The USDCHF rate is slightly correcting but remains within a descending channel. Discover more in our analysis for 10 September 2024.
USDCHF technical analysis
The USDCHF H4 chart shows that the market is forming a consolidation range around 0.8477. The price could break above the 0.8500 level today, 10 September 2024. Breaking above the 0.8500 mark may be considered a signal for a further upward movement, opening the potential for a growth wave towards 0.8555.
The USDCHF currency pair is under pressure due to expectations of crucial US inflation data, which may impact the Federal Reserve’s decision to cut interest rates.
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.
EURUSD declined: US political debates and inflation report are ahead
The EURUSD pair hovers at a four-week low on Wednesday. The market appears wary. Discover more in our analysis for 11 September 2024.
EURUSD technical analysis
On the EURUSD H4 chart, the market has completed a downward wave, reaching 1.1015. A correction towards 1.1046 (testing from below) is expected today, 11 September 2024. Once the correction is complete, the downward wave could develop to 1.1030.
The EURUSD pair has declined markedly. The market has reduced its activity level as the news landscape is highly busy.
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.
AUDUSD is poised for growth, supported by global positive sentiment
AUDUSD is strengthening for the second consecutive day, with the market favouring risk. Find out more in our analysis for 12 September 2024.
AUDUSD technical analysis
The AUDUSD H4 chart shows that the market has completed a downward wave, reaching 0.6622. A correction towards 0.6686 is expected today, 12 September 2024. Once the correction is complete, the AUDUSD rate is expected to decline to 0.6650.
The AUDUSD pair is rising for the second consecutive day, supported by a growing risk appetite.
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.
Gold (XAUUSD) is rising rapidly, reaching a new all-time high of 2,532 USD
XAUUSD price exited a sideways range yesterday, subsequently surpassing an all-time high of 2,532 USD. Gold may continue its ascent. Find out more in our XAUUSD analysis for today, 13 September 2024.
XAUUSD technical analysis
The XAUUSD H4 chart shows a sideways price range, with boundaries at 2,532 USD and 2,470 USD. Following the release of US inflation data, gold prices rose and broke above the range’s upper boundary, indicating the potential for further upward movement.
Gold prices are rising steadily, reaching an all-time high of 2,532 USD after the release of weaker-than-expected US inflation data.
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.
The EURUSD pair has been rising for the third consecutive trading day. Investors are awaiting a 50-basis-point Federal Reserve interest rate cut. Find out more in our analysis for 16 September 2024.
EURUSD technical analysis
The EURUSD H4 chart shows that the market is forming a consolidation range around 1.1086. The market extended the range down to 1.1073 and up to 1.1104. The price could decline to 1.1055 today, 16 September 2024. After reaching this level, it might rise to 1.1128.
The EURUSD pair strengthened its position, with further volatility expected amid the September Federal Reserve meeting.
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.
USDCHF declines: the US dollar is in a disadvantageous position
The USDCHF pair continues to fall, with the Swiss franc benefiting from the weakness of the US dollar. Find out more in our analysis for 17 September 2024.
USDCHF technical analysis
The USDCHF H4 chart shows that the market has completed a growth wave, reaching 0.8549. A corrective structure has fully formed today, 17 September 2024, aiming for 0.8434. A consolidation range is currently developing above this level.
The USDCHF pair remains under pressure until the end of the US Federal Reserve meeting.
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.
Gold (XAUUSD) trades near highs ahead of the Fed rate decision
XAUUSD price remains near annual highs, awaiting the US Federal Reserve interest rate decision. Its announcement and the press conference of the Federal Reserve chair may give fresh momentum to the stock price.
XAUUSD technical analysis
The XAUUSD pair is trading within an uptrend on the daily chart, with the price currently hovering around 2,570 USD. After breaking above the sideways range last week, gold price is steadily rising, aiming for the target of the previously formed triangle pattern near 2,600 USD.
Gold prices are rallying upwards, reaching the 2,590 USD level this week.
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.
The Federal Reserve interest rate change and stabilising unemployment in Australia supported the Australian dollar. Find out more in our analysis for 19 September 2024.
AUDUSD technical analysis
The AUDUSD H4 chart shows that the market has pushed the price to 0.6819 on the fundamental background. The price has corrected towards 0.6737 today, 19 September 2024. Following the correction, a growth wave structure is forming, aiming for 0.6825 and potentially continuing towards 0.6855.
The US interest rate cut and the AUDUSD technical analysis in today’s AUDUSD forecast suggest that the growth wave could continue towards the 0.6825 and 0.6855 levels.
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.
NZDUSD analysis: the market demonstrates risk appetite
The NZDUSD pair continues to rise for the third consecutive day, driven by a weaker US dollar and positive risk sentiment. Below is our detailed NZDUSD forecast and analysis for 20 September 2024.
NZDUSD technical analysis
From a technical perspective, the NZDUSD pair is forming a consolidation range around the 0.6239 level on the H4 chart. Today's outlook for NZDUSD suggests the potential for an upside extension towards the 0.6262 level.
The NZDUSD pair continues steadily climbing as investors show growing interest in risk.
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.
The GBPUSD rate has risen for the fourth consecutive trading session, remaining below the resistance level at 1.3340. Read more in our analysis for today - 23 September 2024.
GBPUSD technical analysis
On the H4 chart of GBPUSD, the market has formed a consolidation range around 1.3278. Currently, the range is extended downwards to the level of 1.3222 and upwards to the level of 1.3333. Today, 23 September 2024, we expect an upward exit from this range.
Despite the positive UK retail sales data, falling consumer sentiment indicates potential risks for the UK economy, which may limit further GBPUSD growth.
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.
