Market Technical Analysis by RoboForex

Fed under fire — USDCAD tumbles amid policy chaos

USDCAD is falling sharply, with the pair trading at 1.3791. Full breakdown in our forecast for 21 April 2025.

USDCAD technical analysis

USDCAD is breaking lower after falling through the 1.3825 support level. Today’s outlook anticipates a short-lived corrective pullback toward the upper boundary of the descending channel, followed by a move down toward 1.3735.

The outlook for USDCAD remains bearish as political instability in the US and tariff uncertainty continue to erode confidence in the dollar.

Read more - USDCAD Forecast

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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.

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The RoboForex Team

Gold (XAUUSD) in focus, Harker’s speech could trigger a golden wave

An upcoming speech by a FOMC member may boost XAUUSD quotes further to 3,555 USD. Discover more in our analysis for 22 April 2025.

XAUUSD technical analysis

On the H4 chart, XAUUSD prices have formed a Hammer reversal pattern near the middle Bollinger band. The price is now building a bullish wave in response to that signal. The uptrend will likely continue as XAUUSD quotes have broken above the ascending channel. The immediate upside target could be the 3,555 USD resistance level.

Amid the FOMC member’s speech, today’s outlook for XAUUSD remains bullish, with technical analysis suggesting continued upward momentum after a minor 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

EURUSD loses bullish momentum: US dollar regains the lead

The EURUSD pair declined to 1.1378. The White House made efforts to calm investors. Find more details in our analysis for 23 April 2025.

EURUSD technical analysis

The EURUSD H4 chart shows a possible corrective wave developing towards 1.1303. After this decline, the market is expected to resume growth, aiming for 1.1425 and then 1.1504.

The EURUSD pair has reached another three-year high before entering a 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

USDJPY may come under pressure: yen to regain its role as a safe-haven asset

The USDJPY pair is hovering near 142.76 on Thursday. The market is once again seeking safe-haven assets, which supports the yen. Find out more in our analysis for 24 April 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair shows potential for a decline towards 142.00 from the current 142.75.

Strategically, the pair may form a sideways channel between 139.88 and 143.59.

After two strong sessions, the USDJPY pair began to 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

EURUSD retreats into correction; will the decline continue?

The EURUSD pair sharply entered a corrective phase after hitting 1.1573. A reversal pattern may form on the chart. Find more details in our analysis for 25 April 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD rate is undergoing a bearish correction after reaching a yearly high of 1.1573. A Head and Shoulders reversal pattern could form if the price consolidates below 1.1300. In this scenario, the next downside target will be the 1.1150 support level.

The EURUSD pair has entered a downward correction after reaching its yearly high of 1.1573.

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

USDCAD: sideways movement for now, but further decline expected

The USDCAD pair is hovering around 1.3863. The market is assessing the prospects of easing US-China trade tensions and closely following the Canadian elections. Discover more in our analysis for 28 April 2025.

USDCAD technical analysis

On the USDCAD H4 chart, the sideways range is limited by the 1.3780 and 1.3907 levels. A breakout above the upper boundary could trigger a corrective move towards 1.3977.

The USDCAD pair has temporarily halted its decline but retains a bearish outlook.

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

Gold (XAUUSD) retreats into correction; will the decline continue?

XAUUSD quotes have entered a correction after hitting an all-time high of 3,500 USD. The US dollar is finding support amid easing trade tensions. Discover more in our analysis for 29 April 2025.

XAUUSD technical analysis

Gold is undergoing a downward correction within a broader uptrend after rebounding from the record high of 3,500 USD. The quotes are currently trading around the key support level at 3,270 USD. A breakout below this level could lead to the formation of a Triangle pattern and a further decline towards 3,200 USD.

XAUUSD prices are undergoing a downward correction amid easing trade tensions.

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

US and EU GDPs collapse, what is next for EURUSD

A decline in US GDP could offer the euro an opportunity to strengthen, pushing EURUSD quotes towards 1.1565. Discover more in our analysis for 30 April 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD pair has formed an Engulfing reversal pattern near the lower Bollinger band. The pair currently maintains its upward trajectory in response to this signal. Since the price remains within an ascending channel, further growth towards the nearest resistance at 1.1565 is expected. A breakout above this level would open the path for continued bullish momentum.

Amid weakening US economic data, today's EURUSD forecast is rather optimistic.

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

Shock to the market: why weak PMI could crash USDJPY

A decline in the US services PMI could trigger a further correction in the USDJPY rate towards the 143.31 support level. Find out more in our analysis for 5 May 2025.

USDJPY technical analysis

Having tested the upper Bollinger band, the USDJPY price has formed a Hanging Man reversal pattern on the H4 chart. At this stage, it continues to form a corrective wave following the pattern signal. Since the pair continues to decline within a descending channel, it could reach the 143.31 level.

Weakening US economic data could drive USDJPY lower.

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

Brent rebounds slightly, but the sell-off is not over yet

Brent oil has recovered to 61.17 USD. The sharp two-day drop has paused. Discover more in our analysis for 6 May 2025.

Brent technical analysis

On the H4 chart, Brent prices have rebounded from a local low of 58.72 and moved up towards 61.00. For the bounce to transition into a sustained reversal, prices must consolidate above 62.11. This would pave the way for further gains towards 62.63.

Brent prices have recovered after a steep drop, but still trade near four-year lows.

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

GBPUSD on the brink: weak PMI and US rate expectations could shake the market

The upcoming Federal Reserve rate decision could propel the GBPUSD pair towards 1.3440. Discover more in our analysis for 7 May 2025.

GBPUSD technical analysis

Having tested the upper Bollinger Band, the GBPUSD price has formed a Harami reversal pattern on the H4 chart. It is now developing a corrective wave following the received signal. Since the pair remains within an ascending channel, and given today’s fundamental data from both the US and UK, the bullish wave will likely develop following a correction.

Alongside the GBPUSD technical analysis, a weaker UK construction PMI and the upcoming Federal Reserve rate decision suggest growth to 1.3440 after a correction.

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

Japan’s economy under pressure, USDJPY poised to surge

The downward revision of Japan’s GDP forecast may propel the USDJPY pair towards the 149.50 level. Discover more in our analysis for 13 May 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY price tested the upper Bollinger Band and formed a Hanging Man reversal pattern, hovering around 147.60. It may now form a corrective wave following the signal from the pattern. Since the price remains within an ascending channel, it could reach 146.80.

Coupled with the USDJPY technical analysis, the decline in Japan’s economic data suggests a correction towards 146.80 before growth.

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 under pressure: XAUUSD losing ground – is a reversal near?

Gold (XAUUSD) continues to retreat. Prices are moving towards the support zone at 3,160 USD. See our full analysis for 14 May 2025.

XAUUSD technical analysis

On the H4 chart, XAUUSD formed a bearish Engulfing pattern near the upper Bollinger Band. The price is now developing a downward wave within the longer-term upward channel, signalling a short-term correction.

The reduction in US-China tariffs has lifted the US dollar, placing short-term pressure on gold.

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

Brent prices fall: US increases reserves, what happens next

The rise in US crude oil inventories triggered a correction in Brent quotes, with prices possibly reaching the support level around 63 USD. Discover more in our analysis for 15 May 2025.

Brent technical analysis

Having tested the upper Bollinger band, Brent prices formed a Shooting Star reversal pattern on the H4 chart. Quotes currently continue their corrective wave as this pattern plays out.

The Brent price forecast currently favours the US dollar, with quotes continuing to decline amid expectations of an Iran-US deal.

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 reversed upwards – is the correction over?

The AUDUSD rate reversed to the upside, rising to 0.6450 amid weaker-than-expected US inflation. Discover more in our analysis for 16 May 2025.

AUDUSD technical analysis

The AUDUSD pair has reversed upwards on the H4 chart after rebounding from the 0.6400 support level. The Alligator indicator is also attempting to turn upwards, suggesting the downward correction may be ending. A Triangle pattern could form, with the potential for further growth towards the 0.6600 area.

The AUDUSD rate reversed to the upside, rising to the 0.6450 area as US inflation cooled.

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

Triangle on the chart, USDCAD poised for growth

The USDCAD rate continues its correction, staying within a narrow range for six consecutive sessions. The current price is 1.3967. Find out more in our analysis for 19 May 2025.

USDCAD technical analysis

The USDCAD rate remains within the Triangle pattern. Today’s USDCAD forecast suggests a breakout above the pattern’s upper boundary and continued growth towards 1.4095.

The US credit rating downgrade and weak economic data add to pressure on the US dollar.

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

Bullish momentum fades: technical analysis signals EURUSD decline

The EURUSD rate strengthens amid US dollar weakness following the country’s credit rating downgrade. The current price is 1.1257. Discover more in our analysis for 20 May 2025.

EURUSD technical analysis

The EURUSD rate is rising within the boundaries of a Wedge reversal pattern. Today’s EURUSD forecast anticipates a test of the pattern’s upper boundary, with a risk of reversal and potential decline towards 1.1055.

The euro continues to rise as the US dollar weakens following Moody’s downgrade and Fed rate cut 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

GBPUSD storms highs, rising prices boost bullish sentiment

The British pound continues to strengthen, with the GBPUSD rate soon likely to reach the 1.3500 level. Discover more in our analysis for 21 May 2025.

GBPUSD technical analysis

Having tested the lower Bollinger Band, the GBPUSD pair formed a Hammer reversal pattern on the H4 chart. The pair is now developing an upward wave in response to this signal. Since the GBPUSD pair remains within an ascending channel and given fundamental data from the UK and the US, the bullish wave is expected to continue.

Positive forecasts for the British pound, together with GBPUSD technical analysis, suggest growth towards the 1.3500 resistance area.

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

Brent declines as US crude oil inventories rise

Brent prices dropped to around 64.00 USD following the release of US crude oil inventory data from the EIA. Discover more in our analysis for 22 May 2025.

Brent technical analysis

On the H4 chart, Brent shows a downward correction following its recent rise. Prices are currently trading within a broad sideways range between 63.00 and 66.00 USD. The breakout direction from this range will determine the asset’s next move.

Brent quotes are falling following the EIA’s report of a 1.328 million barrel rise in US oil inventories.

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

Inflation surprise: yen strengthens, USDJPY declines

The yen continues to strengthen, pushing the USDJPY rate lower with a potential move towards 142.35. Find out more in our analysis for 23 May 2025.

USDJPY technical analysis

Having tested the upper Bollinger Band, the USDJPY price formed a Hanging Man reversal pattern on the H4 chart near the 143.40 level. The pair may now continue its downward wave based on that signal.

The increase in Japan's core CPI has strengthened the yen.

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