Market Technical Analysis by RoboForex

Brent crude prices fluctuate between hope for peace and the harsh reality of shortages

Brent prices remain in a narrow range while waiting for news on the resolution of the Middle East conflict. Brent quotes are trading around 92.50 USD. Discover more in our analysis for 16 April 2026.

Technical outlook

On the H4 chart, Brent prices formed an Inverted Hammer reversal pattern near the lower Bollinger Band. At this stage, as the signal plays out, quotes may form an upward wave, with the 101.75 USD resistance level as the upside target.

Oil prices remain hostage to the White House administration, with their future course depending on the outcome of the negotiations between Iran and 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

Modest employment data fails to deter bulls: AUDUSD continues to rise

After approaching the March highs, the AUDUSD pair is forming a correction following the release of Australian employment data. At the moment, the price is testing the 0.7165 level. Discover more in our analysis for 17 April 2026.

Technical outlook

On the H4 chart, the AUDUSD pair formed a Hammer reversal pattern while pulling back near the middle Bollinger Band. At this stage, quotes remain within an ascending channel and continue to form an upward wave following the signal, with the potential upside target at the 0.7225 resistance level.

The AUDUSD rate moved very close to the 0.7200 level, which it failed to break amid Australian employment 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

Risk aversion or high oil prices: what will prevail in USDCAD

After declining, the USDCAD pair is forming a pullback while waiting for data from Canada. Quotes are trading around 1.3680. Find out more in our analysis for 20 April 2026.

Technical outlook

On the H4 chart, the USDCAD pair formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, after the correction, it may continue the upward wave following this signal. Since quotes are within an ascending channel, growth towards the nearest resistance level at 1.3750 may be expected.

The USDCAD pair remains under the influence of geopolitics and oil prices, which are supporting the CAD.

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

EURUSD on the edge of a sharp move: who will win – diplomacy or geopolitics

After rising, the EURUSD rate is forming a correction and remains under pressure from the Middle East conflict. EURUSD quotes are hovering around 1.1775. Find out more in our analysis for 21 April 2026.

Technical outlook

On the H4 chart, the EURUSD pair formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, quotes may continue their upward movement following this signal. Since they remain within an ascending channel, the 1.1870 resistance level may act as the upside target.

The conflict in the Middle East remains the main trigger for the EURUSD rate.

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

XAUUSD in a trap: a ceasefire or failed negotiations will decide gold’s fate

After a sharp decline, XAUUSD quotes are attempting to regain lost ground and are currently testing the 4,750 USD level. Discover more in our analysis for 22 April 2026

Technical outlook

On the H4 chart, XAUUSD has formed a Hammer reversal pattern near the lower Bollinger Band and could continue its upward momentum following the pattern’s signal. Since XAUUSD prices remain within an ascending channel, the 4,970 USD resistance level may act as the upside target.

Gold prices are not rising due to a combination of external factors and geopolitical tensions in the Middle East.

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 at the start of a new price rally

Geopolitics continues to push Brent quotes higher and unsettle economies. At this stage, prices are testing the 97.00 USD level. Discover more in our analysis for 23 April 2026.

Technical outlook

On the H4 chart, Brent prices formed a Hammer reversal pattern near the middle Bollinger Band. At this stage, quotes may continue their upward wave following the signal, with the upside target at the 112.45 USD resistance level.

The conflict in the Middle East continues to drive Brent prices higher.

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 is losing ground: geopolitics and a strong dollar are doing their job

The AUDUSD pair continues to decline amid geopolitical risks, with the price currently testing the 0.7120 level. Find out more in our analysis for 24 April 2026.

Technical outlook

On the H4 chart, the AUDUSD pair formed a Hammer reversal pattern while pulling back near the lower Bollinger Band. At this stage, quotes remain within an ascending channel and continue to form a corrective wave.

Ahead of the weekend, the AUD continues to lose ground against the 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

USDCAD frozen before the storm: the market is waiting for a single signal to break loose

Rising oil prices continue to support the CAD, with the USDCAD rate testing the 1.3660 level. Discover more in our analysis for 27 April 2026.

Technical outlook

On the H4 chart, the USDCAD pair formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, following the correction, it may continue the upward wave as the signal plays out.

The market is awaiting the release of US inflation (PCE) data, which will bring some clarity to the Fed’s future decisions.

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

Brent stabilises after a volatile start to the week, but the key developments still lie ahead

Brent is in a strong position at 102.56 USD, with negotiations continuing, while the risk premium remains high. Find out more in our analysis for 28 April 2026.

Technical outlook

The Brent H4 chart shows that after a sharp fall to the area below 90, the market reversed and moved into a confident recovery. A series of higher lows and higher highs has formed, indicating upward momentum.

Brent prices continue to rise as the conflict in the Middle East continues.

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 under pressure: what will the Bank of England decide?

The GBPUSD pair is pulling back to 1.3512 midweek, with investors conserving energy ahead of the BoE meeting. Find more details in our analysis for 29 April 2026.

Technical outlook

The GBPUSD H4 chart shows that after a strong upward momentum from below 1.3400, the pair moved into the 1.3500–1.3600 zone, where the move slowed noticeably. Local resistance formed near 1.3590, and the market has rebounded downwards from this level several times.

The GBPUSD pair is retreating slightly, but it will conserve energy until the Bank of England’s decision on Thursday.

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

USDJPY at its peak: the market ignores central bank signals

The USDJPY pair rose to 160.59, with the price likely to reach a nearly two-year high again. Discover more in our analysis for 30 April 2026.

Technical outlook

The USDJPY H4 chart shows that after a prolonged sideways phase in the range of roughly 158.90–159.80, the pair broke upwards and moved into sustained growth. The latest candlesticks are forming a series of higher lows and highs, indicating stronger upward momentum.

The USDJPY pair is rising quickly.

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 on hold: what comes next

The EURUSD pair is holding at 1.1734, with everyone conserving strength without fresh news. Discover more in our analysis for 4 May 2026.

Technical outlook

The EURUSD H4 chart shows that after growth towards the 1.1800–1.1850 zone, the market formed a local high and entered a correction phase. The decline developed gradually, without sharp impulses, with lower highs forming, indicating weakening upward momentum.

The EURUSD pair is in a consolidation phase after last week’s sharp moves.

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

Tension rises in gold (XAUUSD) as inflation makes itself felt again

Gold (XAUUSD) prices held at 4,541 USD, with the surge in tensions in the Middle East shifting sentiment again. Discover more in our analysis for 5 May 2026.

Technical outlook

The XAUUSD H4 chart shows that after local growth in the middle of the period, prices formed a high and began a steady decline. The downward move developed consistently, with lower highs and lower lows forming, indicating the consolidation of the downtrend.

Gold prices have stopped falling, but the outlook remains worrying.

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

The pound is holding steady, but risks are increasing

The GBPUSD pair rose to 1.3567 and then paused. The main intrigue lies in the local UK elections. Find out more in our analysis for 6 May 2026.

Technical outlook

The GBPUSD H4 chart shows that after a confident rise from the area below 1.3400, the pair moved into the 1.3500–1.3650 range, where the movement gradually slowed. An attempt to consolidate above 1.3600 resulted in a local high near 1.3650, but the market failed to develop further upward momentum and retreated.

The GBPUSD pair looks fairly solid, but risks for the pound remain.

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 caught between diplomacy and chaos, the market braces for a sharp move

Following statements from the White House, Brent prices plummeted and are now attempting to recover, hovering near 98.20 USD. Find out more in our analysis for 7 May 2026.

Technical outlook

On the H4 chart, Brent prices formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, following the received signal, Brent quotes may form an upward wave, with the first upside target at the 101.80 USD resistance level.

Contradictory statements from the White House and from the US President continue to exert mixed pressure on Brent quotes.

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

USDJPY on the verge of another surge, Nonfarm Payrolls will decide everything

The USDJPY forecast for today appears optimistic for the yen, with the Nonfarm Payrolls release expected to indicate the direction of movement. The rate currently stands at 156.80. Find more details in our analysis for 8 May 2026.

Technical outlook

On the H4 chart, the USDJPY pair has formed a Hanging Man reversal pattern near the middle Bollinger Band and is trading around 156.80. Since the price remains within an ascending channel, it could form a downward wave following the pattern signal, with the target for the correction in this case being 156.00.

The yen is awaiting the release of US employment data, which could provide further insight into the Federal Reserve's future interest rate decisions.

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 weekly forecast: geopolitics and data in focus

The EURUSD pair begins the week of 11–15 May near 1.1735 and appears subdued after a corrective rebound. Demand for safe-haven assets is supported by geopolitical factors, but without a pronounced imbalance.

Technical outlook

The EURUSD daily chart shows that the market has been in a steady uptrend since the end of 2025 and reached a local peak around 1.2000–1.2100 in January. This was followed by a reversal and a gradual decline, which evolved into a broader correction.

The EURUSD pair ended the week around 1.1735.

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

XAUUSD on hold, US CPI will determine the direction

After reaching new May highs, XAUUSD prices are forming a correction and awaiting the US CPI release. Quotes currently stand at 4,715 USD. Discover more in our analysis for 12 May 2026.

Technical outlook

On the H4 chart, XAUUSD prices formed a Shooting Star reversal pattern near the upper Bollinger Band. As the pattern signal plays out, quotes may form a corrective wave. Since XAUUSD prices remain within an ascending channel, the 4,650 USD support level could be the downside target.

Gold remains under the influence of geopolitical risks and US inflation.

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 is holding near the 157.85 resistance level

The USDJPY rate maintains a steady upward momentum amid strong US inflation and lower expectations of Fed policy easing, currently standing at 157.72. Discover more in our analysis for 13 May 2026.

Technical outlook

The USDJPY pair is correcting while forming a Triangle pattern. Despite the current range-bound movement, the currency pair maintains aggressive bullish momentum.

The USDJPY future trajectory will depend on whether buyers can hold above the 157.85 resistance level.

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 awaits the outcome of the Beijing summit

Following a rise, Brent quotes declined to the 103.00 USD area and froze ahead of the outcome of the talks between the US President and the President of China. Find out more in our analysis for 14 May 2026.

Technical outlook

On the H4 chart, Brent prices formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, Brent quotes may continue their upward wave following the pattern signal, with the first upside target at the 108.45 resistance level.

Brent crude oil is awaiting the outcome of the Beijing talks on the Middle East conflict.

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