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Market Technical Analysis by RoboForex


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Brent prices are falling: external pressure is too great

Brent prices plunged to 76.55 USD, with US oil inventories increasing again. Find out more in our analysis for 30 January 2025.

Brent technical analysis

Prerequisites for the extension of the selling wave to 74.62 are forming on the Brent H4 chart. After testing this level, the market may turn to 75.30, but additional conditions are needed to move to a more ambitious target of 78.64.

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Brent prices are falling, without halting this movement yet. 

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

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EURUSD falls rapidly: the market fears tough US tariffs

The EURUSD pair declined to 1.0384 on Friday. Investors are concerned about the growing risk of trade wars. Discover more in our analysis for 31 January 2025.

EURUSD technical analysis

On the EURUSD H4 chart, the situation is moderately negative. Sales may extend to the 1.0371 level and continue further to 1.0341. Things will stabilise if the EURUSD pair returns to 1.0465. However, there are no opportunities for this movement yet.

eurusd-2025-01-31.thumb.png.32599d4bb5cbe06876a8431f75081252.png

Although the EURUSD pair is declining, it closes January with 0.34% gains.

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

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USDJPY rises: the US dollar is in demand due to higher risks

The USDJPY pair rose to 155.50 at the beginning of the week. The US imposed trade tariffs on its major partners. Find out more in our analysis for 3 February 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair is gaining local upward momentum to the first crucial target of 155.91. If buyers find a foothold above this level, the next upside target will be 156.38, with the subsequent crucial target at 156.74.

usdjpy-2025-02-03.thumb.png.187a99c335eb5abd8b585aece0433c00.png

The USDJPY pair is rising rapidly on Monday. The market is massively risk-averse as the US launched a new round of trade wars.

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

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Gold (XAUUSD) rises again: new highs are likely

Gold (XAUUSD) prices rose to 2,822 USD, with global demand for safe-haven assets increasing. Find out more in our analysis for 4 February 2025.

XAUUSD technical analysis

On the H4 chart, XAUUSD quotes are highly likely to rise to 2,830 USD. A breakout above this level will pave the way to the 2,845 and 2,865 USD levels. If the market sentiment changes, a correction could push prices to a significant support level at 2,764 USD, which may restrain selling pressures.

xauusd-2025-02-04.thumb.png.182f27f557e2eea4c137c8d23a96fd92.png

Gold (XAUUSD) prices are rising, with the rally likely to continue.

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

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USDJPY: the pair declines ahead of the US ADP employment data

The USDJPY rate fell below 154.00 on Wednesday amid rising wages in Japan. Today, the market will focus on the US ADP employment statistics. Find out more in our analysis for 5 February 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair is undergoing a downward correction after the previous growth. The pair is trading in a descending price channel, with the price approaching its lower boundary. The key support level is currently at 152.50.

usdjpy-2025-02-05-ez.thumb.jpg.45f2c967afd152104e8cd57717aede37.jpg

The USDJPY rate plunged to the area around 153.00, driven by Japan’s positive economic statistics.

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

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EURUSD halted growth: it can only be a pause

The EURUSD pair is consolidating around 1.0390. Investors need strength ahead of new US labour sector releases. Find more details in our analysis for 6 February 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD pair could test 1.0371 and then 1.0351 as part of a corrective decline. If the price fails to break below both support levels, the market could resume buying, with the target at 1.0440.

eurusd-2025-02-06.thumb.png.064003d5fdf3047d66fadc69729efe67.png

The EURUSD pair has been rising since the beginning of the week but halted its growth on Thursday.

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

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AUDUSD: the pair rises moderately ahead of Nonfarm Payrolls data

The AUDUSD rate is gradually strengthening this week, rising to the price area around 0.6300. The market will focus on the US employment statistics today. Discover more in our analysis for 7 February 2025.

AUDUSD technical analysis

On the H4 chart, the AUDUSD pair is undergoing an upward correction after finding support from buyers at 0.6100 this week. The price is now consolidating near a strong resistance area between 0.6300 and 0.6330. The US labour market data could drive further price movements.

audusd-2025-02-07.thumb.png.a563b87339245c074f1bb5aa1e044f23.png

The AUDUSD pair is undergoing an upward correction, rising to 0.6300.

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

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Gold (XAUUSD) may set another record: the target is 2,900 USD

Gold (XAUUSD) quotes rose to 2,878 USD on Monday as the world needs safe-haven assets. Find out more in our analysis for 10 February 2025.

XAUUSD technical analysis

On the H4 chart, XAUUSD has grounds for maintaining its upward momentum, with the target at 2,887 USD. To achieve 2,900 USD, the market should consolidate above 2,890 USD.

If this does not happen, the market interest will shift to selling, with the target at the 2,830 USD support level.

xauusd-2025-02-10.thumb.png.c036a295da0da5a4d31718db975b7ca9.png

Gold (XAUUSD) prices are rising rapidly, bolstered by interest in safe-haven assets and the growing risk of global trade implications due to the US stance.

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

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Brent attempts to rise: oil benefits from lower supply

Brent prices rose to 76.25 USD. The news flow is attracting attention. Find out more in our analysis for 11 February 2025.

Brent technical analysis

The Brent H4 chart shows a scenario, where prices could climb to 77.03. This will become possible if the market consolidates above 76.10.

If corrective trends are stronger, significant support levels are at 75.29 and 74.62 USD.

brent-2025-02-11.thumb.png.1dcdb720e54578e0449d617adbdde1a7.png

Brent prices maintain their upward momentum on Tuesday after rising by 1.6% on Monday.

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

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GBPUSD: the British pound continues to strengthen

Amid the Fed chair’s speech, the GBPUSD forecast for today appears rather optimistic for the pound, with the price likely to continue its ascent towards 1.2550. Discover more in our analysis for 12 February 2025.

GBPUSD technical analysis

Having tested the lower Bollinger band, the GBPUSD price has formed a Hammer reversal pattern on the H4 chart. At this stage, it maintains its upward momentum following the signal received.

gbpusd-2025-02-12.thumb.png.dabdcada190c5da60d664be5ea9ea4f5.png

Along with the GBPUSD technical analysis, Powell’s speech suggests further growth to the 1.2550 resistance level.

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

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USDJPY rose and stopped: time needed to process data

The USDJPY pair is hovering at 154.16 on Thursday as investors change their views on the Federal Reserve’s future interest rate. Find more details in our analysis for 13 February 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair has the potential to extend an upward wave towards 154.98.

At the same time, the odds of a correction are increasing, with the first target at 153.75 and the next at 153.26.

usdjpy-2025-02-13.png.40a8adc6342b3d95f0deea147af64955.png

The USDJPY pair reached a weekly peak and has stopped for now.

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

Edited by RBFX Support
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RBA rate cut expectations curb AUDUSD growth

The AUDUSD rate is rising for the second consecutive day, with the price currently at 0.6331. Discover more in our analysis for 14 February 2025.

AUDUSD technical analysis

The AUDUSD rate is moving above the EMA-65 line, reinforcing the bullish scenario. The Stochastic Oscillator has reached the overbought area. However, a rebound from the bullish trendline indicates the potential for further growth.

audusd-2025-02-14.thumb.png.6d44222838a6ef226fb5eb5389160f1a.png

Despite the weakening of the US dollar amid Trump’s decisions, the expected RBA rate cut increases the chances of further strengthening of the Australian dollar. 

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

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USDCAD continues to plummet: there are new targets for sales

The USDCAD pair is hovering around 1.4169 on Monday. Investors have increasingly less faith in Trump’s threats. Find more details in our analysis for 17 February 2025.

USDCAD technical analysis

On the USDCAD H4 chart, the nearest target for a decline remains at 1.4151. The intermediate support level below it is 1.4140, with the next at 1.4125.

usdcad-2025-02-17.thumb.png.06571934093ee52b2512cc1e7555c54e.png

The USDCAD pair has fallen to a two-month low and may plunge even lower as the threat of trade implications between the US and Canada has dimished.

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

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EURUSD is in positive territory: the market is not afraid of risks and is positive

The EURUSD pair stabilises around 1.0456 on Tuesday as investors take a pause ahead of the Federal Reserve minutes. Find out more in our analysis for 18 February 2025.

EURUSD technical analysis

The EURUSD H4 chart shows the possibility of a local correction towards 1.0444. A breakout below this level will open the way towards 1.0418.

eurusd-2025-02-18.thumb.png.f3708ae1843d94b8ef89da75487def51.png

The EURUSD pair remains around two-month highs but is on hold now in anticipation of the Federal Reserve 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

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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.

gbpusd-2025-02-19.thumb.png.5f69c45a0ce4ea656013fe78aa7df8fb.png

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

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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.

eurusd-2025-02-20.thumb.png.f5124602b808614b6c86af961dd9bcd6.png

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

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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.

audusd-2025-02-21.thumb.png.1ea108d3137c91e6cc486843909cc3f0.png

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

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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.

usdcad-2025-02-24.thumb.png.f607a787cf515f6795af5f906551a4ed.png

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

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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.

usdjpy-2025-02-25.thumb.png.45ca914baa37f11eedf34d154c184d02.png

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

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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.

xauusd-2025-02-26.thumb.png.c6a4cbe5a35670d893fdeb80d402a456.png

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

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