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