RBFX Support Posted October 18 Author Share Posted October 18 Gold (XAUUSD) surges, rising above 2,700 USD The XAUUSD price continues its upward rally, reaching a new all-time high of 2,714 USD today. The next growth target could be the 2,750 USD level. Our XAUUSD analysis for today, 18 October 2024, provides more details and insights. XAUUSD technical analysis Gold rises steadily within an uptrend after a bullish engulfing candlestick reversal pattern formed on the daily chart last week. The quotes are now trading around 2,705 USD, with strong upward momentum continuing. Gold (XAUUSD) prices continue their upward surge within the uptrend, reaching a new all-time high of 2,714 USD. 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 Link to comment Share on other sites More sharing options...
RBFX Support Posted Monday at 10:19 AM Author Share Posted Monday at 10:19 AM GBPUSD is poised to recover with a rebound The GBPUSD pair has halted its decline and is stabilising. The pound appears oversold. More details in our analysis for 21 October 2024. GBPUSD technical analysis The GBPUSD H4 chart shows that the market has completed a corrective wave, reaching 1.3070. A consolidation range is forming below this level today, 21 October 2024, with the potential to extend up to 1.3074. A decline and a breakout below the 1.3019 level will open the potential for further movement towards 1.2940, the first target. The GBPUSD pair has rebounded, taking advantage of the stabilising US dollar and market expectations. 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 Link to comment Share on other sites More sharing options...
RBFX Support Posted Tuesday at 09:17 AM Author Share Posted Tuesday at 09:17 AM USDCHF: the franc is under pressure due to easing inflation The USDCHF rate slightly declines on Tuesday. More details in our analysis for 22 October 2024. USDCHF technical analysis The USDCHF H4 chart shows that the market has formed a consolidation range around 0.8637. The price is expected to break above the upper boundary of this range and rise to 0.8717 today, 22 October 2024. The USDCHF rate remains under pressure amid expectations of policy easing by the Swiss National Bank and the strength of the US dollar. Read more - USDCHF 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 Link to comment Share on other sites More sharing options...
RBFX Support Posted yesterday at 10:08 AM Author Share Posted yesterday at 10:08 AM EURUSD reached a new local low as demand for the US dollar strengthens The EURUSD pair continues to decline as the market turns towards safe-haven assets. Find out more in our analysis for 23 October 2024. EURUSD technical analysis The EURUSD H4 chart shows that the market has completed a downward wave, reaching 1.0790. A correction towards 1.0825 (testing from below) could occur today, 23 October 2024. After the correction, the EURUSD rate is expected to decline to 1.0777, the first target. The EURUSD pair has reached a 2.5-month low and remains under pressure. 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 Link to comment Share on other sites More sharing options...
RBFX Support Posted 5 hours ago Author Share Posted 5 hours ago Silver (XAGUSD) prices correct downwards from the area around 35.00 USD XAGUSD prices are undergoing a downward correction after failing to break above the 35.00 USD level. The trend remains upward, with growth likely to continue. Find out more in our XAGUSD analysis for today, 24 October 2024. XAGUSD technical analysis XAGUSD quotes are currently undergoing a downward correction on the H4 chart, rebounding from the upper boundary of the ascending price channel. The price hit a new annual high of 34.86 USD. Once the correction is complete, further growth to the area above 35.00 USD can be expected. Silver (XAGUSD) prices are correcting downwards after reaching another annual high of 34.86 USD Read more - Silver 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 Link to comment Share on other sites More sharing options...
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