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.

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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 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.

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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 declines ahead of the Fed’s interest rate decision

The GBPUSD rate has corrected towards 1.2700 today after reaching a weekly high of 1.2730, with market participants anticipating the outcome of the US Federal Reserve meeting. Discover more in our analysis for 18 December 2024.

GBPUSD technical analysis

On the H4 chart, the GBPUSD pair shows local upward momentum after bouncing from the 1.2615 support level on Monday. The alligator indicator signals growth.



The GBPUSD pair is moderately correcting downwards after reaching a local weekly high of 1.2730.

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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 falls following the Federal Reserve’s statement, with the current price at 72.63 USD

Brent oil is correcting near the key support level of 72.45 USD. Find out more in our analysis for 19 December 2024.

Brent technical analysis

Brent prices secured a position below the lower boundary of the Ichimoku Cloud, suggesting a downtrend. Today’s Brent forecast anticipates a minor bullish correction, with prices testing the Cloud’s lower boundary at 72.85 USD before falling to 71.00 USD.



Brent prices are falling amid Federal Reserve statements about a slower pace of interest rate cuts in 2025, raising concerns about fuel demand.

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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): the asset is consolidating ahead of a rise

A potential rise in US inflation expectations offers hope for Gold to climb to 2,648. Discover more in our analysis for 20 December 2024.

XAUUSD technical analysis

On the XAUUSD H4 chart, prices formed a hammer reversal pattern after testing the Bollinger band’s lower line. They continue their ascent at this stage, following a reversal pattern signal. This trend could develop further since the quotes are moving within an ascending channel.



Possible US inflation growth, combined with XAUUSD technical analysis, suggests that prices could rise to 2,648 USD after a 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]

EURUSD: the pair continues to correct after a decline

The EURUSD pair may continue its corrective wave towards 1.0464, influenced by US economic indicators. Find out more in our analysis for 23 December 2024.

EURUSD technical analysis

The price formed a harami reversal pattern on the EURUSD H4 chart after testing the Bollinger lower band. It continues its upward movement following the reversal pattern signal at this stage. A corrective wave is expected to develop since the quotes remain within the descending channel.



Coupled with technical EURUSD analysis for 23 December 2024, weak US economic indicators suggest that the EURUSD pair could continue to correct before resuming its 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]

XAUUSD: Gold continues to strengthen after completing a correction

Gold (XAUUSD) continues to strengthen amid limited news coverage, with a potential growth target of 2,650. Find out more in our XAUUSD analysis for today, 24 December 2024.

XAUUSD technical analysis

Having tested the middle Bollinger band, the price formed a harami reversal pattern on the XAUUSD H4 chart. It continues its upward movement, validating the signal from the reversal pattern. This trend will likely persist as the quotes remain within the ascending channel after a pullback.



Together with the technical analysis of XAUUSD, the expectation of a pre-New Year rally supports a scenario of growth towards the 2,650 USD level.

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