Market Technical Analysis by RoboForex

[RBFX Support]

Brent quotes surged to a six-week high

Brent prices are correcting after a sharp rally, having reached a six-week high. The current quote stands at 72.05 USD. Find more details in our analysis for 31 July 2025.

Brent technical analysis

Brent continues to trade within an ascending channel, with prices firmly consolidating above the key 70.55 USD support level, indicating strong buyer pressure.

Brent quotes remain under pressure from geopolitical risks and the unexpected increase in US 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

[RBFX Support]

EURUSD takes a breather: news supports the US dollar

The EURUSD pair has paused around 1.1416 as the market continues to favour the US dollar. Discover more in our analysis for 1 August 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD pair consolidates near 1.1415, holding the local support level at 1.1399. After breaking below the 1.1550-1.1505 area in late July, the downward move accelerated, with recovery attempts remaining weak.

After a sharp drop, the EURUSD pair appears to have lost direction for the moment.

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

[RBFX Support]

USDCAD drops below 1.3800 after Nonfarm Payrolls data

The USDCAD rate reversed downwards and consolidated below 1.3800 following the release of weak US Nonfarm Payrolls data on Friday. Discover more in our analysis for 4 August 2025.

USDCAD technical analysis

On the H4 chart, the USDCAD pair is reversing down from the local daily high of 1.3880. The Alligator indicator is attempting to turn downwards, indicating a high probability of a continued downward movement.

The USDCAD pair reversed lower and dropped below 1.3800, as the US dollar came under pressure following the release of weak Nonfarm Payrolls data.

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

[RBFX Support]

Gold (XAUUSD) rises towards the 3,400 USD area

XAUUSD prices continue to strengthen, taking advantage of the weaker dollar after disappointing US Nonfarm Payrolls data. Find more details in our analysis for 5 August 2025.

XAUUSD technical analysis

XAUUSD prices are rising after reversing upwards from the daily low at 3,268 USD. The Alligator indicator has also turned upwards, suggesting the possibility of continued upward movement after a brief correction.

Gold has surged towards the 3,400 USD area amid dollar weakness following disappointing US labour market statistics.

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

[RBFX Support]

USDJPY: wage data and Bank of Japan pull the yen down

The USDJPY pair has declined, albeit temporarily. The Bank of Japan still has no room to raise interest rates. Find out more in our analysis for 6 August 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair stabilised around 147.38 following a sharp pullback from a high above 150. The pair is now trading within a narrow range between the 146.61 support level and the 147.83 resistance level.

Despite the yen's fundamental challenges, the USDJPY pair may come under pressure.

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

[RBFX Support]

OPEC+ production hike shock sends Brent prices down

After a prolonged decline, Brent quotes may correct towards the 68.50 USD area. Find more details in our analysis for 7 August 2025.

Brent technical analysis

Having tested the lower Bollinger Band, Brent prices formed a Hammer reversal pattern on the H4 chart. The market has partly reacted to this signal with a correction.

US tariffs continue to weigh on Brent prices, yet the potential for a return to the uptrend remains.

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

[RBFX Support]

EURUSD holds its breath: what will the ECB decide in September?

The USD continues to lose ground against the euro, and with the ECB’s upcoming decision, the EURUSD rate could soar towards 1.1750. Discover more in our analysis for 8 August 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD pair has formed a Shooting Star reversal pattern near the upper Bollinger Band. At this stage, the pair may continue a corrective wave in line with this signal. Considering the recent sharp rise in quotes, a pullback towards the nearest support level at 1.1580 is possible. A rebound from this support would open the way for a continued upward movement.

The appointment of Stephen Miran to the FOMC Board and expectations of Federal Reserve monetary policy easing weigh on the USD.

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

[RBFX Support]

USDCAD pulls lower as risk appetite expands

The USDCAD pair remains under pressure. The market is in a risk-on mood and unfazed by weak Canadian employment data. Find out more in our analysis for 11 August 2025.

USDCAD technical analysis

On the H4 chart, the USDCAD pair is trading at 1.3750 and remains within the 1.3720-1.3775 range. After climbing to 1.3880 in late July, quotes corrected and have mostly been moving sideways since early August.

With the USDCAD pair remaining in a sideways range, the market may choose one of two directions. 

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

Edited August 11 by RBFX Support

[RBFX Support]

Trade truce boosts market: Brent prices may regain ground

After a prolonged decline, Brent quotes may rise towards the 68.00 USD level. Find more details in our analysis for 12 August 2025.

Brent technical analysis

Having tested the lower Bollinger Band, Brent prices formed a Hammer reversal pattern on the H4 chart. At this stage, they are correcting following the signal. The Brent price forecast for 12 August 2025 suggests the 68.00 USD level as an upside target.

Along with the Brent technical analysis, the decline in US crude oil inventories supports a scenario of growth towards the 68.00 USD resistance level.

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

[RBFX Support]

GBPUSD on the rise: September Fed decision could trigger a breakout

Ahead of the Federal Reserve’s interest rate decision, the pound continues to strengthen against the USD, with the GBPUSD rate possibly reaching 1.3570. Discover more in our analysis for 13 August 2025.

GBPUSD technical analysis

Having tested the upper Bollinger Band, GBPUSD formed a Harami reversal pattern on the H4 chart. At this stage, the pair may develop a corrective wave following the signal from the pattern. Given that the price remains within a descending channel, the corrective wave could extend further.

The market is awaiting the Federal Reserve’s decision, while GBPUSD technical analysis suggests a correction towards the 1.3445 support level before further growth.

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

[RBFX Support]

Gold (XAUUSD) targets 3,380: Fed rate outlook supports prices

Gold (XAUUSD) prices have been rising for the third consecutive day, hovering near 3,359 USD. Investors are betting on Federal Reserve policy easing and awaiting Friday’s news. Discover more in our analysis for 14 August 2025.

XAUUSD technical analysis

On the H4 chart, XAUUSD quotes remain within the 3,330-3,380 range. After falling from the July peak of 3,439, prices hit a low of 3,267 at the end of the month, from which recovery began. In early August, gold broke above 3,330 and tested 3,408 but failed to consolidate higher.

Gold (XAUUSD) has shown solid growth and retains the potential to climb higher.

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

[RBFX Support]

USDJPY rises as all eyes remain on geopolitics

The USDJPY pair started the week climbing towards 147.50. Investors are awaiting signals from the Jackson Hole Symposium. Discover more in our analysis for 18 August 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair is trading near 147.40, holding within a narrow range after sharp moves in late July. The key support level lies around 146.20, the mid-August low. The resistance levels are 147.60 and 148.50, with a higher barrier at 150.95, where the market previously set a peak.

The USDJPY pair rises as investors favour a stronger US dollar.

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

[RBFX Support]

Brent surges upwards: correction may pave the way for a new price rally

Geopolitical risks and possible production increases are playing a tricky role with Brent quotes, which may rise to 68.00 USD. Discover more in our analysis for 19 August 2025.

Brent technical analysis

Having tested the lower Bollinger Band, Brent prices formed a Harami reversal pattern on the H4 chart. At this stage, prices are following the signal, moving higher. The Brent forecast for 19 August 2025 suggests a growth target of 68.00 USD.

The increase in oil production from September may reduce prices in the future, but for now, Brent technical analysis suggests growth towards the 68.00 USD resistance area.

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

[RBFX Support]

GBP awaits inflation, market assesses Bank of England policy outlook

The GBPUSD pair dropped to 1.3472. UK inflation data will provide more clarity on the BoE’s policy outlook. Discover more in our analysis for 20 August 2025.

GBPUSD technical analysis

The GBPUSD pair is correcting after recent growth, trading near 1.3472. Earlier, the pair failed to hold above 1.3565 and rolled back, coming under selling pressure. The nearest support level is at 1.3420, and a breakout could open the way towards 1.3340.

The GBPUSD pair is edging lower after recent gains.

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

[RBFX Support]

EURUSD holds steady ahead of Jerome Powell’s speech

The EURUSD rate is correcting within a sideways range as investors focus on Fed signals. The current quote is 1.1646. Discover more in our analysis for 21 August 2025.

EURUSD technical analysis

The EURUSD rate is hovering within a Wedge pattern. An attempt to break below the 1.1620 support level has so far failed, keeping chances alive for an upward impulse.

The EURUSD pair continues to consolidate, with further movement dependent on Fed signals and market sentiment regarding a rate cut.

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

[RBFX Support]

AUDUSD decline slows ahead of Powell’s speech

The AUDUSD rate continues to fall amid expectations of Fed Chair Jerome Powell’s speech, with the price currently at 0.6417. Find more details in our analysis for 22 August 2025.

AUDUSD technical analysis

The AUDUSD rate remains within a descending channel. Sellers consolidated below the 0.6440 level, which increases downside pressure on the pair and raises the likelihood of further bearish momentum.

The AUDUSD pair continues to fall, but reaching key support and rising business activity create conditions for possible short-term stabilisation

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

[RBFX Support]

USDCAD under pressure: dovish Fed and strong CAD weigh on USD

US monetary policy easing supports the CAD. After completing its correction, the USDCAD pair may decline towards the 1.3770 support level. Discover more in our analysis for 25 August 2025.

USDCAD technical analysis

On the H4 chart, the USDCAD pair formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, the pair is building a corrective wave based on this signal. Since quotes remain within an ascending channel, a rebound towards the nearest resistance level at 1.3860 is possible.

US fundamentals remain unfavourable for the USD. USDCAD technical analysis suggests a decline after the correction.

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

[RBFX Support]

Double Top pattern increases downside risk for USDJPY

The USDJPY rate shows moderate growth, but ongoing expectations of BoJ tightening may intensify pressure on the US dollar. The current quote is 147.73. Discover more in our analysis for 26 August 2025.

USDJPY technical analysis

The USDJPY rate is retreating from a strong resistance level at 148.00 while staying within the ascending channel. The current dynamics point to a high probability of a correction towards the channel’s lower boundary at 146.70.

The current USDJPY fundamentals reflect continued pressure on the US dollar and short-term downside risks.

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