Market Technical Analysis by RoboForex

[RoboForex Team]

GBPUSD loses ground amid collapse in US consumer expectations

The GBPUSD rate is falling, with sellers holding the 1.2950 resistance level. Discover more in our analysis for 26 March 2025.

GBPUSD technical analysis

The GBPUSD rate is showing a slowdown in the uptrend as prices have broken below the lower boundary of the bullish channel. The pair is now consolidating within a Triangle pattern. Today’s GBPUSD forecast anticipates a drop towards the 1.2805 level. The Stochastic Oscillator supports the bearish scenario as its values are bouncing off the resistance line.

Improved business activity in the UK supports the British pound.

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 continues to climb: data favours buyers

Brent crude oil rose to 73.15 USD. US stockpiles are declining faster than expected. Find more details in our analysis for 27 March 2025.

Brent technical analysis

On the H4 chart, the primary scenario for Brent suggests a further rise towards 73.52, from where the market could move to 74.00.

Brent oil is maintaining its upward momentum.

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) hits record highs, surging to the 3,100 USD area

XAUUSD prices are rallying sharply, setting a new all-time high at 3,086 USD. Today, the market awaits US inflation data. Discover more in our XAUUSD analysis for 28 March 2025.

XAUUSD technical analysis

XAUUSD quotes continue their confident upward momentum, setting a new all-time high at 3,086 USD today. The psychologically important 3,000 USD level now acts as key support within the trend.

Gold (XAUUSD) is strengthening, reaching a new all-time high of 3,086 USD.

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]

USDCAD: US business activity on the brink – what lies ahead for the market

Weakened business activity in Chicago and Dallas could trigger a fall in the USDCAD rate to 1.4260 following a correction. Discover more in our analysis for 31 March 2025.

USDCAD technical analysis

On the H4 chart, the USDCAD price formed an Inverted Hammer reversal pattern near the lower Bollinger band. At this stage, it continues its upward trajectory following the signal received. Since the price remains within a descending channel, a correction towards the nearest resistance level at 1.4360 is expected. If the price rebounds from this resistance, a downtrend may develop.

Weak US economic indicators, combined with USDCAD technical analysis, suggest that the pair may continue its downward trajectory once the correction is complete.

Read more - USDCAD 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: economic storm on 2 April – what will Lagarde and Trump say, and how will it hit the dollar

Speeches by the ECB head and the US President may boost the EURUSD pair to 1.0880. Find out more in our analysis for 2 April 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD price formed an Engulfing reversal pattern near the lower Bollinger band. At this stage, it continues its upward trajectory following the received signal. Since the pair remains within an ascending channel, the price could rise to the nearest resistance at 1.0880.

In anticipation of ECB President Lagarde’s speech and Trump’s remarks, combined with the EURUSD technical analysis, the forecast suggests a potential correction followed by growth towards the 1.0880 resistance level.

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]

Brent crude oil corrects, but downside risks remain

Brent prices are rising after bouncing off the 72.25 USD support level. Discover more in our analysis for 3 April 2025.

Brent technical analysis

Brent prices consolidated below the Moving Averages, indicating the dominance of sellers and increasing the likelihood of a continued downtrend. Prices are currently testing the 73.05 USD resistance level. Today’s Brent forecast suggests a rebound from this level and a move down towards 70.30 USD.

Brent quotes are recovering from the decline, but concerns over the global economic outlook and rising US crude inventories continue to weigh on the market.

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]

AUDUSD falls along with the rest: external backdrop leaves no options

The AUDUSD pair has fallen to 0.6232 as investors avoid risk. Find more details in our analysis for 4 April 2025.

AUDUSD technical analysis

On the H4 chart, the AUDUSD pair shows potential for a continued decline towards 0.6218, with an intermediate support level at 0.6225.

The AUDUSD pair has dropped significantly amid investors’ risk aversion and overall bearish market sentiment.

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]

USDCAD: monetary policy pivot – one report could change everything for the CAD

Following the release of the Bank of Canada's Business Outlook Survey, the USDCAD pair could continue its decline towards the 1.4150 support level. Discover more in our analysis for 7 April 2025.

USDCAD technical analysis

On the H4 chart, the USDCAD pair has formed a Hammer reversal pattern near the lower Bollinger band. At this stage, it continues to correct following the pattern signal. Since the price remains within the descending channel, a correction to the nearest resistance at 1.4265 is likely. A rebound from this level may open the door for further downside momentum.

The upcoming release of the Bank of Canada’s Business Outlook Survey and the CB Employment Trends Index could heighten volatility in the USDCAD pair.

Read more - USDCAD 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 crude oil – a pause before further decline?

Brent prices corrected to around 65.00 USD after falling to 62.50 USD on Monday. Today, market focus shifts to US crude oil inventory data from API. Discover more in our Brent analysis for 8 April 2025.

Brent technical analysis

Brent quotes corrected towards the 65.00 USD resistance level after the decline triggered by another escalation of the tariff war. The daily chart shows strong downward momentum. After the current correction, the decline may continue, with a key support level at 62.50 USD.

Brent crude recovered to the 65.00 USD area after a sharp drop, but the risk of further decline persists. During the American session, markets will closely monitor API US crude oil stock data.

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]

GBPUSD surges on US economic worries

The GBPUSD rate is correcting after rebounding from the 1.2855 resistance level. Find more details in our analysis for 9 April 2025.

GBPUSD technical analysis

The GBPUSD rate is rising despite persisting pressure from sellers. Today’s GBPUSD forecast suggests a continued upward correction, with the potential to reach 1.2945. The Stochastic Oscillator supports the bullish outlook, rebounding from the ascending support line, indicating buyers may be ready to push further.

The GBPUSD rate is strengthening amid trade risks and expectations of Federal Reserve rate cuts.

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]

Triangle on EURUSD: is the market ready for a breakout to 1.1175?

The EURUSD rate is strengthening, with buyers testing the 1.1000 resistance level. Find out more in our analysis for 10 April 2025.

EURUSD technical analysis

The EURUSD rate is consolidating within a Triangle pattern. Despite yesterday’s decline, the pair remains within an uptrend, as confirmed by the Moving Averages. Today’s EURUSD forecast suggests a bullish breakout above the Triangle’s upper boundary, targeting 1.1175.

The fundamental background supports the current EURUSD growth as markets price in Fed rate cuts amid tariff uncertainty and inflation expectations.

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]

Today is AUDUSD’s moment – sentiment slump does not stop the rally

Australia’s PCSI decline and a potential increase in the US PPI may become a trigger for the AUDUSD rate, with quotes likely to continue their ascent to 0.6260 after a correction. Discover more in our analysis for 11 April 2025.

AUDUSD technical analysis

Having tested the upper Bollinger band, the AUDUSD price has formed a Shooting Star reversal pattern on the H4 chart. It is initiating a corrective wave following the received signal. Given strong gains in recent trading sessions, the pair will likely continue its upward trajectory to the next resistance level at 0.6260.

Despite a dip in Australian consumer confidence to 49.30, fundamental drivers, including a potentially stronger US PPI, create a favourable backdrop for the AUDUSD pair.

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