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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.

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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.

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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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