AUDUSD: the pair may continue to fall, having completed its correction
Michele Bullock’s speech and increased US jobless claims may support the AUDUSD pair in forming a corrective wave. More details in our analysis for 21 November 2024.
AUDUSD technical analysis
The AUDUSD H4 chart shows that the market has formed a narrow consolidation range around 0.6491 and, breaking above it, corrected towards 0.6543. A corrective move to 0.6545 is possible today, 21 November 2024.
With technical analysis for today’s AUDUSD forecast, negative US news suggests a potential correction towards 0.6545, followed by a decline to 0.6430.
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 hit new annual lows: all sympathies are with the US dollar
The New Zealand dollar fell to an annual low, with investors siding with the USD. Find out more in our analysis for 22 November 2024.
NZDUSD technical analysis
The NZDUSD H4 chart shows that the market is forming a narrow consolidation range around 0.5865 without a clear trend. The price could break below the range today, 22 November 2024, with the downside target set at 0.5810.
The NZDUSD pair remains under pressure from sell-offs and now appears very weak.
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.
GBPUSD: the pound is poised for a significant correction
A speech by a member of the Bank of England’s Monetary Policy Committee and a decline in US economic indicators may help the British pound regain ground. Discover more in our analysis for 25 November 2024.
GBPUSD technical analysis
The GBPUSD H4 chart shows that the market has reached the local target of 1.2487. Today, 25 November 2024, a correction towards 1.2600 is possible, followed by a decline towards 1.2545. A new consolidation range may form around this level. An upward breakout could extend the correction towards 1.2660. A breakout below the range would open the potential for a downward wave towards 1.2470 and potentially further towards the local target of 1.2445.
Coupled with technical analysis for today’s GBPUSD forecast, the speech by the Bank of England’s Monetary Policy Committee member could influence the pound’s value and enable a potential downward wave towards the 1.2545 level, followed by growth to the 1.2600 level.
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.
XAUUSD prices continue a moderate correction following last week’s surge. The quotes are now attempting to reverse upwards and continue their ascent. More details in our XAUUSD analysis for today, 27 November 2024.
XAUUSD technical analysis
On the H4 chart, the XAUUSD pair has corrected downwards from the 2,700-2,720 USD resistance area following last week’s steady upward movement. Yesterday, the quotes approached a strong support near the 2,600 USD level and rebounded upwards.
XAUUSD quotes completed a downward correction and reversed upwards from 2,600 USD.
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 euro is in positive territory while the US dollar rests: US sentiment shifts before the long weekend
The EURUSD pair is on the rise. Investors are evaluating the US GDP and core PCE data. Find out more in our analysis for 28 November 2024.
EURUSD technical analysis
The EURUSD H4 chart shows that the market has completed a growth wave towards 1.0587, the first target. The structure is expected to shift downward today, 28 November 2024, targeting 1.0460 and marking the boundaries of a consolidation range.
The EURUSD pair has recovered from a local low, but heightened volatility is expected due to the US Thanksgiving long weekend.
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 closes the week with gains as risk appetite emerges
The NZDUSD pair rose to 0.5913 on Friday, signalling a recovery following market sell-offs. Find out more in our analysis for 29 November 2024.
NZDUSD technical analysis
The NZDUSD H4 chart shows that the market is progressing towards 0.5920, the local estimated target. This level could be reached today, 29 November 2024, before a potential decline to 0.5868 (testing from above). Subsequently, a new growth wave might start, aiming for 0.5939 as the first target.
The NZDUSD pair ends the final week of November with notable gains.
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: Trump’s statement supports US dollar gains
The EURUSD rate is poised to test a key support level at 1.0495. Discover more in our analysis for 2 December 2024.
EURUSD technical analysis
The EURUSD H4 chart shows that the market has completed a growth wave, reaching 1.0596. A downward structure towards 1.0490 could develop today, 2 December 2024. Subsequently, the price might rise to 1.0530 before declining further to 1.0430.
The EURUSD rate remains under pressure following Donald Trump’s statements on safeguarding the US dollar.
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 strengthens amid a decline in Switzerland’s PMI
The USDCHF rate is advancing towards the 0.8905 resistance level. Discover more in our analysis for 3 December 2024.
USDCHF technical analysis
The USDCHF H4 chart shows that the market has completed a growth wave, reaching 0.8855. A consolidation range is forming around this level today, 3 December 2024. With an upward breakout, the growth wave could extend towards 0.8910, potentially continuing towards 0.8989.
The USDCHF rate continues to strengthen amid expectations of robust US economic statistics and geopolitical risks stemming from Trump’s statements.
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.
XAUUSD prices are consolidating within a narrow range, close to 2,650 USD, as market participants await today’s ADP US employment statistics. Find out more in our XAUUSD analysis for today, 4 December 2024.
XAUUSD technical analysis
On the H4 chart, the XAUUSD pair has secured above 2,600 USD, with prices now hovering around 2,650 USD. If the correction is complete, the asset could continue its ascent to the all-time high of 2,790 USD within the long-term uptrend.
Gold (XAUUSD) has gained a foothold above 2,600 USD.
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.
A slowdown in the US services sector supports EURUSD growth
The EURUSD rate is approaching the crucial 1.0535 resistance level and poised to breach it. More details in our analysis for 5 December 2024.
EURUSD technical analysis
The EURUSD H4 chart shows that the market has completed a growth wave towards 1.0545, followed by a correction to 1.0500. A growth structure towards 1.0595 could develop today, 5 December 2024. Subsequently, the price may decline to 1.0550.
Growth in the EURUSD rate is driven by expectations of Federal Reserve monetary policy easing, prompted by weaker US economic data, including a slowdown in the services sector.
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.
