News & Research

27 February 2025

powered by Land Prime

• 
• 
• EURUSD

Update: EUR/USD is currently testing a major resistance zone between 1.0540 – 1.0602, an area that has previously acted as a strong supply zone. Despite a recent bounce from the lows, the broader trend remains bearish. The RSI (14) at 56.42 indicates mild bullish pressure, but a clear break above 1.0602 is needed to confirm a trend reversal. If sellers step in at this level, the pair could decline towards the next major support at 1.0175.

• 
• 
• GBPUSD

Update: The British Pound has rebounded from recent lows, approaching the 38.2% Fibonacci retracement level (1.25971). The MACD indicator is showing increasing bullish momentum, suggesting potential for further upside. A confirmed breakout above 1.25971 could push the pair towards the 50% retracement level at 1.27587. However, failure to break higher might lead to renewed selling, with 1.20895 acting as a strong downside target.

• GOLD

Update: Gold has been in a strong uptrend, recently reaching a resistance level around 2916.73. A pullback has been observed from this level, with key support sitting at 2874.41 and 2791.59. The RSI (14) at 61.16 suggests bullish momentum, though slightly overextended. If the price sustains above 2916.73, further upside could be seen. However, failure to hold above this level might trigger a correction towards 2874.41, making it a crucial level to watch for potential buying interest.

• 
• 
• AUDUSD

Update: The Australian Dollar is currently in a downtrend, attempting to recover from recent lows. Price has stalled near the 38.2% Fibonacci retracement level (0.64152), which aligns with a previous supply zone. The OsMA indicator shows weak bullish momentum, suggesting the recovery might lack strength. A rejection at 0.64152 could send the pair lower towards 0.61664 and 0.61303. Conversely, a decisive break above 0.64152 could open the door for a test of the 50% retracement at 0.65630.

• 
• 
• GBPJPY

Update: GBP/JPY is struggling near a key support area at 188.34 – 188.82, a level that has historically attracted buying interest. The pair remains within a consolidation phase, with resistance seen at 198.80. The Awesome Oscillator (AO) is showing weak bearish momentum, indicating potential exhaustion in selling pressure. If the price holds above 188.34, a rebound toward 189.92 and potentially 198.80 could unfold. However, a breakdown below 188.34 could expose further downside risk towards 188.01 and lower.

Disclaimer: The information contained in this publication is produced by Land Prime and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land Prime current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land Prime. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.