USDCAD: monetary policy pivot – one report could change everything for the CAD
Following the release of the Bank of Canada's Business Outlook Survey, the USDCAD pair could continue its decline towards the 1.4150 support level. Discover more in our analysis for 7 April 2025.
USDCAD technical analysis
On the H4 chart, the USDCAD pair has formed a Hammer reversal pattern near the lower Bollinger band. At this stage, it continues to correct following the pattern signal. Since the price remains within the descending channel, a correction to the nearest resistance at 1.4265 is likely. A rebound from this level may open the door for further downside momentum.
The upcoming release of the Bank of Canada’s Business Outlook Survey and the CB Employment Trends Index could heighten volatility in the USDCAD pair.
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 corrected to around 65.00 USD after falling to 62.50 USD on Monday. Today, market focus shifts to US crude oil inventory data from API. Discover more in our Brent analysis for 8 April 2025.
Brent technical analysis
Brent quotes corrected towards the 65.00 USD resistance level after the decline triggered by another escalation of the tariff war. The daily chart shows strong downward momentum. After the current correction, the decline may continue, with a key support level at 62.50 USD.
Brent crude recovered to the 65.00 USD area after a sharp drop, but the risk of further decline persists. During the American session, markets will closely monitor API US crude oil stock 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 GBPUSD rate is correcting after rebounding from the 1.2855 resistance level. Find more details in our analysis for 9 April 2025.
GBPUSD technical analysis
The GBPUSD rate is rising despite persisting pressure from sellers. Today’s GBPUSD forecast suggests a continued upward correction, with the potential to reach 1.2945. The Stochastic Oscillator supports the bullish outlook, rebounding from the ascending support line, indicating buyers may be ready to push further.
The GBPUSD rate is strengthening amid trade risks and expectations of Federal Reserve rate cuts.
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.
Triangle on EURUSD: is the market ready for a breakout to 1.1175?
The EURUSD rate is strengthening, with buyers testing the 1.1000 resistance level. Find out more in our analysis for 10 April 2025.
EURUSD technical analysis
The EURUSD rate is consolidating within a Triangle pattern. Despite yesterday’s decline, the pair remains within an uptrend, as confirmed by the Moving Averages. Today’s EURUSD forecast suggests a bullish breakout above the Triangle’s upper boundary, targeting 1.1175.
The fundamental background supports the current EURUSD growth as markets price in Fed rate cuts amid tariff uncertainty and inflation expectations.
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.
Today is AUDUSD’s moment – sentiment slump does not stop the rally
Australia’s PCSI decline and a potential increase in the US PPI may become a trigger for the AUDUSD rate, with quotes likely to continue their ascent to 0.6260 after a correction. Discover more in our analysis for 11 April 2025.
AUDUSD technical analysis
Having tested the upper Bollinger band, the AUDUSD price has formed a Shooting Star reversal pattern on the H4 chart. It is initiating a corrective wave following the received signal. Given strong gains in recent trading sessions, the pair will likely continue its upward trajectory to the next resistance level at 0.6260.
Despite a dip in Australian consumer confidence to 49.30, fundamental drivers, including a potentially stronger US PPI, create a favourable backdrop for the AUDUSD pair.
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 falls to a 5-month low; will the decline continue?
The USDCAD rate slipped below 1.3900, hitting a five-month low amid a pause in US trade tariffs and ongoing US dollar weakness. Discover more in our analysis for 14 April 2025.
USDCAD technical analysis
On the H4 chart, the USDCAD pair is clearly in a downtrend, currently trading around the 1.3840 support level. The Alligator indicator confirms the bearish trend. However, the Stochastic Oscillator is in a deep oversold area, suggesting a possible upward correction.
The USDCAD pair plunged below 1.3900 amid a 90-day tariff pause and the current USD weakness.
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.
Trump and Chinese data hold Brent above water — but pressure remains
Brent crude is strengthening but remains capped below key resistance at 65.60 USD. Full outlook in our analysis for 15 April 2025.
Brent technical analysis
Brent continues to consolidate below strong resistance at 65.60 USD. Today’s forecast anticipates a test of this resistance, followed by a possible pullback toward 61.40 USD.
Brent prices remain under pressure from the 65.60 USD resistance level, despite temporary support from US trade concessions and stronger crude demand from China.
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 has set a new all-time high amid weak US industrial output. A short-term correction may follow, with a target at the 3,240 USD support level. Discover more in our analysis for 16 April 2025.
XAUUSD technical analysis
On the H4 chart, XAUUSD prices have formed a Hammer reversal pattern near the middle Bollinger band. The pair is currently building a bullish wave following the pattern signal. Having broken out of the ascending channel, XAUUSD quotes are likely to extend their rally.
The decline in US industrial production may weigh on the US dollar, while stronger retail sales highlight improved consumer activity.
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: correction complete? The yen loses ground under Fed pressure
The USDJPY rate has risen to 142.77 after weak Japanese data and hawkish remarks from Jerome Powell. Discover more in our analysis for 17 April 2025.
USDJPY technical analysis
The USDJPY rate has climbed after rebounding from the lower boundary of a bearish channel. Today’s USDJPY forecast suggests the current recovery could stall near 142.75, followed by bearish momentum and decline towards 140.20.
The yen is under pressure from hawkish Fed signals and weak Japanese export 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.
AUDUSD is trading near its yearly high at 0.6408, continuing a strong uptrend. Further gains are likely. Full analysis for 18 April 2025 below.
AUDUSD technical analysis
AUDUSD is advancing within a clear bullish trend and is currently trading just below 0.6400. The Alligator indicator confirms the strength of the upward impulse.
AUDUSD remains firmly in an uptrend, supported by USD weakness and strong commodity prices.
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.
