News & Research

12 March 2025

powered by Land Prime

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• EURUSD

Update: EUR/USD has been on a tear, blasting through previous resistance and hitting a supply zone between 1.0540 – 1.0602. The move looks strong, but RSI at 74.38 raises concerns of overheating- typically, such levels indicate an imminent pullback or at least a period of consolidation. If bulls manage to keep momentum and clear 1.0602 convincingly, the next big test is 1.0948, a level last seen before the recent decline. If sellers regain control, expect a retest of 1.0175, where strong buying interest was previously seen.

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• GBPUSD

Update: Cable (GBP/USD) has staged an impressive comeback, reclaiming lost ground and currently testing the 50% Fibonacci retracement at 1.2937. This level is critical historically, a failure here could send the pair tumbling back toward 1.2597 (38.2% Fib level). However, if buyers sustain the momentum, the next big resistance is near 1.3180. MACD is flashing bullish signs, but the 200-day moving average (red line) could act as a dynamic resistance. Watch for a clear breakout or rejection before jumping in.

• GOLD

Update: Gold has been unstoppable, surging past multiple resistance levels and currently trading around $2915. The big question now is whether it can push toward $2954, where some profit-taking might occur, or if a correction is due. RSI at 56.25 suggests there's still room for more upside before hitting extreme levels. If a pullback happens, $2791 is the key support zone where buyers might reload. Given the current bullish momentum, dips are likely to be bought unless something drastic shifts sentiment.

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• AUDUSD

Update: AUD/USD is attempting a recovery after a prolonged downtrend, but it's struggling near the 38.2% Fibonacci retracement level. The market recently bounced from a demand zone around 0.6130 – 0.6160, suggesting buyers are stepping in. However, the broader structure remains bearish unless we see a break above 0.6350 – 0.6420, an area where previous attempts at recovery have failed. Momentum indicators are still neutral, so traders should be cautious as failure to hold above 0.6200 might mean another leg down.

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• GBPJPY

Update: The pound-yen pair has been ranging between 188.00 – 198.80, showing no clear trend but maintaining bullish attempts. The Awesome Oscillator (AO) is hinting at rising momentum, but until price breaks above 191.50 convincingly, it's just another fake-out waiting to happen. If bulls manage to breach 193.50, we could see a move back to 198.80, but failure means another revisit to 188.00, where the pair has bounced multiple times in the past. For now, it's a range trader’s playground.

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