Market Technical Analysis by RoboForex

[RoboForex Team]

EURUSD loses bullish momentum: US dollar regains the lead

The EURUSD pair declined to 1.1378. The White House made efforts to calm investors. Find more details in our analysis for 23 April 2025.

EURUSD technical analysis

The EURUSD H4 chart shows a possible corrective wave developing towards 1.1303. After this decline, the market is expected to resume growth, aiming for 1.1425 and then 1.1504.

The EURUSD pair has reached another three-year high before entering a correction.

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

 

[RoboForex Team]

USDJPY may come under pressure: yen to regain its role as a safe-haven asset

The USDJPY pair is hovering near 142.76 on Thursday. The market is once again seeking safe-haven assets, which supports the yen. Find out more in our analysis for 24 April 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair shows potential for a decline towards 142.00 from the current 142.75.

Strategically, the pair may form a sideways channel between 139.88 and 143.59.

After two strong sessions, the USDJPY pair began to decline.

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

 

[RoboForex Team]

EURUSD retreats into correction; will the decline continue?

The EURUSD pair sharply entered a corrective phase after hitting 1.1573. A reversal pattern may form on the chart. Find more details in our analysis for 25 April 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD rate is undergoing a bearish correction after reaching a yearly high of 1.1573. A Head and Shoulders reversal pattern could form if the price consolidates below 1.1300. In this scenario, the next downside target will be the 1.1150 support level.

The EURUSD pair has entered a downward correction after reaching its yearly high of 1.1573.

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

 

[RoboForex Team]

USDCAD: sideways movement for now, but further decline expected

The USDCAD pair is hovering around 1.3863. The market is assessing the prospects of easing US-China trade tensions and closely following the Canadian elections. Discover more in our analysis for 28 April 2025.

USDCAD technical analysis

On the USDCAD H4 chart, the sideways range is limited by the 1.3780 and 1.3907 levels. A breakout above the upper boundary could trigger a corrective move towards 1.3977.

The USDCAD pair has temporarily halted its decline but retains a bearish outlook.

Read more - USDCAD 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

 

[RoboForex Team]

Gold (XAUUSD) retreats into correction; will the decline continue?

XAUUSD quotes have entered a correction after hitting an all-time high of 3,500 USD. The US dollar is finding support amid easing trade tensions. Discover more in our analysis for 29 April 2025.

XAUUSD technical analysis

Gold is undergoing a downward correction within a broader uptrend after rebounding from the record high of 3,500 USD. The quotes are currently trading around the key support level at 3,270 USD. A breakout below this level could lead to the formation of a Triangle pattern and a further decline towards 3,200 USD.

XAUUSD prices are undergoing a downward correction amid easing trade tensions.

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

 

[RoboForex Team]

US and EU GDPs collapse, what is next for EURUSD

A decline in US GDP could offer the euro an opportunity to strengthen, pushing EURUSD quotes towards 1.1565. Discover more in our analysis for 30 April 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD pair has formed an Engulfing reversal pattern near the lower Bollinger band. The pair currently maintains its upward trajectory in response to this signal. Since the price remains within an ascending channel, further growth towards the nearest resistance at 1.1565 is expected. A breakout above this level would open the path for continued bullish momentum.

Amid weakening US economic data, today's EURUSD forecast is rather optimistic.

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