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Market Technical Analysis by RoboForex


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EURUSD awaits news: no one takes risks ahead of the Fed meeting

The EURUSD pair remains stable at around 1.0510 on Tuesday. The market seeks signals from the Federal Reserve. Find out more in our analysis for 17 December 2024.

EURUSD technical analysis

The EURUSD H4 chart shows the market has completed a corrective structure, reaching 1.0533. Today, 17 December 2024, a new downward wave may develop, aiming for 1.0420.

eurusd-2024-12-17.thumb.png.212534a78cdc447b21dcc84819406367.png

The EURUSD pair shows little movement ahead of the Federal Reserve meeting.

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 declines ahead of the Fed’s interest rate decision

The GBPUSD rate has corrected towards 1.2700 today after reaching a weekly high of 1.2730, with market participants anticipating the outcome of the US Federal Reserve meeting. Discover more in our analysis for 18 December 2024.

GBPUSD technical analysis

On the H4 chart, the GBPUSD pair shows local upward momentum after bouncing from the 1.2615 support level on Monday. The alligator indicator signals growth.

gbpusd-2024-12-18.thumb.png.d5bb479c7b644da419ddd3346ec1c6e4.png

The GBPUSD pair is moderately correcting downwards after reaching a local weekly high of 1.2730.

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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Gold (XAUUSD): the asset is consolidating ahead of a rise

A potential rise in US inflation expectations offers hope for Gold to climb to 2,648. Discover more in our analysis for 20 December 2024.

XAUUSD technical analysis

On the XAUUSD H4 chart, prices formed a hammer reversal pattern after testing the Bollinger band’s lower line. They continue their ascent at this stage, following a reversal pattern signal. This trend could develop further since the quotes are moving within an ascending channel.

xauusd-2024-12-20.thumb.png.28afc7bd63d79841eb42578d626eb51f.png

Possible US inflation growth, combined with XAUUSD technical analysis, suggests that prices could rise to 2,648 USD after a 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

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