Daily Forex & Crypto Market Update – March 20, 2025
- forex368 Forex Education
- Mar 20
- 2 min read
Market Overview
Today’s markets are reacting to ongoing economic data releases, with forex pairs showing significant intraday volatility. Key resistance and support levels are being tested across major currency pairs, commodities, and crypto assets. Below are the latest insights and trade signals based on technical analysis.
Forex Signals & Analysis
GBP/USD
🔹 Action: Sell below 1.2970🔹 Trend: Bearish🔹 Take Profit Levels: 1.2940, 1.2915🔹 Stop Loss: 1.3005📉 GBP/USD is under pressure, breaking below the mid-Bollinger Band. RSI is declining below 50, confirming bearish momentum. A break below 1.2970 could accelerate selling.
USD/CAD
🔹 Action: Buy above 1.4350🔹 Trend: Bullish🔹 Take Profit Levels: 1.4380, 1.4410🔹 Stop Loss: 1.4320📈 USD/CAD is gaining momentum, trading near the upper Bollinger Band. RSI is above 50, indicating bullish strength. A break above 1.4350 could push prices
higher.
EUR/CHF
🔹 Action: Sell below 0.9535🔹 Trend: Bearish🔹 Take Profit Levels: 0.9510, 0.9485🔹 Stop Loss: 0.9565📉 EUR/CHF is trending lower, breaking below the lower Bollinger Band. RSI is below 40, confirming bearish momentum. A break under 0.9535 could extend losses.
AUD/USD
🔹 Action: Sell below 0.6310🔹 Trend: Bearish🔹 Take Profit Levels: 0.6280, 0.6255🔹 Stop Loss: 0.6340📉 AUD/USD is breaking below the lower Bollinger Band, with RSI trending downward near 30, signaling further downside pressure. A drop below 0.6310 could accelerate losses.
Commodities & Crypto Analysis
Gold (XAU/USD)
🔹 Action: Buy above 3050🔹 Trend: Bullish🔹 Take Profit Levels: 3070, 3095🔹 Stop Loss: 3035📈 Gold is holding above the mid-Bollinger Band, maintaining a bullish structure. RSI remains above 50, supporting further upside. A breakout above 3050 may push prices higher.
WTI Crude Oil
🔹 Action: Buy above 67.50🔹 Trend: Bullish🔹 Take Profit Levels: 68.00, 68.50🔹 Stop Loss: 67.00📈 WTI Crude Oil is holding above the mid-Bollinger Band, with RSI stabilizing above 50, indicating potential upside. A break above 67.50 could fuel further gains.
Bitcoin (BTC/USD)
🔹 Action: Buy above 86,000🔹 Trend: Bullish🔹 Take Profit Levels: 86,800, 87,500🔹 Stop Loss: 85,200📈 BTC/USD remains strong above the mid-Bollinger Band, with RSI holding above 50. A breakout above 86,000 could lead to further upside momentum.
Conclusion
Markets remain highly reactive, with key support and resistance levels coming into play. Traders should watch for breakouts and reversals at these levels. Stay updated with the latest signals and trade opportunities by joining Eurotrader.
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