Market Technical Analysis by RoboForex

[RBFX Support]

Brent crude prices fluctuate between hope for peace and the harsh reality of shortages

Brent prices remain in a narrow range while waiting for news on the resolution of the Middle East conflict. Brent quotes are trading around 92.50 USD. Discover more in our analysis for 16 April 2026.

Technical outlook

On the H4 chart, Brent prices formed an Inverted Hammer reversal pattern near the lower Bollinger Band. At this stage, as the signal plays out, quotes may form an upward wave, with the 101.75 USD resistance level as the upside target.

Oil prices remain hostage to the White House administration, with their future course depending on the outcome of the negotiations between Iran and the US.

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

[RBFX Support]

Modest employment data fails to deter bulls: AUDUSD continues to rise

After approaching the March highs, the AUDUSD pair is forming a correction following the release of Australian employment data. At the moment, the price is testing the 0.7165 level. Discover more in our analysis for 17 April 2026.

Technical outlook

On the H4 chart, the AUDUSD pair formed a Hammer reversal pattern while pulling back near the middle Bollinger Band. At this stage, quotes remain within an ascending channel and continue to form an upward wave following the signal, with the potential upside target at the 0.7225 resistance level.

The AUDUSD rate moved very close to the 0.7200 level, which it failed to break amid Australian employment data.

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