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.

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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 reaches new lows: market pressures mount on the Aussie

The AUDUSD pair is rapidly falling, with the market testing the 5 August low. Find out more in our analysis for 14 November 2024.

AUDUSD technical analysis

The AUDUSD H4 chart shows that the market has completed a corrective wave, reaching 0.6545 and, after rebounding from this level, dropped to 0.6480. A narrow consolidation range is expected to develop at the current lows of a downward wave today, 14 November 2024.



The AUDUSD pair appears weak and has reached three-month lows.

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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 stabilised after another collapse

The NZDUSD pair paused its decline, with the Kiwi under pressure from the strong US dollar. Find out more in our analysis for 15 November 2024.

NZDUSD technical analysis

The NZDUSD H4 chart shows that the market has reached the downward wave’s target of 0.5841. A consolidation range could develop above this level today, 15 November 2024. If the price breaks below the range, the wave could extend towards 0.5777.



The NZDUSD pair has tumbled to annual lows and appears highly unstable.

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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) 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 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]

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 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]

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 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