land Prime

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• EURUSD

Update: The Euro is hovering around a critical resistance zone at 1.0540 - 1.0602, an area where sellers have previously regained control. While the pair has shown a short-term recovery, the broader trend remains bearish unless buyers manage to clear 1.0602 convincingly. The RSI (14) at 52.40 suggests indecision, indicating that neither bulls nor bears have a clear advantage. A failure to break above 1.0602 could invite renewed selling pressure, with immediate support resting at 1.0175. If this level gives way, the pair may revisit the 1.0000 psychological mark. On the upside, a sustained move above 1.0602 would shift sentiment in favor of the bulls, potentially triggering further upside.

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• GBPUSD

Update: GBP/USD is currently facing a critical resistance zone at 1.2520 - 1.2599, which coincides with the 38.2% Fibonacci retracement level of its recent downtrend. The price remains below the 200-day moving average, reinforcing the bearish bias. The MACD histogram is showing weak bullish momentum, suggesting that buyers are attempting to regain control, but their strength remains uncertain. Immediate support lies at 1.2089 - 1.2072, and a breakdown below this area could accelerate losses toward 1.2000. On the other hand, a breakout above 1.2599 would shift momentum in favor of the bulls, potentially opening the door for a move towards 1.2800.

• GOLD

Update: Gold continues to show strong bullish momentum, currently trading above 2900, following a breakout from a major resistance level at 2791. The trend remains firmly bullish, with buyers in full control. However, the RSI (14) at 75.21 indicates that the market is in overbought territory, which raises the possibility of a short-term pullback. If gold holds above 2900, the next resistance levels to watch are 2950 and 3000, while a retracement towards 2791 could provide another buying opportunity. A confirmed break below 2791 would weaken the bullish structure and could lead to a deeper correction.

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• AUDUSD

Update: The Australian Dollar has encountered a key resistance zone between 0.6329 and 0.6358, which aligns with the 23.6% Fibonacci retracement level from its recent downtrend. Despite a minor recovery, the broader structure remains bearish, and buyers need a decisive push above 0.6358 to challenge higher levels. The OsMA indicator shows weakening bullish momentum, suggesting that the current bounce might be short-lived. On the downside, immediate support is seen at 0.6166 - 0.6130, and a breakdown below this area could accelerate losses towards the 0.6000 psychological level. For the outlook to turn bullish, AUD/USD needs a confirmed close above 0.6358, which could open the door for further gains.

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• GBPJPY

Update: The British Pound is currently attempting to rebound from the 187.34 - 188.10 support zone, an area that previously attracted buyers. However, the pair remains below the 198.80 resistance level, which has acted as a strong supply zone in the past. The Awesome Oscillator (AO) remains in negative territory, indicating that bearish momentum still dominates despite the ongoing recovery. If buyers manage to push the price above 192.00, there could be room for an extension towards 196.00, but failure to hold above this level may lead to another test of the key support area. A confirmed breakdown below 187.34 would expose 185.00, potentially reinforcing the bearish outlook.

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