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RBFX Support

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  1. RBFX Support
    GBPUSD surges on US economic worries The GBPUSD rate is correcting after rebounding from the 1.2855 resistance level. Find more details in our analysis for 9 April 2025. GBPUSD technical analysis The GBPUSD rate is rising despite persisting pressure from sellers. Today’s GBPUSD forecast suggests a continued upward correction, with the potential to reach 1.2945. The Stochastic Oscillator supports the bullish outlook, rebounding from the ascending support line, indicating buyers may be ready to push further. The GBPUSD rate is strengthening amid trade risks and expectations of Federal Reserve rate cuts. 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
  2. RBFX Support
    Strong data from Japan keeps USDJPY from rising further The USDJPY pair is slightly declining, currently trading at 147.70. Find more details in our analysis for 8 April 2025. USDJPY forecast: key trading points Donald Trump announces readiness to begin trade talks with Japan Japan posts a record current account surplus in February 2025 USDJPY forecast for 8 April 2025: 146.25 Fundamental analysis The USDJPY rate is retreating after Monday’s sharp rally, where the pair tested the key resistance level at 148.00. The Japanese yen temporarily weakened against the US dollar amid growing uncertainty around global trade — typically a driver of safe-haven demand. On the political front, Donald Trump confirmed his readiness to start trade negotiations with Japan following a phone call with Prime Minister Shigeru Ishiba. The upcoming talks will address a wide range of issues, including tariffs, currency policy, and state subsidies. Robust economic data keeps the yen from further weakening. In February 2025, Japan recorded a record current account surplus of 4.0607 trillion yen, driven by strong export growth amid high external demand and a decline in imports due to lower energy prices and subdued domestic consumption. 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
  3. RBFX Support
    Brent crude oil – a pause before further decline? Brent prices corrected to around 65.00 USD after falling to 62.50 USD on Monday. Today, market focus shifts to US crude oil inventory data from API. Discover more in our Brent analysis for 8 April 2025. Brent technical analysis Brent quotes corrected towards the 65.00 USD resistance level after the decline triggered by another escalation of the tariff war. The daily chart shows strong downward momentum. After the current correction, the decline may continue, with a key support level at 62.50 USD. Brent crude recovered to the 65.00 USD area after a sharp drop, but the risk of further decline persists. During the American session, markets will closely monitor API US crude oil stock data. 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
  4. RBFX Support
    USDCAD: monetary policy pivot – one report could change everything for the CAD Following the release of the Bank of Canada's Business Outlook Survey, the USDCAD pair could continue its decline towards the 1.4150 support level. Discover more in our analysis for 7 April 2025. USDCAD technical analysis On the H4 chart, the USDCAD pair has formed a Hammer reversal pattern near the lower Bollinger band. At this stage, it continues to correct following the pattern signal. Since the price remains within the descending channel, a correction to the nearest resistance at 1.4265 is likely. A rebound from this level may open the door for further downside momentum. The upcoming release of the Bank of Canada’s Business Outlook Survey and the CB Employment Trends Index could heighten volatility in the USDCAD pair. 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
  5. RBFX Support
    EURUSD remains in the eye of the storm: tariff fears dominate the market The EURUSD rate is hovering around 1.0990 on Monday as market chaos continues. Discover more in our analysis for 7 April 2025. EURUSD forecast: key trading points The EURUSD pair is moving more actively than usual Investors remain concerned about global trade tensions, although the White House maintains its stance EURUSD forecast for 7 April 2025: 1.1146 Fundamental analysis The EURUSD pair is trading around 1.0990 on Monday. Volatility remains above average. Investors are assessing the impact of Donald Trump’s tariff policy on inflation and economic growth. The global trade war is only escalating. Despite the market panic, the White House stands firm on its decision to impose retaliatory tariffs. On Sunday, Trump compared the tariffs to medicine you have to take to fix something. Previously, China agreed on a 34% tariff on all US-made goods, which may prompt similar measures from other countries. The unfolding tariff saga has intensified fears over US inflation and economic growth, complicating the Fed’s policy path. Markets are now pricing in a total of 100 basis points in rate cuts for 2025. 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
  6. RBFX Support
    AUDUSD falls along with the rest: external backdrop leaves no options The AUDUSD pair has fallen to 0.6232 as investors avoid risk. Find more details in our analysis for 4 April 2025. AUDUSD technical analysis On the H4 chart, the AUDUSD pair shows potential for a continued decline towards 0.6218, with an intermediate support level at 0.6225. The AUDUSD pair has dropped significantly amid investors’ risk aversion and overall bearish market sentiment. 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
  7. RBFX Support
    Friday chaos – Nonfarm Payrolls to shake up Gold (XAUUSD) again A decline in US Nonfarm Payrolls may boost XAUUSD quotes towards 3,160 USD. Discover more in our analysis for 4 April 2025. XAUUSD forecast: key trading points US Nonfarm Payrolls: previously at 151 thousand, projected at 137 thousand US unemployment rate: previously at 4.1%, projected at 4.1% Current trend: moving upwards XAUUSD forecast for 4 April 2025: 3,160 and 3,075 Fundamental analysis According to the XAUUSD forecast for 4 April 2025, US Nonfarm Payrolls may decline to 137 thousand from the previous 151 thousand. If the actual figure aligns with expectations, the market may see heightened volatility and a temporary weakening of the US dollar. The Nonfarm Payrolls release consistently generates strong market reactions and can either support the US dollar or make it lose ground. Today’s XAUUSD analysis also considers that the US unemployment rate for March is expected to remain unchanged at 4.1%. The lack of changes from the previous period would be a neutral factor for the USD. 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
  8. RBFX Support
    Brent crude oil corrects, but downside risks remain Brent prices are rising after bouncing off the 72.25 USD support level. Discover more in our analysis for 3 April 2025. Brent technical analysis Brent prices consolidated below the Moving Averages, indicating the dominance of sellers and increasing the likelihood of a continued downtrend. Prices are currently testing the 73.05 USD resistance level. Today’s Brent forecast suggests a rebound from this level and a move down towards 70.30 USD. Brent quotes are recovering from the decline, but concerns over the global economic outlook and rising US crude inventories continue to weigh on the market. 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
  9. RBFX Support
    EURUSD soared above 1.0900 after Trump imposed new tariffs The EURUSD rate has climbed above 1.0900 following the introduction of new US trade tariffs. Find out more in our analysis for 3 April 2025. EURUSD forecast: key trading points Market focus: US ADP employment data showed an increase of 155 thousand Market focus: Donald Trump imposed new tariffs on US trading partners Current trend: an uptrend is in place EURUSD forecast for 3 April 2025: 1.0800 and 1.0955 Fundamental analysis Yesterday, US President Donald Trump introduced a 10% baseline tariff on all imports, with even higher duties targeting key trading partners: 34% on China, 20% on the EU, and 24% on Japan. Additionally, a 25% tariff on foreign cars took immediate effect. Commenting on the move, Trump described the tariffs as a strategy to support domestic manufacturing and reduce the trade deficit. In response, the EURUSD pair surged as the US dollar came under pressure due to concerns over a potential US economic slowdown triggered by ongoing trade wars. 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
  10. RBFX Support
    EURUSD: economic storm on 2 April – what will Lagarde and Trump say, and how will it hit the dollar Speeches by the ECB head and the US President may boost the EURUSD pair to 1.0880. Find out more in our analysis for 2 April 2025. EURUSD technical analysis On the H4 chart, the EURUSD price formed an Engulfing reversal pattern near the lower Bollinger band. At this stage, it continues its upward trajectory following the received signal. Since the pair remains within an ascending channel, the price could rise to the nearest resistance at 1.0880. In anticipation of ECB President Lagarde’s speech and Trump’s remarks, combined with the EURUSD technical analysis, the forecast suggests a potential correction followed by growth towards the 1.0880 resistance level. 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
  11. RBFX Support
    USDJPY seeks direction as investors weigh risks The USDJPY pair is consolidating around 149.75. The market is closely watching the trajectory of the US dollar. Find more details in our analysis for 2 April 2025. USDJPY forecast: key trading points The USDJPY pair remains in consolidation The market avoids risk-taking while waiting for the first signals from the new round of US trade wars USDJPY forecast for 2 April 2025: 149.95 Fundamental analysis The USDJPY rate is hovering around 149.75 on Wednesday. The Japanese yen continues to move sideways as the market stays in wait-and-see mode ahead of the new round of US President Donald Trump’s tariff wars. Bank of Japan Governor Kazuo Ueda has warned that US tariffs could significantly impact global trade and economic growth. Earlier this week, data revealed a deterioration in Japanese business sentiment for Q1. This has raised concerns about the potential effects of US tariffs on Japan’s export-driven economy. The baseline forecast expects the Bank of Japan to raise interest rates by the end of 2025. However, fears over global trade and domestic economic uncertainty still cloud the outlook. The USDJPY forecast is 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
  12. RBFX Support
    Gold (XAUUSD) soared above 3,100 USD, setting a new all-time high XAUUSD prices are showing rapid growth, breaking above the 3,100 USD level. This week, the market will focus on US employment data. Find out more in our XAUUSD analysis for today, 31 March 2025. XAUUSD forecast: key trading points Market focus: another wave of the tariff war is expected this week, with Trump planning to impose a 25% tariff on imported cars Current trend: a strong uptrend is underway XAUUSD forecast for 31 March 2025: 3,150 and 3,100 Fundamental analysis Gold continues its rapid growth in the uptrend, now trading above the 3,100 USD mark. The precious metal remains in high demand from investors and central banks amid ongoing tariff wars by US President Donald Trump, who plans to introduce a 25% tariff on imported vehicles and announce a broader reciprocal tariff plan. This week, market focus will shift to US employment statistics, with the ADP report, Nonfarm Payrolls, and the unemployment rate scheduled for release. Stronger-than-expected figures could support the US dollar and trigger a correction in the XAUUSD pair. Conversely, weaker data would allow Gold to continue its upward move. 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
  13. RBFX Support
    USDCAD: US business activity on the brink – what lies ahead for the market Weakened business activity in Chicago and Dallas could trigger a fall in the USDCAD rate to 1.4260 following a correction. Discover more in our analysis for 31 March 2025. USDCAD technical analysis On the H4 chart, the USDCAD price formed an Inverted Hammer reversal pattern near the lower Bollinger band. At this stage, it continues its upward trajectory following the signal received. Since the price remains within a descending channel, a correction towards the nearest resistance level at 1.4360 is expected. If the price rebounds from this resistance, a downtrend may develop. Weak US economic indicators, combined with USDCAD technical analysis, suggest that the pair may continue its downward trajectory once the correction is complete. 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
  14. RBFX Support
    Gold (XAUUSD) hits record highs, surging to the 3,100 USD area XAUUSD prices are rallying sharply, setting a new all-time high at 3,086 USD. Today, the market awaits US inflation data. Discover more in our XAUUSD analysis for 28 March 2025. XAUUSD technical analysis XAUUSD quotes continue their confident upward momentum, setting a new all-time high at 3,086 USD today. The psychologically important 3,000 USD level now acts as key support within the trend. Gold (XAUUSD) is strengthening, reaching a new all-time high of 3,086 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
  15. RBFX Support
    Bearish scenario for USDJPY: the market poised for a Wedge pattern breakout The USDJPY rate is edging lower, but buyers are not retreating from the 151.75 resistance level. Find out more in our analysis for 28 March 2025. USDJPY forecast: key trading points Tokyo inflation accelerated to 2.4%, exceeding the BoJ’s target for the fifth consecutive month Kazuo Ueda confirmed the possibility of further interest rate hikes The formation of a Wedge reversal pattern could trigger yen strengthening USDJPY forecast for 28 March 2025: 149.05 Fundamental analysis The USDJPY rate has slightly declined following the release of the Bank of Japan’s March meeting minutes. The regulator reiterated its commitment to a flexible approach to monetary policy, reinforcing expectations for further rate hikes. This supports the yen and, according to the USDJPY forecast, may prevent a breakout above the key 151.75 resistance level. At the same time, Tokyo’s inflation rose to 2.4%, adding to pressure on the BoJ. This marks the fifth consecutive month that core inflation has exceeded the Bank of Japan’s 2.0% target, strengthening expectations for continued monetary policy normalisation. Nevertheless, earlier this week, BoJ Governor Kazuo Ueda signalled that further rate hikes remain on the table if economic conditions align with the central bank’s outlook. 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
  16. RBFX Support
    Brent continues to climb: data favours buyers Brent crude oil rose to 73.15 USD. US stockpiles are declining faster than expected. Find more details in our analysis for 27 March 2025. Brent technical analysis On the H4 chart, the primary scenario for Brent suggests a further rise towards 73.52, from where the market could move to 74.00. Brent oil is maintaining its upward momentum. 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
  17. RBFX Support
    EURUSD rebounds amid Trump’s trade threats The EURUSD rate is rising, with buyers testing the 1.0785 resistance level. Discover more in our analysis for 27 March 2025. EURUSD forecast: key trading points Investors fear that trade restrictions will slow US economic growth US durable goods orders rose by 0.9% in February The Stochastic Oscillator indicates the bearish correction may be ending EURUSD forecast for 27 March 2025: 1.0945 Fundamental analysis The EURUSD rate is recovering after six consecutive trading sessions of decline. The European currency received support following US President Donald Trump’s decision to impose 25% tariffs on imported cars and light trucks. Investor concerns that these trade restrictions could hamper US economic growth and accelerate inflation may support the current EURUSD gains, according to the EURUSD forecast for today. Meanwhile, US durable goods orders data rose unexpectedly by 0.9% in February to 289.3 billion USD, exceeding forecasts. Market focus now shifts to Friday’s PCE price index report, a key inflation gauge for the Federal Reserve, and the mutual tariffs expected to be announced next week. 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
  18. RBFX Support
    Gold (XAUUSD) resumes growth: market fears US tariffs Gold (XAUUSD) is hovering around 3,020 USD on Wednesday, with investors interested in safe-haven assets. Discover more in our analysis for 26 March 2025. XAUUSD forecast: key trading points Gold (XAUUSD) continues to rise after a brief pause Markets still seek risk protection amid Trump’s tariff wars XAUUSD forecast for 26 March 2025: 3,036 and 3,057 Fundamental analysis Gold (XAUUSD) prices strengthened to 3,020 USD. The market is heading for record levels again as Gold's appeal as a safe-haven asset increases, fuelled by uncertainty over the upcoming US retaliatory tariffs. While President Donald Trump’s tariff plans may be limited and targeted, investors are still pricing in considerable risk. The new round of tariffs set to begin on 2 April will signal an escalation in trade tensions between the US and its key partners. At the same time, geopolitical developments also remain in focus, with the US playing a diplomatic role. This involves potential easing of sanctions against Russia. In the long run, this could reduce investor appetite for Gold. The Gold (XAUUSD) forecast is positive. 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
  19. RBFX Support
    GBPUSD loses ground amid collapse in US consumer expectations The GBPUSD rate is falling, with sellers holding the 1.2950 resistance level. Discover more in our analysis for 26 March 2025. GBPUSD technical analysis The GBPUSD rate is showing a slowdown in the uptrend as prices have broken below the lower boundary of the bullish channel. The pair is now consolidating within a Triangle pattern. Today’s GBPUSD forecast anticipates a drop towards the 1.2805 level. The Stochastic Oscillator supports the bearish scenario as its values are bouncing off the resistance line. Improved business activity in the UK supports the British pound. 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
  20. RBFX Support
    EURUSD halted its decline: market remains tense as risks mount The EURUSD pair paused around 1.0819. The market continues to monitor the situation around US trade tariffs. Find more details in our analysis for 24 March 2025. EURUSD technical analysis On the H4 chart, a clear downtrend continues to unfold for EURUSD, with a new selling target at 1.0806. If the price consolidates below this level, the next downside target will be 1.0725. The EURUSD pair has declined significantly, but the risks of further selling persist, with the 2 April deadline lying ahead. 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
  21. RBFX Support
    USDJPY surges as slump in Japan’s business activity crushes the yen The USDJPY rate is strengthening, with buyers aiming to test the 150.15 resistance level. Find out more in our analysis for 24 March 2025. USDJPY forecast: key trading points The au Jibun Bank Japan Composite PMI fell to 48.5 in March The Bank of Japan’s governor says the regulator will continue to raise interest rates Moving averages confirm the bullish trend in USDJPY USDJPY forecast for 24 March 2025: 151.15 Fundamental analysis The USDJPY rate is rising for the second consecutive session as the Japanese yen remains under pressure from weakening business activity. According to preliminary data, the au Jibun Bank Japan Composite PMI fell to 48.5 in March from 52.0 in February, marking the first contraction in the private sector since October and the sharpest decline since February 2022. Manufacturing has been in decline for the ninth consecutive month, and the services sector has now also entered contraction territory. Meanwhile, Bank of Japan Governor Kazuo Ueda emphasised that the regulator will continue to raise interest rates if core inflation nears 2%. Markets still expect the BoJ to tighten its monetary policy this year amid persistent inflationary pressure and rising wages. According to today’s USDJPY forecast, these factors may limit further weakening of the 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
  22. RBFX Support
    AUDUSD is falling for the fourth consecutive day: no one needs risk The AUDUSD pair is under pressure, hovering at 0.6287. The market is cautious. Discover more in our analysis for 21 March 2025. AUDUSD technical analysis On the AUDUSD H4 chart, the sentiment remains negative and does not rule out the extension of the selling wave towards 0.6270. A breakout below this level will open the way for a decline to 0.6246. The AUDUSD pair is under pressure for the fourth consecutive day, and so far, it is only falling. 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
  23. RBFX Support
    The Fed holds off on rate cuts: is EURUSD set to collapse? The EURUSD pair is falling for the third consecutive trading session, with the price currently at 1.0823. Find out more in our analysis for 21 March 2025. EURUSD forecast: key trading points Easing concerns about an economic downturn put pressure on the EURUSD rate The Federal Reserve kept interest rates unchanged and reiterated plans for two more cuts this year The EURUSD pair is testing the lower boundary of a Double Top reversal pattern EURUSD forecast for 21 March 2025: 1.0680 Fundamental analysis The EURUSD rate is declining as the Federal Reserve has signalled that it is in no rush to lower interest rates. The US dollar receives additional support from easing concerns about an economic slowdown amid US President Donald Trump’s active trade policy. Furthermore, Federal Reserve Chairman Jerome Powell called the imposed tariffs a temporary measure and emphasised that the regulator does not rush to ease monetary policy further. On Wednesday, the Fed held rates steady and reiterated its forecast for two quarter-percentage-point cuts this year, which is in line with the median forecast. Traders are seeing signs of a potential EURUSD reversal, according to today’s forecast. The quotes are currently testing a key support level, a breakout below which may push the currency pair lower. 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
  24. RBFX Support
    Can a reversal pattern send down Brent prices? Brent prices are strengthening, currently standing at 70.99 USD. Discover more in our analysis for 20 March 2025. Brent forecast: key trading points US gasoline and distillate inventories fell to their lowest levels since early 2025 The Head and Shoulders pattern on the Brent chart indicates a potential price decline Brent forecast for 20 March 2025: 66.65 Fundamental analysis Brent prices continue to rise for the second consecutive trading session. However, buyers cannot surpass the key resistance level at 71.00 USD yet. Brent quotes are supported by US inventory data and escalating tensions in the Middle East, fuelling concerns about possible oil supply disruptions. Wednesday’s data showed a sharp decline in distillate and gasoline stocks to their lowest levels since early 2025 despite an increase in crude oil inventories. Gasoline stocks decreased by 527 thousand barrels, with distillate inventories down by 2.80 million barrels. At the same time, commercial crude oil reserves in the US rose by 1.75 million barrels last week. Investors currently continue to assess the prospects for US economic growth. The Federal Reserve reiterated its forecast for two benchmark interest rate cuts this year, which supports the oil market, according to the Brent price forecast. 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
  25. RBFX Support
    USDJPY: yen vs. dollar – a surprise turn after the Fed decision The US interest rate decision and weaker fundamentals may cause the yen to strengthen and push the USDJPY rate down to the 147.50 support level. Find more details in our analysis for 20 March 2025. USDJPY technical analysis Having tested the upper Bollinger band, the USDJPY price has formed a Harami reversal pattern on the H4 chart. At this stage, it is moving downwards following the pattern signal. Since the quotes have rebounded from the resistance level and continue to move within the descending channel, they are expected to decline further to the support level. The Japanese yen is strengthening despite the public holiday in Japan amid expectations of a BoJ interest rate hike and the Fed’s decision. 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

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