Market Technical Analysis by RoboForex

[RoboForex Team]

EURUSD awaits news: no one takes risks ahead of the Fed meeting

The EURUSD pair remains stable at around 1.0510 on Tuesday. The market seeks signals from the Federal Reserve. Find out more in our analysis for 17 December 2024.

EURUSD technical analysis

The EURUSD H4 chart shows the market has completed a corrective structure, reaching 1.0533. Today, 17 December 2024, a new downward wave may develop, aiming for 1.0420.

The EURUSD pair shows little movement ahead of the Federal Reserve meeting.

Read more - EURUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

GBPUSD declines ahead of the Fed’s interest rate decision

The GBPUSD rate has corrected towards 1.2700 today after reaching a weekly high of 1.2730, with market participants anticipating the outcome of the US Federal Reserve meeting. Discover more in our analysis for 18 December 2024.

GBPUSD technical analysis

On the H4 chart, the GBPUSD pair shows local upward momentum after bouncing from the 1.2615 support level on Monday. The alligator indicator signals growth.

The GBPUSD pair is moderately correcting downwards after reaching a local weekly high of 1.2730.

Read more - GBPUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

Brent falls following the Federal Reserve’s statement, with the current price at 72.63 USD

Brent oil is correcting near the key support level of 72.45 USD. Find out more in our analysis for 19 December 2024.

Brent technical analysis

Brent prices secured a position below the lower boundary of the Ichimoku Cloud, suggesting a downtrend. Today’s Brent forecast anticipates a minor bullish correction, with prices testing the Cloud’s lower boundary at 72.85 USD before falling to 71.00 USD.

Brent prices are falling amid Federal Reserve statements about a slower pace of interest rate cuts in 2025, raising concerns about fuel demand.

Read more - Brent Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

Gold (XAUUSD): the asset is consolidating ahead of a rise

A potential rise in US inflation expectations offers hope for Gold to climb to 2,648. Discover more in our analysis for 20 December 2024.

XAUUSD technical analysis

On the XAUUSD H4 chart, prices formed a hammer reversal pattern after testing the Bollinger band’s lower line. They continue their ascent at this stage, following a reversal pattern signal. This trend could develop further since the quotes are moving within an ascending channel.

Possible US inflation growth, combined with XAUUSD technical analysis, suggests that prices could rise to 2,648 USD after a correction.

Read more - Gold Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

EURUSD: the pair continues to correct after a decline

The EURUSD pair may continue its corrective wave towards 1.0464, influenced by US economic indicators. Find out more in our analysis for 23 December 2024.

EURUSD technical analysis

The price formed a harami reversal pattern on the EURUSD H4 chart after testing the Bollinger lower band. It continues its upward movement following the reversal pattern signal at this stage. A corrective wave is expected to develop since the quotes remain within the descending channel.

Coupled with technical EURUSD analysis for 23 December 2024, weak US economic indicators suggest that the EURUSD pair could continue to correct before resuming its decline.

Read more - EURUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

XAUUSD: Gold continues to strengthen after completing a correction

Gold (XAUUSD) continues to strengthen amid limited news coverage, with a potential growth target of 2,650. Find out more in our XAUUSD analysis for today, 24 December 2024.

XAUUSD technical analysis

Having tested the middle Bollinger band, the price formed a harami reversal pattern on the XAUUSD H4 chart. It continues its upward movement, validating the signal from the reversal pattern. This trend will likely persist as the quotes remain within the ascending channel after a pullback.

Together with the technical analysis of XAUUSD, the expectation of a pre-New Year rally supports a scenario of growth towards the 2,650 USD level.

Read more - Gold Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

EURUSD under pressure: the US labour market remains resilient

The EURUSD rate declined after rising in the last trading session, with its current price at 1.0411. More details in our analysis for 27 December 2024.

EURUSD technical analysis

The EURUSD quotes are declining after rebounding from the EMA-45, which remains a floating resistance level for market participants. According to today’s EURUSD forecast, the price is expected to test the upper boundary of a descending channel at 1.0430 before dropping to the 1.0385 support level.

The EURUSD rate remains under pressure due to a stronger US dollar position caused by the Federal Reserve’s hawkish statements and uncertainty about interest rate cuts next year.

Read more - EURUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

EURUSD remains weak as pressure from the US dollar persists

The EURUSD pair is trading near 1.0307 and appears weak. The Federal Reserve’s hawkish stance and Trump’s tariff wars keep the market tense. Find out more in our analysis for 9 January 2025.

EURUSD technical analysis

A negative scenario persists on the EURUSD H4 chart, suggesting a decline towards the trendline at 1.0269, following a break below an intermediate support level at 1.0282.

The EURUSD pair continues to tumble as the market struggles to resist pressure from the US dollar.

Read more - EURUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

The AUDUSD pair is consolidating around the 0.6200 support level

The AUDUSD pair continues to trade near the 0.6200 support level, moving within a downtrend. Today, market participants are awaiting US labour market statistics. More details in our analysis for 10 January 2025.

AUDUSD technical analysis

On the H4 chart, the AUDUSD pair continues to trade within the downtrend. The Alligator indicator is above the price chart and is directed downwards, supporting the current trend. The quotes are consolidating near the key support area between 0.6170 and 0.6200. US labour market statistics could further drive the pair’s price movements.

The AUDUSD pair continues to trade within the downtrend near the key support area between 0.6170 and 0.6200 USD.

Read more - AUDUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

Gold (XAUUSD) is rising amid demand: the market needs safe-haven assets

Gold prices start the week at around 2,690 USD. Rising global risks are prompting investors to seek protection. Find out more in our analysis for 13 January 2025.

GBPUSD technical analysis

On the H4 chart, the primary near-term target for Gold (XAUUSD) is 2,700 USD. This level could be achieved if prices consolidate above 2,693 USD, with a further growth target set at 2,710 USD.

Gold prices may continue to rise as demand for safe-haven assets strengthens.

Read more - Gold Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

Brent suspends growth: this is a pause ahead of new purchases

Brent crude oil is stable at around 80.70 USD. The market is assessing demand and the impact of sanctions. Find out more in our analysis for 14 January 2025.

Brent technical analysis

Following steady growth, a local correction is developing on the Brent H4 chart. The Brent price forecast shows that its target is 79.00-79.15 USD. Once the overbought condition is realised, the market could see a buying impulse, with a retest of 81.02 USD as the first target.

Brent rose to a three-month high and stabilised: investors need time to assess key drivers.

Read more - Brent Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

USDJPY: expectations for a BoJ rate hike support the yen

The USDJPY rate is falling, with bears poised to test the 156.85 support level. More details in our analysis for 15 January 2025.

USDJPY technical analysis

The USDJPY quotes are declining, forming a Wedge reversal pattern. Today’s USDJPY forecast suggests that the price could attempt to test the 158.45 resistance level before falling to 154.35. A bearish divergence on the Stochastic Oscillator provides an additional signal for a downward movement.

The USDJPY rate is declining, driven by expectations for a BoJ interest rate hike, which supports the yen’s strengthening.

Read more - USDJPY Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

Brent consolidated above 81.00 USD

Brent continues to rise steadily, with quotes surpassing the 81.00 USD level yesterday. More details in our analysis for 16 January 2025.

Brent technical analysis

After surging on Wednesday, Brent quotes are consolidating slightly above 81.00 USD today. The asset is trading in a strong uptrend on the daily chart, with the Alligator indicator below the price chart and directed upwards, confirming the asset’s current strengthening trend.

Brent prices rose above 81.00 USD amid slowing inflation and reduced US crude oil reserves.

Read more - Brent Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

EURUSD: the pair could rise above the 1.0350 resistance level

The EURUSD rate is experiencing an upward correction within a downtrend. The bulls failed to overcome the 1.0350 resistance level on their first attempt. More details in our analysis for 17 January 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD pair is experiencing an upward correction after forming a local trough in the 1.0177-1.0200 support area. On Wednesday, the bulls attempted to overcome resistance at 1.0350 but encountered significant selling pressure and retraced, with the price currently consolidating slightly below 1.0300.

The EURUSD pair failed to surpass the 1.0350 resistance level within its upward correction.

Read more - EURUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team