News & Research

15 January 2025

powered by Land Prime

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• EURUSD

Update: 

The Euro is facing continued selling pressure against the U.S. Dollar, remaining below the resistance at 1.0437. If this level holds, the pair may decline further toward the support at 1.0323. A breakdown below this zone could lead to a test of the psychological level at 0.9993. The RSI (14) is currently at 42, signaling that the market is approaching oversold territory but lacks clear signs of reversal. A sustained move above 1.0437 is needed to shift the bearish outlook.

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• GBPUSD

Update: The Pound remains in a bearish trend against the U.S. Dollar, holding below the key resistance at 1.2374. Failure to reclaim this level suggests the pair may extend losses toward the support at 1.2089, with further downside potential toward 1.2029. The price also trades below the 200-day moving average, confirming the bearish bias. A decisive move above 1.2484 is needed to indicate any bullish recovery.

• GOLD

Update: Gold continues its upward movement within an ascending channel, currently testing strong resistance at 2721.76. A breakout above this level could trigger further bullish momentum, while rejection may lead to a pullback toward 2655.58. The Stochastic Oscillator is deep in overbought territory, suggesting the potential for a short-term correction before the uptrend resumes.

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• AUDUSD

Update: The Australian Dollar remains under pressure against the U.S. Dollar, struggling to break above the key resistance level at 0.6309. Persistent rejection at this zone highlights seller strength. Immediate support lies at 0.6212, and a break below this level could push the pair further down toward 0.6117. The OsMA indicator signals weak bullish momentum, suggesting continued bearish pressure unless the price rebounds above 0.6309.

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• GBPJPY

Update: The British Pound continues to weaken against the Japanese Yen, unable to surpass the resistance at 190.83. This failure opens the door for a potential drop toward the support level at 188.49. The Awesome Oscillator (AO) reflects ongoing bearish momentum, favoring further downside. A breakout above 190.83 could signal a reversal, but the current structure supports a bearish continuation.

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