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Market Technical Analysis by RoboForex


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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.

xauusd-2024-11-18.thumb.png.cf21d9f83195851275f32367b41b4ce5.png

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

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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.

usdchf-2024-11-19-ez.thumb.jpg.ad6b93c0e20dec0cfd15c6ee6b75cc0d.jpg

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

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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.

eurusd-2024-11-20.thumb.png.bf734b6ec4588a21fe1c1529eacea802.png

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

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