RBFX Support Posted Monday at 09:04 AM Author Report Share Posted Monday at 09:04 AM 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted Wednesday at 09:11 AM Author Report Share Posted Wednesday at 09:11 AM 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted yesterday at 11:06 AM Author Report Share Posted yesterday at 11:06 AM 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 Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted 5 hours ago Author Report Share Posted 5 hours ago 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 Quote Link to comment Share on other sites More sharing options...
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