RBFX Support

Murrey Math Lines 06.06.2024 (USDCHF, XAUUSD) USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes have broken below the 200-day Moving Average on D1, indicating a potential downtrend. However, the RSI has reached the overbought area. As a result, in this situation, the price is expected to rebound from the 5/8 (0.8911) level and rise to the resistance at 6/8 (0.9033). A breakout below the 5/8 (0.8911) level could cancel this scenario, pushing the pair further down to the support at 4/8 (0.8789). On M15, the price rise might be additionally supported by a breakout of the VoltyChannel upper line. XAUUSD, “Gold vs US Dollar” Gold quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to surpass the 3/8 (2375.00) level and rise further to the 4/8 (2500.00) resistance level. A rebound from the 3/8 (2375.00) level could cancel this scenario, leading to a potential decline to the 2/8 (2250.00) support level. Read more - Murrey Math Lines (USDCHF, XAUUSD) 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

CAD has strengthened. Overview for 06.06.2024 The Canadian dollar, paired with the US dollar, has strengthened. The current USDCAD exchange rate stands at 1.3678. In the medium term, the pair remains within a wide sideways channel. Yesterday, the Bank of Canada reduced the interest rate for the first time in four years to 4.75% per annum from the previous 5.00%. The regulator cited the progress achieved in its battle against inflation as an argument for this decision. According to the Bank of Canada’s press release, the core Consumer Price Index is declining, providing a reason to abandon restrictive monetary policy. At least four inflation components improved significantly, including core inflation, the core price index with its median and average values, and the 3-month moving average. Some CPI components rose by over 3%, close to a historical average value. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Japanese Candlesticks Analysis 05.06.2024 (XAUUSD, NZDUSD, GBPUSD) XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer pattern. The instrument is currently following the reversal signal in an ascending wave. The growth target could remain at 2400.00. After testing the resistance level, the price could break above it and continue its upward momentum. However, the quotes could correct to 2305.00 before rising. NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD has formed a Shooting Star reversal pattern on H4. The instrument is currently following the reversal signal in a descending wave. The target for correction could be 0.6165. After testing the support level, the quotes might continue the uptrend. However, the price could rise to 0.6225 without a pullback. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has formed a Hanging Man reversal pattern on H4. The instrument is currently following the reversal signal in a descending wave. The target for correction could be 1.2725. However, the price might rise to 1.2860 and maintain its upward trajectory without testing the support level. Read more - Japanese Candlesticks Analysis (XAUUSD, NZDUSD, GBPUSD) 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 corrected itself. Overview for 05.06.2024 The major currency pair stabilised on Wednesday after surging earlier. The current EURUSD exchange rate stands at 1.0877. The market is gathering strength ahead of Friday’s US employment market report. Investors are currently interpreting isolated signals, with the previous day’s surprising data from the April job openings report still fresh in their minds. The report revealed a significant drop, reaching its lowest level in three years. Specifically, JOLTS statistics showed that job vacancies decreased by 296 thousand, totalling 8.059 million, the lowest value since February 2021. Investors usually do not pay much attention to such a release, but it has gained attention because the market is concerned about the tone of Friday’s data on the labour market. Non-farm payrolls (NFP) are expected to have risen by 185 thousand in May compared to April’s 175 thousand. A weak employment report is good news for the US Federal Reserve, providing more arguments for a rate cut. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Murrey Math Lines 04.06.2024 (AUDUSD, NZDUSD AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to surpass the 6/8 (0.6713) level and rise to the resistance at 7/8 (0.6774). A breakout below the 5/8 (0.6652) level could cancel this scenario, potentially causing the quotes to drop to the 4/8 (0.6591) support level. On M15, the upper line of the VoltyChannel is broken, which increases the probability of a further price rise. NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. However, the RSI has reached the overbought area. As a result, in this situation, the price is expected to test the 6/8 (0.6225) level, rebound, and decline to the support at 4/8 (0.6103). The scenario could be cancelled by surpassing the 6/8 (0.6225) level. In this case, the quotes might rise to the resistance at 7/8 (0.6286). Read more - Murrey Math Lines (AUDUSD, NZDUSD) 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

EUR has surged. Overview for 04.06.2024 The primary currency pair continues to climb higher on Tuesday. The current EURUSD exchange rate stands at 1.0908. The US dollar has retreated to its lowest value since 21 March as signs of persisting weakening in the US economy strengthen arguments for an imminent interest rate cut by the US Federal Reserve. The US ISM manufacturing PMI in May decreased to 48.7 points from the previous 49.2, falling short of expectations. According to the LSEG monitor, the likelihood of a Federal Reserve rate cut in September is currently estimated at 59.1% compared to 55.0% on Friday. This anticipation is further heightened by growing expectations, which were no more than 50.0% early last week. The employment market data for May, particularly the wage parameters, which are significant in the context of inflation, will be crucial this week. The Federal Reserve’s next meeting will conclude on 12 June, and the latest consumer price data will be released that day. Although no risk is expected at this meeting, the Federal Reserve must update its economic forecasts. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Murrey Math Lines 03.06.2024 (EURUSD, GBPUSD) EURUSD, “Euro vs US Dollar” EURUSD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to surpass the 5/8 (1.0864) level and rise to the resistance at 6/8 (1.0986). The scenario could be cancelled by a breakout of the 4/8 (1.0772) level, which might lead to a trend reversal, pushing the pair to the 3/8 (1.0620) support level. On M15, the upper line of the VoltyChannel is broken, which increases the probability of a price rise. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD quotes are in the overbought area on D1. The RSI has breached the support line. In this situation, the price is expected to break below the 8/8 (1.2695) level and decline to the support at 7/8 (1.2573) support. The scenario could be cancelled by surpassing the +1/8 (1.2817) level. In this case, the pair might rise to the resistance at +2/8 (1.2939). Read more - Murrey Math Lines (EURUSD, GBPUSD) 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

NZD continues its ascent. Overview for 03.06.2024 The New Zealand dollar is rising against the US dollar. The current NZDUSD exchange rate stands at 0.6142. Trading volumes for the NZD appear relatively small at the beginning of the week due to the market pause in observance of the King's Birthday. The main support for the NZD now is the weak US dollar. The US Personal Consumption Expenditures index, Core PCE, for April, released on Friday, was in line with expectations at 2.7% y/y, allowing the US Federal Reserve to lower the interest rate this year. The dollar has naturally weakened while other currencies have risen. Maintaining high interest rates in New Zealand supports the NZD's position despite some weakening in the domestic economy. Earlier, the RBNZ reaffirmed its hawkish stance on monetary policy, surprising many by considering an interest rate hike. Meanwhile, inflation expectations remain unchanged, slightly reducing the likelihood of monetary policy tightening. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Murrey Math Lines 31.05.2024 (Brent, S&P 500) Brent Brent crude oil quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI has crossed the support line. In this situation, the price is expected to break through the 2/8 (81.25) level and subsequently fall to the 1/8 (78.12) support level. A breakout above the 3/8 (84.38) level could invalidate this scenario, leading to a trend reversal and a rise in quotes to the 4/8 (87.50) resistance level. On M15, the lower line of the VoltyChannel indicator is breached, increasing the probability of a price decline. S&P 500 S&P 500 index quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI is testing the support line. In this situation, the price is expected to surpass the 6/8 (5312.5) level and rise further to the 7/8 (5468.8) resistance level. A breakout below the 5/8 (5156.2) level could invalidate this scenario, potentially causing the quotes to drop to the 4/8 (5000.0) support level. Read more - Murrey Math Lines (Brent, S&P 500) 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

EUR is growing, but the dollar is gloomy. Overview for 31.05.2024 The primary currency pair is gaining on Friday. The current exchange rate for EURUSD is 1.0817. The US dollar stabilised by today, but it noticeably weakened the evening before. This development was attributed to the publication of the second estimate of the US GDP for Q1 2024. The data do not rule out the possibility of US Federal Reserve interest rate cuts this year. The statistics showed that GDP increased by only 1.3% y/y in January-March, while the first estimate reflected a 1.6% rise. This deterioration in the data has opened the door for the Fed to consider at least one rate cut by the end of the year. The market's current assessment of the likelihood of monetary policy easing at the September meeting stands at 55%, compared to 51% a day earlier. Today, the market focuses on the Core PCE, the Fed's preferred inflation component. By this evening, the market will have more data on which to base speculations about the Federal Reserve's monetary policy outlook. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Murrey Math Lines 30.05.2024 (USDCHF, XAUUSD) USDCHF, "US Dollar vs Swiss Franc" On the M15 timeframe, USDCHF quotes are currently above the 200-day Moving Average, indicating a prevailing uptrend. The Relative Strength Index (RSI) has breached the resistance line. In this scenario, further upward movement is anticipated towards the nearest resistance at 7/8 (0.9155), followed by a price increase to resistance at 8/8 (0.9277). However, a breakout below the 6/8 (0.9033) support level could invalidate this scenario, potentially leading to a decline towards 5/8 (0.8911). On the M15 timeframe, the upper line of the VoltyChannel indicator was breached, increasing the likelihood of further price appreciation. XAUUSD, “Gold vs US Dollar” On the D1 timeframe, gold prices are currently above the 200-day Moving Average, indicating a prevailing uptrend. The RSI is testing the support line. In this scenario, we anticipate a breakthrough above the 3/8 level (2375.00), followed by a further price increase towards the resistance at 4/8 (2500.00). However, a breakout below the 2/8 level (2250.00) could invalidate this scenario, potentially leading to a decline towards the 1/8 support level (2125.00). Read more - Murrey Math Lines (USDCHF, XAUUSD) 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 is under selling pressure. Overview for 30.05.2024 The primary currency pair looks relatively weak on Thursday. The current exchange rate for EURUSD is 1.0792. Yesterday, a substantial rise in US government bond yields significantly impacted the US dollar, pulling it up and causing a dramatic shift in sentiment in the currency market and a subsequent decrease in risk appetite. Expectations for a Federal Reserve interest rate cut this year have decreased amid signs of persistent inflation. According to the CME FedWatch monitor, the likelihood of a rate cut at the September meeting is estimated at 56.6%, down from 57.5% a week earlier. However, there is much discussion in the market that the rate cut might occur in November instead of September, which is essential to bear in mind. The Fed itself has not provided any additional comments on this matter. The release of revised US GDP statistics for Q1 today is expected to be a significant event, potentially leading to increased volatility. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Murrey Math Lines 29.05.2024 (USDJPY, USDCAD) USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has surpassed the resistance line. In this situation, the price is expected to rise further to the nearest resistance at 7/8 (159.37). A breakout below the 6/8 (156.25) support level could cancel this scenario, leading to a potential decline to 5/8 (153.12). On M15, the upper line of the VoltyChannel is broken, which increases the probability of a further price rise. USDCAD, “US Dollar vs Canadian Dollar” USDCAD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to surpass the 8/8 (1.3671) level and rise further to the +1/8 (1.3793) resistance level. A breakout below the 7/8 (1.3549) level could cancel this scenario, leading to a potential decline to the 6/8 (1.3427) support level. Read more - Murrey Math Lines (USDJPY, USDCAD) 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

JPY is gradually retreating. Overview for 29.05.2024 The Japanese yen is declining against the US dollar on Wednesday. The current USDJPY exchange rate stands at 157.24. The instrument is currently at a four-week high. The yen has returned to the levels observed before Tokyo intervened to support the national currency in late April and early May. On 29 April, the US dollar reached a 34-year peak of 160.24 yen, prompting at least two currency interventions by the Japanese monetary authorities. According to various estimates, about nine trillion yen or more (57.21 billion USD) was spent to support the weak yen. The JPY exchange rate stabilised and recouped some losses, but not for long. The Japanese monetary authorities continue to make verbal interventions, which have no impact on the market. As the market suggests, without real actions, the dollar-yen exchange rate will rapidly return to levels preceding the intervention. The Bank of Japan may expect an interest rate hike if a sharp weakening of the yen rate leads to inflationary growth. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Ichimoku Cloud Analysis 28.05.2024 (GBPUSD, XAUUSD, USDCHF) GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has established itself above the resistance level. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Kijun-Sen line at 1.2745 is expected, followed by a rise to 1.2935. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.2565, indicating a further decline to 1.2475. XAUUSD, “Gold vs US Dollar” Gold is correcting while forming a bearish Flag pattern. The instrument is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Kijun-Sen line at 2360 is expected, followed by a fall to 2275. A rebound from the upper boundary of the Flag pattern would be an additional signal confirming the fall. This scenario could be cancelled by a breakout above the upper boundary of the Cloud, with the price securing above 2405, indicating a further rise to 2455. Conversely, a decline could be confirmed by a breakout below the lower boundary of the Flag pattern, with the price gaining a foothold below 2335. USDCHF, “US Dollar vs Swiss Franc” USDCHF is declining following a rebound from the resistance level. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 0.9095 is expected, followed by a rise to 0.9225. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the increase. This scenario could be cancelled by a breakout below the lower boundary of the Cloud, with the price securing below 0.9035, indicating a further decline to 0.8945. Read more - Ichimoku Cloud Analysis (GBPUSD, XAUUSD, USDCHF) 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

EUR continues to rise. Overview for 28.05.2024 The primary currency pair is experiencing upward momentum. The current EURUSD exchange rate stands at 1.0875. The currency market is witnessing an encouraging surge in risk appetite, bolstering the euro’s position and exerting pressure on the US dollar. The US currency is holding within narrow ranges against its major competitors ahead of Friday’s core PCE report. The inflation release is expected to provide investors with more data for insight into the Federal Reserve’s future monetary actions. The European Central Bank has made neutral comments, while German statistics have reflected a deterioration in business sentiment in May. Germany will release inflation data on Wednesday, and the eurozone will publish its reports on Friday. These figures are of utmost importance ahead of the ECB’s June meeting. Investors are eager to know how soon the ECB might ease monetary policy. Inflation in the eurozone may continue to slow. If so, the European regulator has every argument to prepare for an interest rate cut next week. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Murrey Math Lines 27.05.2024 (EURUSD, GBPUSD) EURUSD, “Euro vs US Dollar” EURUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI has breached the resistance line. In this situation, the price is expected to surpass the 5/8 (1.0864) level and rise to the resistance at 6/8 (1.0986). The scenario might be cancelled by a breakout of the 4/8 (1.0772) level, which might lead to a trend reversal, pushing the pair to the 3/8 (1.0620) support level. On M15, the upper line of the VoltyChannel is broken, which increases the probability of a price rise. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI is approaching the overbought area. In this situation, the price is expected to test the 5/8 (1.2817) level, rebound and drop to the support at 4/8 (1.2695). The scenario could be cancelled by a breakout of the 4/8 (1.2695) level. In this case, the pair might decline to the support at 3/8 (1.2573). Read more - Murrey Math Lines (EURUSD, GBPUSD) 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

JPY has strengthened. Overview for 27.05.2024 The Japanese yen has moderately risen against the US dollar. The current USDJPY pair stands at 156.73. Bank of Japan monetary policymakers are actively commenting on current developments. Bank of Japan Governor Kazuo Ueda noted that it is premature to address interest rate issues until inflation expectations consolidate. Assessing a fair, neutral interest rate level is currently very difficult. His colleague, Bank of Japan Deputy Governor Shinichi Uchida, believes the BoJ is close to completing its battle against deflation. He noted that wage growth will likely continue. Japan has been combating deflation for over a decade and has yet to be successful. Previously released inflation data exerted local pressure on the yen. The overall consumer price index decreased to 2.5% in April from 2.7% in March. April’s core inflation fell to 2.2% from 2.6% in March, marking the second consecutive month of decline. These are not the most favourable figures. The Bank of Japan continues to fight for stable prices. The interest rate will remain unchanged until signs of confidence in this area emerge. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Ichimoku Cloud Analysis 24.05.2024 (GBPUSD, AUDUSD, XAUUSD) GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has consolidated under the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2865. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. This scenario could be invalidated by a breakout below the lower boundary of the Cloud, with the price securing below 1.2545, indicating a potential decline to 1.2455. AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is testing the lower boundary of the descending channel. The pair is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the lower boundary of the Cloud at 0.6645 is expected, followed by a fall to 0.6475. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the fall. This scenario could be invalidated by a breakout above the upper boundary of the Cloud, with the price securing above 0.6705, indicating a potential rise to 0.6805. XAUUSD, “Gold vs US Dollar” Gold is undergoing a correction after an aggressive fall. The instrument is moving below the Ichimoku Cloud, suggesting a downtrend. A test of the Kijun-Sen line at 2355 is expected, followed by a fall to 2255. An additional signal confirming the decline would be a rebound from the upper boundary of the bearish channel. The scenario could be invalidated by a breakout above the upper boundary of the Cloud, with the price securing above 2420, indicating a further rise to 2475. Conversely, a decline could be confirmed by a breakout below the lower boundary of the bullish channel, with the price establishing itself below 2295. Read more - Ichimoku Cloud Analysis (GBPUSD, AUDUSD, XAUUSD) 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 shows no resistance. Overview for 24.05.2024 The primary currency pair continues to weaken at the end of the week. The current exchange rate for EURUSD stands at 1.0805. May statistics showed that business activity in the US accelerated to the highest level in two years. The preliminary value of the Markit Services PMI increased to 54.8 points in May from 51.3 points previously, and the Manufacturing PMI in May rose to 50.9 points from 50.0 points. At the same time, several manufacturers reported an increase in prices for a range of resources, providing one of the reasons for revising expectations regarding the US Federal Reserve interest rates. Such signals are pro-inflationary and are negative news for the Fed. According to CME's FedWatch monitor, the timing for the Fed's first interest rate cut has now been pushed from November to December. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Murrey Math Lines 23.05.2024 (USDCHF, XAUUSD) USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes on the D1 period are above the 200-day Moving Average, indicating the prevailing upward trend. The Relative Strength Index has overcome the resistance line. In this situation, we expect the 7/8 (0.9155) level to be surpassed, followed by a price increase to the resistance at 8/8 (0.9277). The scenario could be invalidated by a breakout of the 6/8 (0.9033) support level. In this case, the price may decline to 5/8 (0.8911). In the M15 period, the upper line of the VoltyChannel indicator was breached, confirming the upward trend, and increasing the likelihood of further price growth. XAUUSD, “Gold vs US Dollar” XAUUSD quotes on the D1 are above the 200-day Moving Average, indicating the prevailing upward trend. However, there is a divergence in the Relative Strength Index indicator. Consequently, a 3/8 (2375.00) breakout is anticipated in this situation, leading to a subsequent price decline to the support at 2/8 (2250.00). A breakout above the 3/8 (2375.00) could nullify the scenario, with the quotes potentially reaching the 4/8 (2500.00) resistance level. Read more - Murrey Math Lines (USDCHF, XAUUSD) 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

GBP is appreciating. Overview for 23.05.2024 The British pound sterling is still ascending against the US dollar. The current exchange rate for GBPUSD stands at 1.2727. Yesterday's published statistics revealed a decrease in British inflation. On a year-on-year basis, the Consumer Price Index in April fell to 2.3% from the previous 3.2%. The forecast had anticipated a more significant decline to 2.1% y/y. On a month-on-month basis, inflation rose by 0.3% compared to the previous 0.6%, once again defying expectations and not ruling out the 0.2% increase. Investors' reaction to the inflation statistics was not positive. The data suggests that the Bank of England will maintain a wait-and-see stance for now, but by August, it may be ready to begin an easing cycle. These expectations are worse than before: prior to the release of statistics, the market had anticipated a cut in the BoE interest rate as early as June. It is said on the market that the pound currently needs grounds to stand out among the G-10 currencies. The interest rate in the UK remains at 5.25% per annum. With it staying high, the pound is gaining on this front. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Japanese Candlesticks Analysis 22.05.2024 (EURUSD, USDJPY, EURGBP) EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the 1.0910 resistance level. However, the price could pull back to 1.0835 and continue its upward momentum after testing the support. USDJPY, “US Dollar vs Japanese Yen” USDJPY has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be the 157.50 mark. However, the price could correct to 155.65 and maintain its upward trajectory after pulling back to the support level. EURGBP, “Euro vs Great Britain Pound” EURGBP has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be the 0.8665 mark. After testing this level and breaking above it, the price might continue the uptrend. However, the quotes could pull back to 0.8525 before rising. Read more - Japanese Candlesticks Analysis (EURUSD, USDJPY, EURGBP) 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 activity has declined. Overview for 22.05.2024 The primary currency pair is hardly moving on Wednesday. The current EURUSD exchange rate stands at 1.0853. The US dollar appears stable as the currency market conserves strength ahead of tonight’s release of the Federal Reserve’s last meeting minutes. Investors have already weighed calls for patience from some monetary policymakers and are now eager to compare these comments with the official documents. With a scarcity of significant macroeconomic statistics scheduled for this week, the market has to depend on its own data and interpretations of current developments. The major currencies are moving within narrow ranges. Meanwhile, forecasts for a stronger-than-expected interest rate cut are becoming more relevant following last week’s weak April inflation reports release. The consensus forecast suggests the Federal Reserve will lower interest rates by 43 basis points this year. A week ago, this figure was 52 basis points. Fundamental analysis for other instruments can be found in the section "Forex Forecasts and Analysis" on our website. 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

Murrey Math Lines 21.05.2024 (AUDUSD, NZDUSD) AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI is testing the support line. In this situation, the price is expected to rebound from the 5/8 (0.6652) level and rise to the resistance at 7/8 (0.6774). The scenario could be cancelled by a breakout of the 4/8 (0.6591) level. In this case, the quotes might decline to the support at 2/8 (0.6469). On M15, the price rise might be additionally supported by a breakout of the upper line of the VoltyChannel. NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend. The RSI has breached the resistance line. In this situation, the price is expected to surpass the 4/8 (0.6103) level and rise to the resistance at 6/8 (0.6225). The scenario could be cancelled by a breakout of the 3/8 (0.6042) level. In this case, the quotes might drop to the support at 1/8 (0.5920). Read more - Murrey Math Lines (AUDUSD, NZDUSD) 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