NZDUSD is under pressure: the market awaits US employment data
The NZDUSD rate is declining, with sellers poised to test the 0.5845 support level. More details in our analysis for 6 December 2024.
NZDUSD technical analysis
The NZDUSD H4 chart shows that the market is forming a growth wave towards the local target of 0.5898. This level could be reached today, 6 December 2024, before a potential decline to 0.5860 (testing from above).
The NZDUSD rate remains under pressure amid expectations of a further Reserve Bank of New Zealand interest rate cut.
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 has the potential to strengthen against the US dollar
David Ramsden’s speech may trigger a further decline in the GBPUSD rate to 1.2700. Find more details in our analysis for 9 December 2024.
GBPUSD technical analysis
The GBPUSD H4 chart shows that the market has reached the 1.2810 level. A wave towards 1.2630 might form today, 9 December 2024. The price tumbled to 1.2720 and could rise to 1.2760 before declining to 1.2670 and potentially continuing the wave to 1.2630, the first target.
Alongside technical analysis for today’s GBPUSD forecast, Ramsden’s speech suggests a potential downward wave towards the 1.2700, 1.2670, and 1.2630 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.
USDCHF declines to 0.8780: the franc maintains the upper hand
The USDCHF pair has been under selling pressure for the fifth consecutive trading session as the market assesses the situation regarding US trade duties. Find out more in our analysis for 10 December 2024.
USDCHF technical analysis
The USDCHF H4 chart shows the market has completed a downward wave, reaching 0.8735. A consolidation range is forming above this level today, 10 December 2024.
The USDCHF pair remains under pressure on Tuesday.
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.
USDCAD: expectations of the Bank of Canada’s decision keep the market on edge
The USDCAD rate shows a minor correction, dropping to 1.4164. More details in our analysis for 11 December 2024.
USDCAD technical analysis
The USDCAD H4 chart shows the market has completed a growth wave, reaching the local target of 1.4193. A consolidation range is expected to form below it today, 11 December 2024. A correction will begin with a breakout below the range, targeting 1.4100.
Growth in the USDCAD pair is driven by the strengthening of the US dollar due to strong employment statistics.
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 XAGUSD pair has formed a reversal towards the long-term uptrend on the daily chart, rising above 32.00 USD. Further growth may occur soon. Find out more in our Silver price analysis for today, 12 December 2024.
XAGUSD technical analysis
Silver prices have been moving upward this week, holding above 32.00 USD. The daily chart shows a double-bottom bullish reversal pattern, with the price moving towards the pattern’s target near 33.00 USD.
XAGUSD prices remain above 32.00 USD, with the chart showing a double-bottom reversal pattern.
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 is at a two-year low: the situation could deteriorate further
The NZDUSD pair is falling to 0.5763, testing another local low under significant pressure from the US dollar. Find out more in our analysis for 13 December 2024.
NZDUSD technical analysis
The NZDUSD H4 chart shows that the market is forming a downward wave towards the local target of 0.5690. This level is expected to be reached today, 13 December 2024, before a potential rise to 0.5790 (testing from below).
The NZDUSD pair has incurred significant losses, with the minor trend only strengthening.
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 awaits news: no one takes risks ahead of the Fed meeting
The EURUSD pair remains stable at around 1.0510 on Tuesday. The market seeks signals from the Federal Reserve. Find out more in our analysis for 17 December 2024.
EURUSD technical analysis
The EURUSD H4 chart shows the market has completed a corrective structure, reaching 1.0533. Today, 17 December 2024, a new downward wave may develop, aiming for 1.0420.
The EURUSD pair shows little movement ahead of the 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.
GBPUSD declines ahead of the Fed’s interest rate decision
The GBPUSD rate has corrected towards 1.2700 today after reaching a weekly high of 1.2730, with market participants anticipating the outcome of the US Federal Reserve meeting. Discover more in our analysis for 18 December 2024.
GBPUSD technical analysis
On the H4 chart, the GBPUSD pair shows local upward momentum after bouncing from the 1.2615 support level on Monday. The alligator indicator signals growth.
The GBPUSD pair is moderately correcting downwards after reaching a local weekly high of 1.2730.
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.
Brent falls following the Federal Reserve’s statement, with the current price at 72.63 USD
Brent oil is correcting near the key support level of 72.45 USD. Find out more in our analysis for 19 December 2024.
Brent technical analysis
Brent prices secured a position below the lower boundary of the Ichimoku Cloud, suggesting a downtrend. Today’s Brent forecast anticipates a minor bullish correction, with prices testing the Cloud’s lower boundary at 72.85 USD before falling to 71.00 USD.
Brent prices are falling amid Federal Reserve statements about a slower pace of interest rate cuts in 2025, raising concerns about fuel demand.
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): the asset is consolidating ahead of a rise
A potential rise in US inflation expectations offers hope for Gold to climb to 2,648. Discover more in our analysis for 20 December 2024.
XAUUSD technical analysis
On the XAUUSD H4 chart, prices formed a hammer reversal pattern after testing the Bollinger band’s lower line. They continue their ascent at this stage, following a reversal pattern signal. This trend could develop further since the quotes are moving within an ascending channel.
Possible US inflation growth, combined with XAUUSD technical analysis, suggests that prices could rise to 2,648 USD after a correction.
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.
