RBFX Support

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

Gold (XAUUSD) rises, reaching 2,700 USD XAUUSD prices continue strengthening significantly after forming a local trough and reversing upwards. Further growth may follow a brief correction. Discover more in our XAUUSD analysis for today, 22 November 2024. XAUUSD forecast: key trading points Market focus: US statistics on the Composite Purchasing Managers’ Index (PMI) and Michigan Consumer Sentiment Index are due today Current trend: strong upward movement XAUUSD forecast for 22 November 2024: 2,643 and 2,700 Fundamental analysis XAUUSD quotes have completed a downward correction and reversed upwards, displaying significant growth towards the long-term trend. This growth is supported by demand from central banks, the Federal Reserve’s interest policy of cutting interest rates, and escalating global geopolitical tensions. A crucial release of US statistics is expected today – the Composite Purchasing Managers’ Index (PMI) and Michigan Consumer Sentiment Index. Weaker-than-forecast statistics could exert pressure on the US dollar and support XAUUSD. Conversely, stronger figures may prompt a correction in the pair. RoboForex Market Analysis & Forex Forecasts 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

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

EURUSD halted its decline: correction is complete; the market awaits news The EURUSD pair has halted its decline. The market is awaiting greater clarity on Trump’s policy. Find out more in our analysis for 21 November 2024. EURUSD forecast: key trading points The EURUSD pair is no longer in a downward trend The market is analysing what to expect from the new US White House administration EURUSD forecast for 21 November 2024: 1.0464 Fundamental analysis The EURUSD rate is consolidating around 1.0552 on Thursday, following yesterday’s decline. Investors are exercising caution as they await further data on the future actions of US President-elect Donald Trump. Additionally, forecasts of a less aggressive Federal Reserve interest rate cut have already been priced into the primary currency pair. The market needs to interpret what exactly Trump’s campaign promises mean not only for the US but also for the rest of the world. The US dollar has strengthened by over 2% since the US presidential election. The EURUSD forecast for today remains neutral. RoboForex Market Analysis & Forex Forecasts 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

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

Lower BoC rate expectations add to pressure on the USDCAD The USDCAD rate is testing the critical support area. Find out more in our analysis for 20 November 2024. USDCAD forecast: key trading points The strengthening of the Canadian dollar is due to a rise in Canada’s inflation to 2% in October 2024 Prices increased across five of eight CPI components, primarily driven by petrol price growth Weaker expectations of a substantial Bank of Canada rate cut are putting pressure on the USDCAD currency pair USDCAD forecast for 20 November 2024: 1.3900 Fundamental analysis The USDCAD rate is bouncing off the 1.3950 support level. The currency pair is slightly correcting after declining for two consecutive trading sessions. The US dollar lost over 1% amid buyers’ failure to gain a foothold above the 1.4100 level. The current strengthening of the Canadian dollar is fuelled by inflation data, which eases expectations about the size of the Bank of Canada’s interest rate cuts. Canada’s inflation rose to 2% in October. Prices increased across five of eight CPI components, primarily driven by petrol price growth. The return of inflation to the Bank of Canada’s 2% target suggests that rate cuts will continue, but the size of cuts will depend on the analysis of economic data. According to today’s USDCAD forecast, lower expectations of a substantial BoC rate cut will further pressure the currency pair, contributing to a potential breakout below the key 1.3950 support level. Market expectations about the Fed’s policy also changed. Federal Reserve Chair Jerome Powell emphasised economic resilience, which allows the regulator to maintain a restrained approach to interest rate cuts. According to the CME FedWatch Tool, the likelihood of a December rate cut decreased to 58.9% from 76.8% a month ago. RoboForex Market Analysis & Forex Forecasts 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

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

USDJPY: the yen may continue to lose ground The increase in US building permits and a Fed official’s speech may support the US dollar. Discover more in our analysis for 19 November 2024. USDJPY forecast: key trading points US Housing Starts in October: previously at 1.354 million, projected at 1.340 million US building permits in October: previously at 1.425 million, projected at 1.440 million Speech by Federal Reserve official Jeffrey Schmid USDJPY forecast for 19 November 2024: 157.60 Fundamental analysis Housing Starts, representing the total number of projects initiated during the reporting month, are compiled from surveys of property owners and construction companies. These statistics cover approximately 95% of all housing projects in the country. The data are adjusted for seasonal factors and weather conditions to improve accuracy. This indicator is published during the second ten-day period of each month as part of the general construction report, including data on building permits and completed projects. According to the fundamental analysis for 19 November 2024, construction activity may decline to 1.340 million from the previous reporting period. However, this decrease is not critical and is unlikely to impact the USDJPY rate. Building permits reflect the seasonally adjusted number of permits issued to start new projects. These figures represent an annualised housing construction rate and should be interpreted as the projected number of permits for the year if current trends persist. This indicator is considered a vital metric of the housing market and a reflection of the overall state of the economy. As a leading metric for one of the most critical economic sectors, building permits provide insight into broader economic trends. The forecast for 19 November 2024 anticipates an increase in issued building permits to 1.440 million. Although the rise is modest, it is a positive factor for the US dollar. Fed official Jeffrey Schmid, the CEO of the Federal Reserve Bank of Kansas City, is scheduled to deliver a speech by the end of the US trading session. His report may include data on the near-term development of the US monetary policy. RoboForex Market Analysis & Forex Forecasts 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

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

EURUSD remains subdued: the market continues to favour the US dollar The EURUSD pair starts the week quietly, with the US dollar maintaining its strength. Find out more in our analysis for 18 November 2024. EURUSD forecast: key trading points The EURUSD pair opened the week on a stable note All market sympathies are with the US dollar as investors expect reduced activity from the Federal Reserve EURUSD forecast for 18 November 2024: 1.0400 Fundamental analysis The EURUSD rate is hovering around 1.0531 on Monday morning. Last week ended with the most substantial weekly gain for the US currency in a month, driven by a global reassessment of expectations regarding future US Federal Reserve interest rate cuts. Investors are factoring in President-elect Donald Trump’s pro-inflationary policies and adjusting their outlook accordingly. This benefits the US dollar, as heightened inflationary pressures would compel the Fed to maintain higher interest rates than previously anticipated. Last Thursday, Federal Reserve Chair Jerome Powell noted that the regulator need not rush into cutting rates, causing a widespread revision of expectations for the Federal Reserve’s December decision. RoboForex Market Analysis & Forex Forecasts 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

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

USDJPY develops a rally: the yen is again a victim of market developments The USDJPY pair continues its ascent as investors assess Japan’s GDP data. Discover more in our analysis for 15 November 2024. USDJPY forecast: key trading points The USDJPY pair moves in line with the rally Investors assess the latest Japanese GDP statistics USDJPY forecast for 15 November 2024: 157.15 Fundamental analysis The USDJPY rate surged to 156.38 on Friday. The market is scrutinising today’s statistics. Japan’s economy grew by 0.2% quarter-on-quarter in Q3 2024, a significant slowdown compared to the 0.5% growth in Q2. Nevertheless, this marks the second consecutive quarter of positive growth. On a year-on-year basis, the economy expanded by 0.9%, significantly below the 2.2% level of Q2. Uncertainty remains high regarding the normalisation of the Bank of Japan’s policy. Mixed statistics and recent political developments suggest an even gloomier outlook. Making critical decisions under such conditions proves challenging. The USDJPY forecast is so far in favour of the US dollar. RoboForex Market Analysis & Forex Forecasts 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

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

EURUSD: the euro falls along with the eurozone’s industrial production The decline in the eurozone’s industrial production and the stagnation of GDP growth may further weaken the euro against the US dollar. Discover more in our analysis for 14 November 2024. EURUSD forecast: key trading points Eurozone Q3 GDP (y/y): previously at 0.9%, projected at 0.9% Eurozone industrial production (m/m): previously at 1.8%, projected at - 1.3% US continuing jobless claims: previously at 1,892 thousand, projected at 1,880 thousand EURUSD forecast for 14 November 2024: 1.0540 and 1.0505 Fundamental analysis GDP reflects the total value of all goods and services produced in a country; considering only end products, excluding raw material costs. Fundamental analysis for 14 November 2024 shows that eurozone GDP may remain around 0.9%, consistent with the previous period. GDP has demonstrated modest growth over the past few months, suggesting that stronger-than-forecast data could support the euro. European industrial production reflects the eurozone’s total output, including utility services, industrial plants, and mines. The previous reading was 1.8%, and the forecast for 14 November 2024 suggests a decline to -1.3%. Industrial production in the eurozone continues to contract. Negative readings could be due to expensive energy tariffs, forcing companies to reduce production or even shut down, further adding negative pressure on the euro. US continuing jobless claims reflect the number of recurring claims for unemployment benefits. Fundamental analysis for 14 November 2024 indicates that claims may decrease to 1,880 thousand. Compared to the previous period, the forecast appears favourable for the US dollar. The actual reading may differ from expectations, but if it exceeds the last figure, it will support the US dollar. RoboForex Market Analysis & Forex Forecasts 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

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

USDCAD: the pair continues to reach new highs The latest data from the US indices suggest that the US dollar is likely to strengthen further. Discover more in our analysis for 13 November 2024. USDCAD forecast: key trading points The Thomson Reuters/Ipsos Primary Consumer Sentiment Index: previously at 48.41 US core Consumer Price Index (CPI) (m/m) in October: previously at 0.3%, projected at 0.3% US core Consumer Price Index (CPI) (y/y): previously at 3.3%, projected at 3.3% US CPI (m/m): previously at 0.2%, projected at 0.2% USDCAD forecast for 13 November 2024: 1.4040 Fundamental analysis The Thomson Reuters/Ipsos Primary Consumer Sentiment Index measures consumer sentiment based on a target group survey. The index fell to 48.41 last month, indicating negative consumer sentiment. Given that the index has declined over the past three months, the forecast for 13 November 2024 may be unfavourable for the Canadian dollar as the actual reading may fall again. The CPI reflects changes in consumer prices of goods and services and is a key indicator for the direction of purchases and US inflation. Readings below the forecast are considered negative for the US dollar, while stronger-than-expected figures are considered positive. The CPI is forecast to remain unchanged at 0.3% month-on-month and 3.3% year-on-year. Expectations that the estimates will align with actual data are low so far. A better-than-expected performance in US fundamental indicators could further boost the USDCAD rate. Fundamental analysis for 13 November 2024 indicates that the US CPI (m/m) is projected to remain at last month’s level of 0.2%. While such figures are encouraging for the national currency, they are not yet indicative of a significant positive shift. RoboForex Market Analysis & Forex Forecasts 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

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

USDCHF is on the rise: the US dollar leaves no alternatives The USDCHF pair is rising, with investors favouring the US dollar. More details in our analysis for 12 November 2024. USDCHF forecast: key trading points The USDCHF pair has gained significantly The SNB may lower the interest rate by 50 basis points at once at its December meeting USDCHF forecast for 12 November 2024: 0.8850 Fundamental analysis The USDCHF rate is rising to 0.8811. In this pair, as in USDJPY, the strong market bias towards the US dollar leaves the second currency with little support. Investors believe that the protectionist policies promoted by the administration of the elected US President, Donald Trump, will drive up inflation. This will force the Federal Reserve to keep interest rates higher than expected, favouring the USD. Switzerland’s inflation eased to a three-year low, reaching 0.6% in October. This data has heightened expectations of an interest rate cut from the Swiss National Bank at its December meeting, with borrowing costs potentially reduced by 50 basis points at once. RoboForex Market Analysis & Forex Forecasts 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

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

USDJPY: the yen has a strong chance of strengthening Stable bank lending and the Bank of Japan’s summary of opinions may support the yen’s strengthening against the US dollar. Discover more in our analysis for 11 November 2024. USDJPY forecast: key trading points Japan’s Bank Lending Rate (y/y): previously at 2.7%, currently at 2.7% The Bank of Japan summary of opinions Japan’s Economy Watchers Survey: previously at 49.0%, currently at 47.5 USDJPY forecast for 11 November 2024: 150.55 Fundamental analysis Japan’s Bank Lending Rate shows the total funds Japanese banks provide to borrowers, including businesses and individuals. The indicator is an important gauge for understanding economic activity, as growth in lending indicates increased spending and investment. The Japanese central bank closely monitors bank lending to regulate monetary policy effectively and stimulate economic growth. An increase in bank lending volume signals economic recovery, as rising demand for loans reflects confidence in economic prospects. Fundamental analysis for 11 November 2024 indicates that the lending rate remained at the previous level of 2.7%, which may suggest a stabilisation in Japan’s economy and inflation. The Bank of Japan’s summary of opinions is a report released after BoJ monetary policy meetings. This document outlines the principal opinions and discussions of the Policy Board members concerning the current economic situation, inflation, and financial conditions in Japan. It provides insight into the Bank of Japan’s assessment of economic risks and potential measures it may implement to stabilise inflation and promote sustainable economic growth. The summary of opinions is valuable to analysts and investors as it indicates potential changes in Japanese monetary policy. Japan’s Economy Watchers Survey is a monthly indicator measuring economic sentiment and expectations among representatives from various Japanese business sectors, including retail, transport, and services. The index is based on surveys of professionals directly involved with consumers, enabling timely observations of changes in demand and public sentiment. The index consists of two parts: current economic conditions and expectations for the coming months. An increase in the index indicates economic improvement, while a decline signals potential economic challenges. The indicator is widely used to forecast short-term trends in the Japanese economy. Although the forecast for 11 November 2024 suggested the index could fall to 47.2, the actual reading was 47.5. While this exceeded the forecast, it was below the previous level. Nevertheless, the actual result may be viewed positively for the Japanese yen. RoboForex Market Analysis & Forex Forecasts 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

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

Gold (XAUUSD) found support around 2,643 USD XAUUSD prices declined to 2,643 USD as part of a correction amid the US dollar’s strengthening, driven by the US election. The asset encountered strong demand at this level and is attempting to reverse upwards. More details in our XAUUSD analysis for today, 8 November 2024. XAUUSD forecast: key trading points Market focus: Donald Trump confidently won the US presidential election Market focus: the US Federal Reserve lowered the interest rate by 0.25% Current trend: a local correction is underway as part of the uptrend XAUUSD forecast for 8 November 2024: 2,643 and 2,710 Fundamental analysis XAUUSD quotes continue to trade within a local correction, after which upward momentum is expected to resume. The decline in Gold prices was due to the growth of the US dollar, supported by Donald Trump’s victory in the US presidential election. At yesterday’s meeting, the Federal Reserve unanimously decided to lower the interest rate by 0.25%, aligning with market expectations. In its accompanying statement, the US Fed noted that labour market conditions have generally improved, and inflation continues to gradually move towards the 2.0% target. RoboForex Market Analysis & Forex Forecasts 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

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

AUDUSD recouped mid-week’s losses The AUDUSD pair is rising on Thursday, with the Aussie supported by the RBA’s stance. More details in our analysis for 7 November 2024. AUDUSD forecast: key trading points The AUDUSD pair halted its rapid decline A tough RBA stance helped reduce this week’s losses AUDUSD forecast for 7 November 2024: 0.6688 Fundamental analysis The AUDUSD rate recovered on Thursday, reaching 0.6620. The Australian dollar has successfully recouped nearly all recent losses, supported by the Reserve Bank of Australia’s hawkish outlook and market optimism over potential measures to stimulate the Chinese economy. The AUDUSD pair fell by 1.9% yesterday due to pressure from a strong US dollar following Donald Trump’s resounding victory in the US presidential election. The RBA left the interest rate unchanged this week and signalled that monetary policy would remain restrictive for some time, supporting the AUD position. RoboForex Market Analysis & Forex Forecasts 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

USDCAD resumed growth: the market is watching the US election results The USDCAD pair is confidently rising, with the US dollar in demand as the majority of votes favour Trump. More details in our analysis for 6 November 2024. USDCAD forecast: key trading points The USDCAD pair surges The market is following the first reports on the US presidential election USDCAD forecast for 6 November 2024: 1.3950 Fundamental analysis The USDCAD rate rose to 1.3921 on Wednesday. Although the pair declined yesterday evening, the situation changed today with the release of the first US presidential election results. The US dollar is in strong demand as presidential candidate Donald Trump gains more votes than his opponent, Kamala Harris. Canadian statistics remain off the market’s radar. However, the private sector PMI rose to 50.7 points following a four-month decline. Oil prices also increased after OPEC+ decided to postpone its planned output increase. Although these factors support CAD’s fundamental strength, fortune favours the USD today. RoboForex Market Analysis & Forex Forecasts 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