RBFX Support Posted November 18 Author Share Posted November 18 Gold (XAUUSD) reverses upwards, securing above 2,550 USD XAUUSD prices declined to 2,536 USD within a correction last week, where they encountered strong demand and formed a local upward reversal. More details in our XAUUSD analysis for today, 18 November 2024. XAUUSD technical analysis On the H4 chart, the XAUUSD pair is in a downward correction. Asset prices tumbled to 2,536 USD last week, where they encountered strong demand from buyers and reversed upwards. Gold (XAUUSD) quotes attempt to complete a correction and reverse upwards, securing above 2,550 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 November 19 Author Share Posted November 19 The Swiss franc stabilises: it is time for a correction The USDCHF pair has initiated a correction, moving away from a three-month high. Find out more in our analysis for 19 November 2024. USDCHF technical analysis The USDCHF H4 chart shows that the market has completed a correction towards 0.8825. A technical retest of the 0.8866 level is possible today, 19 November 2024. The market is expected to define the boundaries of a consolidation range. The USDCHF pair is undergoing a corrective decline following its recent surge. 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 November 20 Author Share Posted November 20 EURUSD: the euro continues to lose ground against the US dollar The ECB’s financial stability report and the ECB president’s speech could further weaken the euro. Discover more in our analysis for 20 November 2024. EURUSD technical analysis The EURUSD H4 chart indicates that the market has received support at the 1.0523 level and has continued its upward movement. The price is expected to reach 1.0610 today, 20 November 2024. The structure formed around the 1.0560 can be viewed as correcting the previous downward wave. The ECB president’s speech and other fundamental factors continue to weaken the euro. 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 November 21 Author Share Posted November 21 AUDUSD: the pair may continue to fall, having completed its correction Michele Bullock’s speech and increased US jobless claims may support the AUDUSD pair in forming a corrective wave. More details in our analysis for 21 November 2024. AUDUSD technical analysis The AUDUSD H4 chart shows that the market has formed a narrow consolidation range around 0.6491 and, breaking above it, corrected towards 0.6543. A corrective move to 0.6545 is possible today, 21 November 2024. With technical analysis for today’s AUDUSD forecast, negative US news suggests a potential correction towards 0.6545, followed by a decline to 0.6430. 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 Link to comment Share on other sites More sharing options...
RBFX Support Posted November 25 Author Share Posted November 25 GBPUSD: the pound is poised for a significant correction A speech by a member of the Bank of England’s Monetary Policy Committee and a decline in US economic indicators may help the British pound regain ground. Discover more in our analysis for 25 November 2024. GBPUSD technical analysis The GBPUSD H4 chart shows that the market has reached the local target of 1.2487. Today, 25 November 2024, a correction towards 1.2600 is possible, followed by a decline towards 1.2545. A new consolidation range may form around this level. An upward breakout could extend the correction towards 1.2660. A breakout below the range would open the potential for a downward wave towards 1.2470 and potentially further towards the local target of 1.2445. Coupled with technical analysis for today’s GBPUSD forecast, the speech by the Bank of England’s Monetary Policy Committee member could influence the pound’s value and enable a potential downward wave towards the 1.2545 level, followed by growth to the 1.2600 level. 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 November 26 Author Share Posted November 26 USDJPY: the yen continues its attempts to strengthen against the US dollar The decrease in Japan’s core CPI had a mixed effect on the USDJPY rate, with the pair continuing its correction. More details in our analysis for 26 November 2024. USDJPY technical analysis The USDJPY H4 chart indicates that the market has formed a narrow consolidation range above the 153.80 level. The price is expected to break below the range today, 26 November 2024, and extend the downward wave towards 152.88. The projected decline in new home sales offsets the potential increase in the CB US Consumer Confidence Index. 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 Link to comment Share on other sites More sharing options...
RBFX Support Posted November 27 Author Share Posted November 27 Gold (XAUUSD) has reversed upwards from 2,600 USD XAUUSD prices continue a moderate correction following last week’s surge. The quotes are now attempting to reverse upwards and continue their ascent. More details in our XAUUSD analysis for today, 27 November 2024. XAUUSD technical analysis On the H4 chart, the XAUUSD pair has corrected downwards from the 2,700-2,720 USD resistance area following last week’s steady upward movement. Yesterday, the quotes approached a strong support near the 2,600 USD level and rebounded upwards. XAUUSD quotes completed a downward correction and reversed upwards from 2,600 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 November 28 Author Share Posted November 28 The euro is in positive territory while the US dollar rests: US sentiment shifts before the long weekend The EURUSD pair is on the rise. Investors are evaluating the US GDP and core PCE data. Find out more in our analysis for 28 November 2024. EURUSD technical analysis The EURUSD H4 chart shows that the market has completed a growth wave towards 1.0587, the first target. The structure is expected to shift downward today, 28 November 2024, targeting 1.0460 and marking the boundaries of a consolidation range. The EURUSD pair has recovered from a local low, but heightened volatility is expected due to the US Thanksgiving long weekend. 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 November 29 Author Share Posted November 29 NZDUSD closes the week with gains as risk appetite emerges The NZDUSD pair rose to 0.5913 on Friday, signalling a recovery following market sell-offs. Find out more in our analysis for 29 November 2024. NZDUSD technical analysis The NZDUSD H4 chart shows that the market is progressing towards 0.5920, the local estimated target. This level could be reached today, 29 November 2024, before a potential decline to 0.5868 (testing from above). Subsequently, a new growth wave might start, aiming for 0.5939 as the first target. The NZDUSD pair ends the final week of November with notable gains. Read more - NZDUSD 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 December 2 Author Share Posted December 2 EURUSD: Trump’s statement supports US dollar gains The EURUSD rate is poised to test a key support level at 1.0495. Discover more in our analysis for 2 December 2024. EURUSD technical analysis The EURUSD H4 chart shows that the market has completed a growth wave, reaching 1.0596. A downward structure towards 1.0490 could develop today, 2 December 2024. Subsequently, the price might rise to 1.0530 before declining further to 1.0430. The EURUSD rate remains under pressure following Donald Trump’s statements on safeguarding the US dollar. 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 December 3 Author Share Posted December 3 USDCHF strengthens amid a decline in Switzerland’s PMI The USDCHF rate is advancing towards the 0.8905 resistance level. Discover more in our analysis for 3 December 2024. USDCHF technical analysis The USDCHF H4 chart shows that the market has completed a growth wave, reaching 0.8855. A consolidation range is forming around this level today, 3 December 2024. With an upward breakout, the growth wave could extend towards 0.8910, potentially continuing towards 0.8989. The USDCHF rate continues to strengthen amid expectations of robust US economic statistics and geopolitical risks stemming from Trump’s statements. 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 December 4 Author Share Posted December 4 Gold (XAUUSD) awaits US employment data XAUUSD prices are consolidating within a narrow range, close to 2,650 USD, as market participants await today’s ADP US employment statistics. Find out more in our XAUUSD analysis for today, 4 December 2024. XAUUSD technical analysis On the H4 chart, the XAUUSD pair has secured above 2,600 USD, with prices now hovering around 2,650 USD. If the correction is complete, the asset could continue its ascent to the all-time high of 2,790 USD within the long-term uptrend. Gold (XAUUSD) has gained a foothold above 2,600 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 December 5 Author Share Posted December 5 A slowdown in the US services sector supports EURUSD growth The EURUSD rate is approaching the crucial 1.0535 resistance level and poised to breach it. More details in our analysis for 5 December 2024. EURUSD technical analysis The EURUSD H4 chart shows that the market has completed a growth wave towards 1.0545, followed by a correction to 1.0500. A growth structure towards 1.0595 could develop today, 5 December 2024. Subsequently, the price may decline to 1.0550. Growth in the EURUSD rate is driven by expectations of Federal Reserve monetary policy easing, prompted by weaker US economic data, including a slowdown in the services sector. 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 December 6 Author Share Posted December 6 NZDUSD is under pressure: the market awaits US employment data The NZDUSD rate is declining, with sellers poised to test the 0.5845 support level. More details in our analysis for 6 December 2024. NZDUSD technical analysis The NZDUSD H4 chart shows that the market is forming a growth wave towards the local target of 0.5898. This level could be reached today, 6 December 2024, before a potential decline to 0.5860 (testing from above). The NZDUSD rate remains under pressure amid expectations of a further Reserve Bank of New Zealand interest rate cut. Read more - NZDUSD 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 December 9 Author Share Posted December 9 GBPUSD: the pound has the potential to strengthen against the US dollar David Ramsden’s speech may trigger a further decline in the GBPUSD rate to 1.2700. Find more details in our analysis for 9 December 2024. GBPUSD technical analysis The GBPUSD H4 chart shows that the market has reached the 1.2810 level. A wave towards 1.2630 might form today, 9 December 2024. The price tumbled to 1.2720 and could rise to 1.2760 before declining to 1.2670 and potentially continuing the wave to 1.2630, the first target. Alongside technical analysis for today’s GBPUSD forecast, Ramsden’s speech suggests a potential downward wave towards the 1.2700, 1.2670, and 1.2630 levels. 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 December 10 Author Share Posted December 10 USDCHF declines to 0.8780: the franc maintains the upper hand The USDCHF pair has been under selling pressure for the fifth consecutive trading session as the market assesses the situation regarding US trade duties. Find out more in our analysis for 10 December 2024. USDCHF technical analysis The USDCHF H4 chart shows the market has completed a downward wave, reaching 0.8735. A consolidation range is forming above this level today, 10 December 2024. The USDCHF pair remains under pressure on Tuesday. 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 December 11 Author Share Posted December 11 USDCAD: expectations of the Bank of Canada’s decision keep the market on edge The USDCAD rate shows a minor correction, dropping to 1.4164. More details in our analysis for 11 December 2024. USDCAD technical analysis The USDCAD H4 chart shows the market has completed a growth wave, reaching the local target of 1.4193. A consolidation range is expected to form below it today, 11 December 2024. A correction will begin with a breakout below the range, targeting 1.4100. Growth in the USDCAD pair is driven by the strengthening of the US dollar due to strong employment statistics. 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 Link to comment Share on other sites More sharing options...
RBFX Support Posted December 12 Author Share Posted December 12 Silver (XAGUSD) prices hold above 32.00 USD The XAGUSD pair has formed a reversal towards the long-term uptrend on the daily chart, rising above 32.00 USD. Further growth may occur soon. Find out more in our Silver price analysis for today, 12 December 2024. XAGUSD technical analysis Silver prices have been moving upward this week, holding above 32.00 USD. The daily chart shows a double-bottom bullish reversal pattern, with the price moving towards the pattern’s target near 33.00 USD. XAGUSD prices remain above 32.00 USD, with the chart showing a double-bottom reversal pattern. 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...
RBFX Support Posted December 13 Author Share Posted December 13 NZDUSD is at a two-year low: the situation could deteriorate further The NZDUSD pair is falling to 0.5763, testing another local low under significant pressure from the US dollar. Find out more in our analysis for 13 December 2024. NZDUSD technical analysis The NZDUSD H4 chart shows that the market is forming a downward wave towards the local target of 0.5690. This level is expected to be reached today, 13 December 2024, before a potential rise to 0.5790 (testing from below). The NZDUSD pair has incurred significant losses, with the minor trend only strengthening. Read more - NZDUSD 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 December 16 Author Share Posted December 16 (edited) GBPUSD has stabilised: traders await the Fed’s decision and signals from the Bank of England The GBPUSD rate is correcting after rebounding from the 1.2615 support level. Find out more in our analysis for 16 December 2024. GBPUSD technical analysis The GBPUSD H4 chart shows that the market has completed a downward wave, reaching 1.2608. A consolidation range could form above it today, 16 December 2024. If the price breaks below the range, the wave may continue towards 1.2570 and potentially further towards 1.2490. The GBPUSD rate has stabilised due to holding the crucial support level at 1.2615. 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 Edited December 16 by RBFX Support Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now