Market Technical Analysis by RoboForex

[RoboForex Team]

Gold (XAUUSD) falls below 3,400 USD amid correction

XAUUSD prices reversed downwards and dropped below 3,400 USD amid optimism surrounding trade agreements between the US and its key partners. Discover more in our analysis for 24 July 2025.

XAUUSD technical analysis

XAUUSD quotes are in a downward correction, having fallen below 3,400 USD. Earlier this week, gold reversed from a local daily high at 3,438 USD. Once the correction is complete, the uptrend may resume.

Gold entered a downward correction, slipping below 3,400 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

 

[RoboForex Team]

EURUSD declines after ECB decision

The EURUSD rate corrected towards the 1.1730 area following the ECB's decision to keep interest rates unchanged. The market awaits the outcome of trade agreement negotiations between the US and the EU. Find out more in our analysis for 25 July 2025.

EURUSD technical analysis

On the H4 chart, EURUSD is undergoing a downward correction, falling this morning to the 1.1730 area, with further decline towards the 1.1700 support level possible. The daily trend for the pair remains upward, so after the correction ends, the rally may continue.

The EURUSD pair corrected to the 1.1730 area following the ECB’s decision to leave rates unchanged.

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 under pressure? Investors turning towards CAD

After forming a corrective wave, USDCAD quotes may continue their upward movement towards 1.3760. Discover more in our analysis for 28 July 2025.

USDCAD technical analysis

On the H4 chart, the USDCAD price has formed a Harami reversal pattern near the upper Bollinger Band. The pair is currently forming a corrective wave following the signal from this pattern. Since the quotes remain within the boundaries of the ascending channel, a pullback to the nearest support at 1.3675 is possible.

Anticipation of interest rate decisions in both the US and Canada is boosting the Canadian dollar.

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]

USDJPY under pressure: Trump’s tariff hike and BoJ decision in focus

The USDJPY pair consolidates as markets anticipate monetary decisions and US trade statements, with the price currently at 148.23. Find out more in our analysis for 29 July 2025.

USDJPY technical analysis

Despite a bearish correction, the USDJPY rate remains within the ascending channel. At this stage, the price could correct further towards the 147.80 support level before resuming its upward momentum. Today’s USDJPY forecast suggests a rebound from the support level and a move towards 149.85.

The fundamental outlook for USDJPY remains moderately favourable for the US dollar, increasing the likelihood of a renewed upward momentum following the current correction.

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]

GBPUSD at 20 May low: no support from economic data

The GBPUSD pair dipped to 1.3357 on Wednesday as weak PMI data and a strong US dollar pressured the pound. Discover more in our analysis for 30 July 2025.

GBPUSD technical analysis

On the H4 chart, the GBPUSD pair remains under pressure, trading in a downtrend. After failing to consolidate above 1.3589, the pair reversed and reached a local low around 1.3300 by 30 July – its lowest level since the start of the month.

The GBPUSD pair has fallen to its lowest since 20 May and appears weak.

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

 

[RoboForex Team]

Brent quotes surged to a six-week high

Brent prices are correcting after a sharp rally, having reached a six-week high. The current quote stands at 72.05 USD. Find more details in our analysis for 31 July 2025.

Brent technical analysis

Brent continues to trade within an ascending channel, with prices firmly consolidating above the key 70.55 USD support level, indicating strong buyer pressure.

Brent quotes remain under pressure from geopolitical risks and the unexpected increase in US inventories.

Read more - Brent 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