Market Analysis
Gold (XAU/USD)
Gold experienced a sharp movement yesterday due to heightened market volatility. However, selling momentum has increased following multiple failed attempts to break the highs. The MACD is showing growing bearish volume, and the RSI indicates increased bearish pressure, suggesting further downside for gold in the near term. This shift aligns with our expectations for compounding forex profits through short-term forex gains as gold faces resistance at historic highs.
Silver (XAG/USD)
Silver is also experiencing increased selling pressure, following gold’s pullback. The MACD is reflecting higher selling volume, while the RSI confirms growing bearish momentum. As silver broke below key support levels, we anticipate a continuation of the downtrend until stronger market signals emerge. Silver’s weakness is contributing to the overall downturn in commodity markets.
DXY – US Dollar Index
The US Dollar remains in consolidation, with a bias toward further downside. Although fundamentals still favor the Dollar, traders are waiting for inflation data to determine the FED’s next moves. Another important factor is whether Trump will implement tariffs in March. Both the MACD and RSI indicate continued selling momentum. While fundamentals suggest a potential rally for the US Dollar, we expect further declines in the near term, providing an opportunity for hedging with multiple currencies.
GBP/USD – British Pound
The British Pound is in consolidation despite the weakness of the Dollar Index. The MACD shows increasing buying pressure, but the RSI is signaling overbought conditions, suggesting a possible downside. We continue to maintain a bearish outlook for GBP/USD, expecting the Pound to struggle against the Dollar. This presents opportunities for short-term forex gains using forex scalping automation strategies.
AUD/USD – Australian Dollar
The Australian Dollar is seeing increased selling pressure, especially as the Dollar strengthens. RSI has reached overbought levels, indicating potential for further downside. The MACD has yet to confirm the bearish move, but the price action suggests a shift downward. As AUD/USD continues to trade below the EMA200, forex traders may look to capitalize on this downtrend, using instant forex entry points to capture market movements.
NZD/USD – New Zealand Dollar
The Kiwi Dollar is supported by the EMA200, and although the MACD showed previous selling pressure, it has now crossed back upwards. However, the RSI has consistently signaled overbought conditions, which suggests potential further downside. This makes the NZD/USD a key pair to monitor, as market structure may shift toward bearish movements, offering opportunities for long-term forex traders to implement quantitative forex models.
EUR/USD – Euro
The Euro is showing increased buying momentum, but RSI is reaching overbought levels. This suggests that a turnaround could occur, leading to consolidation until clearer price action emerges. Our outlook remains cautious, as the Euro is expected to underperform the US Dollar in the coming sessions. Traders should focus on major and minor currency pairs and use advanced forex strategies to identify key entry points.
USD/JPY – Japanese Yen
The Yen continues to weaken, but there is still potential for further downside. The MACD and RSI confirm the bearish outlook, though some analysts suggest the FED may delay rate cuts until late 2025, which could impact the USD/JPY trend. We remain flexible in our view, acknowledging the possibility of continued rate hikes to combat inflationary pressures. USD/JPY could see volatility in the coming weeks, and traders should remain cautious.
USD/CHF – Swiss Franc
The Swiss Franc is experiencing increased selling pressure due to Dollar weakness. The MACD and RSI indicate growing bearish momentum, suggesting continued downside for the Franc against the Dollar. As the USD strengthens, there may be opportunities to hedge with multiple currencies and take advantage of price movements.
USDCAD – Canadian Dollar
The Canadian Dollar strengthened following discussions on Trump’s tariff plans for March. The MACD and RSI both support further upside momentum for USDCAD. The CAD is likely to continue appreciating if Trump’s tariffs are enacted, offering opportunities for bullish forex strategies.
Commitment of Traders (COT) Report Analysis
| Currency | Strength Rating (1-5) |
| AUD | WEAK (3/5) |
| GBP | WEAK (1/5) |
| CAD | WEAK (4/5) |
| EUR | WEAK (3/5) |
| JPY | STRONG (5/5) |
| CHF | WEAK (5/5) |
| USD | STRONG (5/5) |
| NZD | WEAK (5/5) |
| GOLD | STRONG (4/5) |
| SILVER | STRONG (5/5) |