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

[RBFX Support]

Risk aversion or high oil prices: what will prevail in USDCAD

After declining, the USDCAD pair is forming a pullback while waiting for data from Canada. Quotes are trading around 1.3680. Find out more in our analysis for 20 April 2026.

Technical outlook

On the H4 chart, the USDCAD pair formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, after the correction, it may continue the upward wave following this signal. Since quotes are within an ascending channel, growth towards the nearest resistance level at 1.3750 may be expected.

The USDCAD pair remains under the influence of geopolitics and oil prices, which are supporting the CAD.

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

[RBFX Support]

EURUSD on the edge of a sharp move: who will win – diplomacy or geopolitics

After rising, the EURUSD rate is forming a correction and remains under pressure from the Middle East conflict. EURUSD quotes are hovering around 1.1775. Find out more in our analysis for 21 April 2026.

Technical outlook

On the H4 chart, the EURUSD pair formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, quotes may continue their upward movement following this signal. Since they remain within an ascending channel, the 1.1870 resistance level may act as the upside target.

The conflict in the Middle East remains the main trigger for the EURUSD rate.

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

[RBFX Support]

XAUUSD in a trap: a ceasefire or failed negotiations will decide gold’s fate

After a sharp decline, XAUUSD quotes are attempting to regain lost ground and are currently testing the 4,750 USD level. Discover more in our analysis for 22 April 2026

Technical outlook

On the H4 chart, XAUUSD has formed a Hammer reversal pattern near the lower Bollinger Band and could continue its upward momentum following the pattern’s signal. Since XAUUSD prices remain within an ascending channel, the 4,970 USD resistance level may act as the upside target.

Gold prices are not rising due to a combination of external factors and geopolitical tensions in the Middle East.

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