Market Technical Analysis by RoboForex

[Vlad RF]

USDJPY rises for the second day: market preference for the US dollar takes priority

The USDJPY pair is increasing, with renewed interest in the US dollar gaining traction. Find out more in our analysis for 12 November 2024.

USDJPY technical analysis

The USDJPY H4 chart shows that the market has completed a wave, reaching 154.05. A decline to 153.05 (testing from above) is expected today, 12 November 2024. After reaching this level, the price could rise to 155.00 and potentially continue the wave to the local target of 155.15.



The USDJPY pair remains positive, buoyed by market sentiment favouring the US dollar.

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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 hits a new six-month low: all sympathies are with the US dollar

The EURUSD pair continues its decline, with the market positive about Trump. Find out more in our analysis for 13 November 2024.

EURUSD technical analysis

The EURUSD H4 chart shows that the market has breached the 1.0680 level and continues its downward momentum, aiming towards 1.0540, the local target. The price is expected to fall to 1.0570 today, 13 November 2024. After reaching this level, a technical retracement to 1.0600 (testing from below) is possible.



The EURUSD pair has plunged to a new six-month low.

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