Market Technical Analysis by RoboForex

GBPUSD forecast: the pair awaits UK inflation data

The GBPUSD rate is consolidating around 1.2600, with market participants awaiting UK inflation statistics today. Discover more in our GBPUSD analysis for today, 19 February 2025.

GBPUSD technical analysis

On the H4 chart, the GBPUSD pair is experiencing a local upward momentum, rising to the price area above 1.2600. The Alligator indicator also confirms growth. However, the long-term trend is still downward, with the asset likely to continue to decline after the upward movement is completed.

The GBPUSD pair is consolidating around 1.2600.

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

EURUSD forecast: the pair fell to the 1.0400 support level

The EURUSD rate corrected towards 1.0400 amid the release of the US Federal Reserve’s January meeting minutes. Find out more in our analysis for 20 February 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD rate is undergoing a downward correction after rebounding from the 1.0500-1.0530 resistance area. The quotes have found support from buyers at 1.0400 and are now consolidating in the sideways trading range between 1.0200 and 1.0530.

The EURUSD pair fell to 1.0400 amid the release of the US Federal Reserve’s January meeting minutes.

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

AUDUSD rose to a ten-week high but the rally is not complete

The AUDUSD pair appears overpriced. The market believes the RBA will not lower interest rates rapidly. Discover more in our analysis for 21 February 2025.

AUDUSD technical analysis

On the H4 chart, the AUDUSD pair still has grounds to climb to 0.6408. If the market secures above this level, the next upside target could be 0.6420.

The AUDUSD pair rose and hit a two-month high amid expectations of the RBA keeping relatively high interest rates.

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

USDCAD forecast: the pair may continue to rise after consolidation

The Bank of Canada Deputy Governor’s speech may drive the USDCAD pair up to 1.4294. Discover more in our analysis for 24 February 2025.

USDCAD technical analysis

On the H4 chart, the USDCAD price formed a Hammer reversal pattern near the lower Bollinger band. At this stage, it attempts to rise following the signal received. The pair will likely climb to the nearest resistance level at 1.4294 as the price remains within the descending channel.

Along with the USDCAD technical analysis, the potential for improvement of US economic indicators suggests growth to 1.4294.

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

USDJPY is at a 12-week low: the sell-off is not over yet

The USDJPY pair is hovering around 149.70 on Tuesday. The market is expecting another rate hike by the Bank of Japan. Discover more in our analysis for 25 February 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair has grounds to move even lower to 148.83. At the same time, the pair is clearly going beyond the sideways trading channel between 148.83 and 150.95.

The USDJPY pair has fallen markedly recently, hovering now at a 12-week low.

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

Gold (XAUUSD) prices decline as the market locks in profits

Gold (XAUUSD) prices tumbled to 2,915 USD. It is nothing to worry about as the market is simply taking profits. Find more details in our analysis for 26 February 2025.

XAUUSD technical analysis

On the H4 chart, XAUUSD prices could decline to 2,905 USD. There is an intermediary support level here, which could deter sellers. If the plan does not work out, the new selling target will be 2,887 USD.

Gold halted its ascent as the market locked in profits after the previous upward wave.

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

USDJPY forecast: the pair is trading near the daily support level at 148.60

The USDJPY rate remains under pressure, falling to the 148.60-149.00 support area. Market participants are awaiting US GDP statistics today. Discover more in our analysis for 27 February 2025.

USDJPY technical analysis

The USDJPY H4 chart shows a steady downtrend, which is confirmed by the Alligator indicator. The pair is trading in a descending price channel, with the price currently hovering at its lower boundary. The key support level is at 148.60.

The USDJPY pair fell to a three-month low in the 148.60-149.00 support area.

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

AUDUSD forecast: the Australian dollar continues to lose ground against the USD

The US dollar continues to strengthen amid US economic data, with the AUDUSD rate able to decline to 0.6170 in the near term. Discover more in our analysis for 28 February 2025.

AUDUSD technical analysis

Having tested the upper Bollinger band, the AUDUSD price has formed a Shooting Star reversal pattern on the H4 chart. At this stage, it continues to maintain its downward trajectory following the signal received. Since the quotes remain within the ascending channel, the price could decline to the nearest support level at 0.6170.

The Australian dollar continues to fall; the AUDUSD technical analysis suggests a further decline to the 0.6170 support level.

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

EURUSD forecast: the pair climbed to 1.0500 after inflation data

The EURUSD rate is rising, returning to 1.0500 amid slightly higher inflation in the eurozone in February. Discover more in our EURUSD analysis for 4 March 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD rate is moderately rising, reaching the 1.0500-1.0530 resistance area. Since the beginning of the year, the price has been consolidating in the sideways trading range between 1.0200 and 1.0530. The direction of the price movement out of the range will determine further prospects for the pair’s moves.

The EURUSD pair climbed to 1.0500 amid rising inflation in the eurozone in February.

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

GBPUSD continues to rise: the pound is not afraid of trade wars

The GBPUSD pair rose to 1.2794 on Wednesday, marking a new three-month high. Discover more in our analysis for 5 March 2025.

GBPUSD technical analysis

The GBPUSD pair successfully tested the 1.2800 level yesterday. Against this background, the focus shifts to 1.2900. If the market moves higher, we could say that the pair’s movement has turned into a trend and is no longer just a recovery.

The GBPUSD pair continues to rise steadily and hits three-month highs, driven by the UK stable and diverse trade turnover and its isolation from the US.

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

Gold (XAUUSD) forecast: quotes consolidated above 2,900 USD

XAUUSD prices are on the rise, surpassing the 2,900 USD level amid weaker-than-expected US ADP employment statistics. Find more details in our XAUUSD analysis for today, 6 March 2025.

XAUUSD technical analysis

On the daily chart, XAUUSD quotes are on a strong rise, reaching the 2,930 USD resistance level. The Alligator indicator is below the price chart and is moving upwards, confirming the bullish trend, with the pair likely to continue its ascent after some correction.

XAUUSD quotes are on the rise, having consolidated above 2,900 USD amid the introduction of US trade tariffs and weak ADP data.

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

USDCAD forecast: the market awaits the Canadian and US employment statistics today

The USDCAD rate is undergoing a downward correction, falling to the area around 1.4300. Today, the market will focus on employment statistics from Canada and the US. Discover more in our analysis for 7 March 2025.

USDCAD technical analysis

On the daily chart, the USDCAD pair is undergoing a correction within the uptrend; it formed an upward reversal from the 1.4150 support level last week. The quotes have now returned to 1.4300, while the Alligator indicator still confirms the uptrend.

The USDCAD pair is correcting, plunging to 1.4300.

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

USDJPY forecast: the yen continues to strengthen against the USD

Amid economic data from Japan and the US, the USDJPY rate may form a correction before declining to 146.80. Discover more in our analysis for 10 March 2025.

USDJPY technical analysis

Having tested the lower Bollinger band, the USDJPY price has formed a Hammer reversal pattern on the H4 chart. At this stage, it continues a corrective wave following the pattern signal. Since the quotes have rebounded from the support level and are now moving within a descending channel, they will likely pull back to the resistance level.

Amid the economic data from Japan, the USDJPY forecast appears optimistic for the yen, with the USDJPY technical analysis suggesting a correction towards 148.60 before a further decline.

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

Gold (XAUUSD) continues to strengthen after a correction

Active Gold purchases by central banks support Gold, potentially driving the quotes further up to the 2,940 USD level. Find more details in our XAUUSD analysis for today, 11 March 2025.

XAUUSD technical analysis

On the H4 chart, XAUUSD prices formed a Hammer reversal pattern near the lower Bollinger band. At this stage, they continue their upward trajectory following the signal from the pattern. The uptrend will likely continue as XAUUSD quotes are moving within the ascending channel. The upside target could be the 2,940 USD resistance level.

Along with the XAUUSD technical analysis, the decline in US economic indicators suggests a continuation of the uptrend, with the quotes potentially rising to 2,940 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

EURUSD is in a strong position thanks to Trump and Germany’s policies

The EURUSD pair is on the rise near 1.0900, but it may halt its growth due to the US statistics. Find out more in our analysis for 12 March 2025.

EURUSD technical analysis

The H4 chart shows that the EURUSD pair maintains its positive momentum, with the price likely to retest the 1.0947 level in the short term.

The EURUSD pair is poised for further growth if there are new triggers.

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

Brent prices consolidated above 70.00 USD

Brent prices show moderate growth, returning to the area above 70.00 USD after the release of the US inflation and oil inventories statistics. Find more details in our Brent analysis for today, 13 March 2025.

Brent technical analysis

Brent quotes are undergoing an upward correction, having consolidated above the psychologically important level of 70.00 USD. The Alligator indicator reversed upwards on the H4 chart, confirming the upward momentum. If quotes rise above the 71.00 USD resistance level, a Double Bottom bullish reversal pattern will form, with an upside target at 73.00 USD.

Oil prices rose above 70.00 USD amid easing inflation in the US.

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

AUDUSD remains under pressure despite improvements in the Australian economy

The AUDUSD pair is strengthening, with the price currently at 0.6292. Discover more in our analysis for 14 March 2025.

AUDUSD technical analysis

The AUDUSD pair remains under pressure, with a Triangle pattern currently forming. The AUDUSD forecast suggests a rebound from the 0.6310 resistance level, followed by a decline to 0.6235.

The AUDUSD rate remains under pressure due to trade risks and the Federal Reserve’s policy despite strong Australian economic data.

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

USDJPY forecast: will bulls take control or will bears crush 149.00?

The USDJPY rate is consolidating around 149.00; market participants are awaiting the Federal Reserve and Bank of Japan interest rate decisions this week. Discover more in our analysis for 17 March 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair is trading in a descending price channel, with the price currently undergoing a local upward correction after rebounding from its lower boundary. The local target for the upward correction is the 150.00 level, which coincides with the upper boundary of the price channel.

The USDJPY rate is undergoing an upward correction, returning to 149.00.

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

Gold (XAUUSD) soared above 3,000 USD, hitting a new all-time high

XAUUSD prices are showing rapid growth, rising above the 3,000 USD level. Today, the market is focused on the US industrial production statistics. Discover more in our XAUUSD analysis for today, 18 March 2025.

XAUUSD technical analysis

XAUUSD quotes continue to show a steady uptrend, reaching a new all-time high of 3,017 USD today. The key support level is currently at the psychologically important level of 3,000 USD.

Gold (XAUUSD) is strengthening, hitting another all-time high of 3,017 USD. The US industrial production data could add to asset volatility today.

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

EURUSD forecast: market shock – how the Fed decision and the eurozone’s CPI will change the EURUSD rate

The Federal Reserve interest rate change and the eurozone’s CPI data may trigger unpredictable fluctuations in the EURUSD rate, including growth to 1.1010. Find out more in our analysis for 19 March 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD pair formed a Harami reversal pattern near the upper Bollinger Band. At this stage, it continues a corrective wave following the received signal. Since the price is within the ascending channel, it could pull back to the nearest support at 1.0850. A rebound from this level may open the potential for a continued upward movement.

Coupled with the EURUSD technical analysis, the FOMC economic forecasts and the US interest rate decision suggest growth to 1.1010 after the correction is completed.

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