Market Technical Analysis by RoboForex

[Vlad RF]

Gold (XAUUSD) trades near highs ahead of the Fed rate decision

XAUUSD price remains near annual highs, awaiting the US Federal Reserve interest rate decision. Its announcement and the press conference of the Federal Reserve chair may give fresh momentum to the stock price.

XAUUSD technical analysis

The XAUUSD pair is trading within an uptrend on the daily chart, with the price currently hovering around 2,570 USD. After breaking above the sideways range last week, gold price is steadily rising, aiming for the target of the previously formed triangle pattern near 2,600 USD.



Gold prices are rallying upwards, reaching the 2,590 USD level this week.

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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]

AUDUSD maintains its upward momentum

The Federal Reserve interest rate change and stabilising unemployment in Australia supported the Australian dollar. Find out more in our analysis for 19 September 2024.

AUDUSD technical analysis

The AUDUSD H4 chart shows that the market has pushed the price to 0.6819 on the fundamental background. The price has corrected towards 0.6737 today, 19 September 2024. Following the correction, a growth wave structure is forming, aiming for 0.6825 and potentially continuing towards 0.6855.



The US interest rate cut and the AUDUSD technical analysis in today’s AUDUSD forecast suggest that the growth wave could continue towards the 0.6825 and 0.6855 levels.

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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]

NZDUSD analysis: the market demonstrates risk appetite

The NZDUSD pair continues to rise for the third consecutive day, driven by a weaker US dollar and positive risk sentiment. Below is our detailed NZDUSD forecast and analysis for 20 September 2024.

NZDUSD technical analysis

From a technical perspective, the NZDUSD pair is forming a consolidation range around the 0.6239 level on the H4 chart. Today's outlook for NZDUSD suggests the potential for an upside extension towards the 0.6262 level.



The NZDUSD pair continues steadily climbing as investors show growing interest in risk.

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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 forecast: USD remains under pressure

The GBPUSD rate has risen for the fourth consecutive trading session, remaining below the resistance level at 1.3340. Read more in our analysis for today - 23 September 2024.

GBPUSD technical analysis

On the H4 chart of GBPUSD, the market has formed a consolidation range around 1.3278. Currently, the range is extended downwards to the level of 1.3222 and upwards to the level of 1.3333. Today, 23 September 2024, we expect an upward exit from this range.



Despite the positive UK retail sales data, falling consumer sentiment indicates potential risks for the UK economy, which may limit further GBPUSD growth.

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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

 

[sikocano]

Murrey Math Lines 25.03.2024 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”
The EURUSD pair stands below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. The RSI is testing the support line. In this situation, a breakout of the 2/8 (1.0803) level is expected, followed by a decline to the support at 0/8 (1.0742). The scenario could be cancelled by rising above 3/8 (1.0833), in which case, the quotes might correct to the resistance at 4/8 (1.0864).

On M15, the lower boundary of the VoltyChannel is broken, which increases the probability of a further price decline.

GBPUSD, “Great Britain Pound vs US Dollar”
The GBPUSD pair stands below the 200-day Moving Average on H4, indicating the prevalence of a downtrend. However, a convergence has formed on the RSI. As a result, in this situation, the quotes are expected to break the 3/8 (1.2634) level, rising to the resistance at 4/8 (1.2695) afterwards. The scenario might be cancelled by a breakout of 2/8 (1.2573), in which case, the pair could continue falling and drop to the support at 1/8 (1.2512).

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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

Murrey Math Lines 25.03.2024 (EURUSD, GBPUSD)

 

[Vlad RF]

EURUSD daily forecast: the market stabilises and finds its footing

EURUSD has stopped its downward momentum and appears to have found stability. Investors expect a period of consolidation. More insights can be found in our EURUSD analysis and forecast for 24 September 2024.

EURUSD technical analysis

On the H4 chart, EURUSD continues to develop within a consolidation range around the 1.1145 level. The range currently extends to 1.1082, with a potential test of the 1.1142 level from below.



The EURUSD pair has weathered a period of decline and is now stabilising.

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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 analysis: weak economic data from Europe limits the pair’s growth

The EURUSD rate is correcting after testing a four-week high. Read more in our detailed EURUSD analysis for 25 September 2024, including key signals and market outlook.

EURUSD technical analysis

On the H4 chart, EURUSD broke through the 1.1180 level and continues its upward trajectory towards 1.1222, which represents a local target. Based on the technical EURUSD outlook for today, 25 September 2024, we anticipate a potential correction to 1.1144 after reaching this target.



EURUSD’s growth, driven by Fed rate cut expectations, could be limited by weak European economic data, which has heightened fears of a potential economic slowdown.

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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]

USDJPY rises to a three-week high: trend gaining momentum

The USDJPY continues to exhibit upward momentum, climbing to a three-week high as the US dollar garners favour among investors. Read more in our analysis for 26 September 2024.

USDJPY technical analysis

On the H4 USDJPY chart, the market found support at 142.90 and continued to develop the growth wave. Today, on 26 September 2024, the market broke through the 144.34 level upwards. We can effectively state that the consolidation range has been breached upwards.



The USDJPY pair is near a three-week peak due to an improved market sentiment towards 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 analysis: the pair is poised to rise as the US dollar declines for 4 weeks in a row

EURUSD is resuming its upward movement. The market is anticipating a significant easing of the Fed’s monetary policy in the future. Read more details in our analysis for 27 September 2024.

EURUSD technical analysis

On the H4 chart of EURUSD, the market received support at 1.1121. A growth wave to 1.1164 and a correction to 1.1125 have occurred. Today, 27 September 2024, the growth impulse to 1.1188 was realised. We expect the EURUSD to correct to 1.1155.



EURUSD may continue to grow. For the US dollar, it would mark the fourth week of decline.

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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 analysis: growth continues amid uncertain prospects

GBPUSD continues to grow, with the pound needing to break out of the sideways channel. Read more in our GBPUSD analysis and forecast for today, 30 September 2024.

GBPUSD technical analysis

On the H4 chart, GBPUSD continues to develop its growth structure within the ascending channel. GBPUSD has found support near the channel’s lower boundary at 1.3366, and the pair is now moving towards 1.3455. Today’s GBPUSD forecast suggests that this level should be reached, followed by a decline to 1.3380 (at minimum).



GBPUSD is in an upward trend, though the rise is expected to be cautious.

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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]

Brent crude oil declines moderately, falling below 72.00 USD

Brent price failed to overcome the resistance level at 75.00 USD last week and turned downwards. The daily trend is downward, and the decline may continue - read about it in our Brent analysis for today, October 1, 2024.

Brent technical analysis

Brent oil completed its upward correction and reversed downward from the resistance level of 75.00 USD. Prices have since fallen to the 70.00 USD area, where temporary support from buyers was found. The daily trend remains bearish, suggesting further declines may occur.



Brent quotes have formed a downward reversal from the 75.00 USD resistance level. Today’s API oil reserves data could significantly influence Brent’s price forecast.

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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 declines sharply: Middle East tensions make investors nervous

EURUSD is testing a four-week low. Investors are shying away from risk as tensions escalate. Read more in our detailed EURUSD forecast for 2 October 2024.

EURUSD technical analysis

On the H4 chart, the EURUSD rate has seen a strong downward impulse to the level of 1.1090. A consolidation range has formed around this level. A break below this range suggests the market could further develop a downside structure towards 1.0982



The EURUSD pair has fallen to a four-week low as market sentiment turns risk-averse.

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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]

AUDUSD analysis: the market remains cautious as AUDUSD continues to decline

The AUDUSD is steadily moving away from its recent highs, with the strength of the US dollar applying consistent downward pressure on the Australian dollar (AUD). More details can be found in our AUDUSD analysis and forecast for 3 October 2024.

AUDUSD technical analysis

Regarding technical analysis, the H4 chart for the AUDUSD pair shows the first wave of decline targeting 0.6845. The price is consolidating around 0.6895 as of 3 October 2024, with an expected breakout to the downside towards the target level of 0.6845.



AUDUSD is moving away from the 19-month high amid deteriorating external sentiment.

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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]

NZDUSD weakens amid challenges in New Zealand’s economy

NZDUSD has declined for the fourth consecutive trading session. A detailed analysis for 4 October 2024 provides insights into the key factors behind this movement.

NZDUSD technical analysis

On the H4 chart of the NZDUSD pair, the market has been on a wave of decline, hitting the level of 0.6207. The price action is close to reaching its calculated local target of the downward wave. As of 4 October 2024, consolidation is likely above the 0.6207 level.



NZDUSD rate continues its downward trajectory, pressured by expectations of further monetary easing by the Reserve Bank of New Zealand.

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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 2-month low: the US dollar regains favour

The EURUSD pair continues to decline, with the market increasingly favouring the US dollar. Find out more in our analysis for 7 October 2024.

EURUSD technical analysis

The EURUSD H4 chart shows that the market has reached the downward wave’s local target of 1.0951. A correction towards 1.1037 (testing from below) is possible today, 7 October 2024. Subsequently, another decline in the EURUSD rate could follow, with 1.0946 as the first target.



The EURUSD pair remains under intense pressure due to the growing market preference for 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]

USDJPY may undergo a correction: the market remains stable

The USDJPY pair is starting to undergo a correction as the US dollar appears overvalued. Find out more in our analysis for 8 October 2024.

USDJPY technical analysis

The USDJPY H4 chart shows the market forming a downward wave towards 146.60. The price is expected to reach this target level today, 8 October 2024, and then correct towards 147.90 (testing from below).



The USDJPY pair has paused its rally, allowing the yen to stabilise.

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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]

Gold (XAUUSD) continues to correct, falling to the area near 2,600 USD

The XAUUSD price continues to correct downwards following Friday’s positive US labour market data release. Today’s market focus is on the Fed meeting minutes. Our XAUUSD analysis for today, 9 October 2024, provides further details and insights.

XAUUSD technical analysis

Gold prices continue to correct moderately as part of the uptrend. A triangle technical pattern has formed on the H4 chart, and the quotes fell below its lower boundary at 2,630 USD yesterday. Subsequently, they declined to the target support area near 2,600 USD, where the quotes encountered demand from buyers.



Gold prices are moderately correcting downwards, edging down to the support area near 2,600 USD.

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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]

AUDUSD found temporary support near 0.6700

AUDUSD quotes have halted their decline and are attempting to reverse upwards after encountering demand from buyers near 0.6700. More details can be found in our analysis for 10 October 2024.

AUDUSD technical analysis

The AUDUSD H4 chart shows that the market is forming a consolidation range around 0.6735. The AUDUSD rate is expected to break below this range and reach the target level of 0.6682 today, 10 October 2024.



The AUDUSD pair is still trading within a downward correction.

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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]

NZDUSD rises, with the market recouping previous losses

The NZDUSD pair is rising, and investors are buying the Kiwi at lows. Discover more in our analysis for 11 October 2024.

NZDUSD technical analysis

The NZDUSD H4 chart shows that the market has completed a downward wave, reaching 0.6051. A consolidation range has formed above this level. It is worth considering a breakout above the range towards the first target of 0.6138 today, 11 October 2024.



The NZDUSD pair is poised for a recovery after a sell-off phase.

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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 under pressure: the Fed holds off on rate cuts

The EURUSD rate is poised for another test of the EMA-200. Find out more in our analysis for 14 October 2024.

EURUSD technical analysis

The EURUSD H4 chart shows that the market has completed a growth wave, reaching 1.0953, and corrected towards 1.0926, forming the boundaries of a consolidation range around 1.0926. The market has broken below the 1.0926 level. The range could extend towards 1.0898 today, 14 October 2024.



The EURUSD rate declines further amid expectations that the Federal Reserve will hold back from substantial interest rate cuts this year.

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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