EURUSD rose and paused: trade tariffs are still a key concern
The EURUSD quotes are hovering near 1.0391 on Tuesday. Trump’s first day in office has been eventful. Find out more in our analysis for 21 January 2025.
EURUSD technical analysis
The main near-term scenario on the EURUSD H4 chart suggests growth to 1.0433. It is worth monitoring the 1.0349-1.0377 channel. If the pair remains above its upper boundary, the likelihood of further price rises will increase.
The EURUSD pair has rebounded following a local improvement in risk sentiment in capital markets.
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 pair reversed upwards, securing above 1.2300
The GBPUSD rate has established a local low on the price chart and is rising within an upward correction this week. Find out more in our analysis for 22 January 2025.
GBPUSD technical analysis
On the H4 chart, the GBPUSD pair is experiencing an upward correction after rebounding from the 1.2100-1.2140 support area, with the Alligator indicator pointing to growth. The daily trend remains downward, suggesting the price could continue to decline once the current correction is complete.
The GBPUSD pair has risen above 1.2300 within the current upward 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.
Gold (XAUUSD) will continue to rise after a minor correction
Gold (XAUUSD) is hovering near 2,752 USD per troy ounce, supported by demand for safe-haven assets and the relative neutrality of the US dollar. Discover more in our analysis for 23 January 2025.
XAUUSD technical analysis
On the Gold (XAUUSD) H4 chart, conditions indicate a potential corrective decline to 2,740 USD. If prices reach this level, the next selling target may be 2,724 USD. The Gold (XAUUSD) forecast for 23 January 2025 suggests that the first support level will likely be sufficient to trigger a correction.
Gold (XAUUSD) prices have temporarily paused their upward trajectory, but the global outlook remains positive.
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 at a five-week high supported by positive US and Chinese data
The AUDUSD pair rose to 0.6314 on Friday. Investors are keeping an eye on the issue of US tariffs on China. Discover more in our analysis for 24 January 2025.
AUDUSD technical analysis
On the AUDUSD H4 chart, quotes still have an opportunity to consolidate above 0.6323. In this case, a new growth target will be the area between 0.6325 and 0.6350.
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: the Canadian dollar loses ground against the USD again
Lower wholesale sales in Canada and positive US fundamental data may propel the USDCAD pair further to 1.4440. More details in our analysis for 27 January 2025.
USDCAD technical analysis
On the H4 chat, the USDCAD price formed an Inverted Hammer reversal pattern near the lower Bollinger band. At this stage, it continues developing a growth wave following the signal received. Since the quotes remain within an ascending channel, the upward wave is expected to continue to the nearest resistance level at 1.4440. A breakout above this level would open the potential for a more substantial uptrend.
Alongside the USDCAD technical analysis, low fundamental indicators from Canada suggest growth to the 1.4440 resistance 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.
EURUSD: the euro may lose ground again after a correction
The ECB President’s speech may impact the current EURUSD forecast and push the price down to 1.0330. Discover more in our analysis for 28 January 2025.
EURUSD technical analysis
Having tested the upper Bollinger band, the EURUSD price has formed a Stick Sandwich reversal pattern on the H4 chart. At this stage, it continues to develop a downward wave following the signal received. The price will likely decline further to the nearest support level at 1.0330 as it remains within a descending channel. A breakout below this level will open the potential for a more substantial downtrend.
Together with the EURUSD technical analysis, US fundamental data and the ECB president’s speech suggest a decline to 1.0330.
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) rises, driven by demand for safe-haven assets, with a key Fed decision ahead
XAUUSD rises to 2,765 USD on Wednesday, with demand for safe-haven assets increasing due to tariff uncertainty. More details in our analysis for 29 January 2025.
XAUUSD technical analysis
On the XAUUSD H4 chart, a sideways trading range is forming, with boundaries at 2,740-2,766 USD. An upward breakout will open the potential for growth to the previous high of 2,791 USD. With a breakout below the channel, the first selling target will be 2,724 USD.
Gold (XAUUSD) prices rose slightly, driven by demand for safe-haven assets, but there are questions about further 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.
Brent prices are falling: external pressure is too great
Brent prices plunged to 76.55 USD, with US oil inventories increasing again. Find out more in our analysis for 30 January 2025.
Brent technical analysis
Prerequisites for the extension of the selling wave to 74.62 are forming on the Brent H4 chart. After testing this level, the market may turn to 75.30, but additional conditions are needed to move to a more ambitious target of 78.64.
Brent prices are falling, without halting this movement yet.
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 falls rapidly: the market fears tough US tariffs
The EURUSD pair declined to 1.0384 on Friday. Investors are concerned about the growing risk of trade wars. Discover more in our analysis for 31 January 2025.
EURUSD technical analysis
On the EURUSD H4 chart, the situation is moderately negative. Sales may extend to the 1.0371 level and continue further to 1.0341. Things will stabilise if the EURUSD pair returns to 1.0465. However, there are no opportunities for this movement yet.
Although the EURUSD pair is declining, it closes January with 0.34% 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.
USDJPY rises: the US dollar is in demand due to higher risks
The USDJPY pair rose to 155.50 at the beginning of the week. The US imposed trade tariffs on its major partners. Find out more in our analysis for 3 February 2025.
USDJPY technical analysis
On the H4 chart, the USDJPY pair is gaining local upward momentum to the first crucial target of 155.91. If buyers find a foothold above this level, the next upside target will be 156.38, with the subsequent crucial target at 156.74.
The USDJPY pair is rising rapidly on Monday. The market is massively risk-averse as the US launched a new round of trade wars.
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.
