Forex Technical Analysis & Forecast by RoboForex

[Vlad RF]

USDCHF: the pair continues to correct ahead of the US presidential election

Switzerland’s stable unemployment rate and the upcoming US election may strengthen the Swiss franc. Discover more in our analysis for 5 November 2024.

USDCHF technical analysis

The USDCHF H4 chart shows that the market has formed a downward wave towards 0.8615. A growth structure is expected to develop today, 5 November 2024, aiming for 0.8666. A breakout above this level will open the potential for a growth wave towards 0.8720, the local target.

Alongside technical analysis for today’s USDCHF forecast, the US presidential election and fundamental data suggest a potential growth wave towards 0.8720.

Read more - USDCHF Forecast

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 2,700 USD

XAUUSD prices continue to correct, plunging to 2,700 USD amid US dollar growth driven by the US election. Once the correction is complete, growth could resume. Discover more in our XAUUSD analysis for today, 6 November 2024.

XAUUSD technical analysis

On the H4 chart, the XAUUSD pair continues to correct downwards as part of a strong uptrend. Today, the quotes fell to the 2,700-2,710 USD support area, which coincides with the lower boundary of the ascending price channel.

XAUUSD quotes continue to correct downwards amid the strengthening of the US dollar due to the ongoing US presidential election, with no doubts remaining about Trump’s victory.

Read more - Gold Forecast

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 is at a three-month high: the yen is under pressure from the US dollar

The USDJPY pair is appreciating rapidly, with the yen under pressure from the strong US dollar. Find out more in our analysis for 7 November 2024.

USDJPY technical analysis

The USDJPY H4 chart shows that the market has completed a growth wave, reaching 154.70, a local target. A consolidation range is forming below this level today, 7 November 2024. A breakout below the range could initiate a downward wave towards 151.35, the first target in the corrective phase.

The USDJPY pair is surging, driven by the strong US dollar.

Read more - USDJPY Forecast

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 again, with the US dollar bolstered by the Fed

The EURUSD pair is losing ground. The market can now take a slight respite following the Federal Reserve’s decision. Find out more in our analysis for 8 November 2024.

EURUSD technical analysis

The EURUSD H4 chart shows that the market continues to develop the first upward impulse. A consolidation range has formed around the 1.0758 level, and after a breakout above it, the price has reached the local target of the growth impulse at 1.0824.

The EURUSD pair must account for the full range of economic data and political decisions released this week.

Read more - EURUSD Forecast

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 stabilised: all news factored into prices

The GBPUSD pair started the week in calm conditions. The pound has absorbed the recent shock and recovered. Find out more in our analysis for 11 November 2024.

GBPUSD technical analysis

The GBPUSD H4 chart shows the market is forming a consolidation range around 1.2929, potentially extending to 1.2850 today, 11 November 2024. Subsequently, the price could rise to 1.2929 (testing from below). The downward wave may extend towards the main target of 1.2820.

The GBPUSD pair declined and returned to equilibrium.

Read more - GBPUSD Forecast

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 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.

Read more - USDJPY Forecast

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 - EURUSD Forecast

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.

Read more - AUDUSD Forecast

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.

Read more - NZDUSD Forecast

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 - Gold Forecast

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 - USDCHF Forecast

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 - EURUSD Forecast

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: the pair may continue to fall, having completed its correction

Michele Bullock’s speech and increased US jobless claims may support the AUDUSD pair in forming a corrective wave. More details in our analysis for 21 November 2024.

AUDUSD technical analysis

The AUDUSD H4 chart shows that the market has formed a narrow consolidation range around 0.6491 and, breaking above it, corrected towards 0.6543. A corrective move to 0.6545 is possible today, 21 November 2024.

With technical analysis for today’s AUDUSD forecast, negative US news suggests a potential correction towards 0.6545, followed by a decline to 0.6430.

Read more - AUDUSD Forecast

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 hit new annual lows: all sympathies are with the US dollar

The New Zealand dollar fell to an annual low, with investors siding with the USD. Find out more in our analysis for 22 November 2024.

NZDUSD technical analysis

The NZDUSD H4 chart shows that the market is forming a narrow consolidation range around 0.5865 without a clear trend. The price could break below the range today, 22 November 2024, with the downside target set at 0.5810.

The NZDUSD pair remains under pressure from sell-offs and now appears very weak.

Read more - NZDUSD Forecast

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: the pound is poised for a significant correction

A speech by a member of the Bank of England’s Monetary Policy Committee and a decline in US economic indicators may help the British pound regain ground. Discover more in our analysis for 25 November 2024.

GBPUSD technical analysis

The GBPUSD H4 chart shows that the market has reached the local target of 1.2487. Today, 25 November 2024, a correction towards 1.2600 is possible, followed by a decline towards 1.2545. A new consolidation range may form around this level. An upward breakout could extend the correction towards 1.2660. A breakout below the range would open the potential for a downward wave towards 1.2470 and potentially further towards the local target of 1.2445.

Coupled with technical analysis for today’s GBPUSD forecast, the speech by the Bank of England’s Monetary Policy Committee member could influence the pound’s value and enable a potential downward wave towards the 1.2545 level, followed by growth to the 1.2600 level.

Read more - GBPUSD Forecast

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: the yen continues its attempts to strengthen against the US dollar

The decrease in Japan’s core CPI had a mixed effect on the USDJPY rate, with the pair continuing its correction. More details in our analysis for 26 November 2024.

USDJPY technical analysis

The USDJPY H4 chart indicates that the market has formed a narrow consolidation range above the 153.80 level. The price is expected to break below the range today, 26 November 2024, and extend the downward wave towards 152.88.

The projected decline in new home sales offsets the potential increase in the CB US Consumer Confidence Index.

Read more - USDJPY Forecast

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) has reversed upwards from 2,600 USD

XAUUSD prices continue a moderate correction following last week’s surge. The quotes are now attempting to reverse upwards and continue their ascent. More details in our XAUUSD analysis for today, 27 November 2024.

XAUUSD technical analysis

On the H4 chart, the XAUUSD pair has corrected downwards from the 2,700-2,720 USD resistance area following last week’s steady upward movement. Yesterday, the quotes approached a strong support near the 2,600 USD level and rebounded upwards.

XAUUSD quotes completed a downward correction and reversed upwards from 2,600 USD.

Read more - Gold Forecast

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 euro is in positive territory while the US dollar rests: US sentiment shifts before the long weekend

The EURUSD pair is on the rise. Investors are evaluating the US GDP and core PCE data. Find out more in our analysis for 28 November 2024.

EURUSD technical analysis

The EURUSD H4 chart shows that the market has completed a growth wave towards 1.0587, the first target. The structure is expected to shift downward today, 28 November 2024, targeting 1.0460 and marking the boundaries of a consolidation range.

The EURUSD pair has recovered from a local low, but heightened volatility is expected due to the US Thanksgiving long weekend.

Read more - EURUSD Forecast

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 closes the week with gains as risk appetite emerges

The NZDUSD pair rose to 0.5913 on Friday, signalling a recovery following market sell-offs. Find out more in our analysis for 29 November 2024.

NZDUSD technical analysis

The NZDUSD H4 chart shows that the market is progressing towards 0.5920, the local estimated target. This level could be reached today, 29 November 2024, before a potential decline to 0.5868 (testing from above). Subsequently, a new growth wave might start, aiming for 0.5939 as the first target.

The NZDUSD pair ends the final week of November with notable gains.

Read more - NZDUSD Forecast

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