Market Technical Analysis by RoboForex

[Vlad RF]

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.

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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

 

[Vlad RF]

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.

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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

 

[Vlad RF]

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 at RoboForex Website

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

 

[Vlad RF]

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.

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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

 

[Vlad RF]

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.

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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

 

[Vlad RF]

EURUSD awaits news: no one takes risks ahead of the Fed meeting

The EURUSD pair remains stable at around 1.0510 on Tuesday. The market seeks signals from the Federal Reserve. Find out more in our analysis for 17 December 2024.

EURUSD technical analysis

The EURUSD H4 chart shows the market has completed a corrective structure, reaching 1.0533. Today, 17 December 2024, a new downward wave may develop, aiming for 1.0420.



The EURUSD pair shows little movement ahead of the Federal Reserve meeting.

Read more at RoboForex Website

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