Forex Technical Analysis & Forecast by RoboForex

[Vlad RF]

USD versus oil: who will win the battle for USDCAD

Attempts by the CAD to regain its positions have failed, while the USD is recovering its losses. The USDCAD rate continues to rise and is trading around 1.3810. More details are in our analysis for 1 June 2026.

Technical outlook

On the H4 chart, near the lower Bollinger Band, the USDCAD price formed a Hammer reversal pattern. At this stage, it is continuing the upward wave as part of the signal from the pattern. Since the quotes remain within the boundaries of an upward channel, growth towards the nearest resistance at 1.3865 can be expected.

The CAD remains dependent on geopolitics and the cost of oil.

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

 

[Vlad RF]

Brent is waiting for news: what will happen to Hormuz?

Brent prices settled at 93.83 USD. Middle East talks are constantly stalled. Find more details in our analysis for 2 June 2026.

Technical outlook

On the H4 chart, Brent remains under pressure after a strong decline from May highs in the 108–109 per barrel area. After a series of sell-offs, quotes moved down into the 91–94 area, where the market is attempting to form a base for stabilisation.

Brent rose and then paused, with market indicators appearing mixed.

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

 

[Vlad RF]

GBPUSD on hold: caught between oil rally and high interest rates

The GBPUSD pair is standing in a narrow sideways range near 1.3464. The market needs strong news.

Technical outlook

The GBPUSD pair remains in a consolidation phase on the H4 chart after the sharp decline from May highs in the 1.3630–1.3650 area. After forming a local low near 1.3300, buyers recouped some losses, but a sustainable upward momentum has yet to emerge.

The GBPUSD pair remains without a strong catalyst, but holds below crucial levels.

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