USDCAD is falling sharply, with the pair trading at 1.3791. Full breakdown in our forecast for 21 April 2025.
USDCAD technical analysis
USDCAD is breaking lower after falling through the 1.3825 support level. Today’s outlook anticipates a short-lived corrective pullback toward the upper boundary of the descending channel, followed by a move down toward 1.3735.
The outlook for USDCAD remains bearish as political instability in the US and tariff uncertainty continue to erode confidence in the 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.
Gold (XAUUSD) in focus, Harker’s speech could trigger a golden wave
An upcoming speech by a FOMC member may boost XAUUSD quotes further to 3,555 USD. Discover more in our analysis for 22 April 2025.
XAUUSD technical analysis
On the H4 chart, XAUUSD prices have formed a Hammer reversal pattern near the middle Bollinger band. The price is now building a bullish wave in response to that signal. The uptrend will likely continue as XAUUSD quotes have broken above the ascending channel. The immediate upside target could be the 3,555 USD resistance level.
Amid the FOMC member’s speech, today’s outlook for XAUUSD remains bullish, with technical analysis suggesting continued upward momentum after a minor 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.
EURUSD loses bullish momentum: US dollar regains the lead
The EURUSD pair declined to 1.1378. The White House made efforts to calm investors. Find more details in our analysis for 23 April 2025.
EURUSD technical analysis
The EURUSD H4 chart shows a possible corrective wave developing towards 1.1303. After this decline, the market is expected to resume growth, aiming for 1.1425 and then 1.1504.
The EURUSD pair has reached another three-year high before entering 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.
USDJPY may come under pressure: yen to regain its role as a safe-haven asset
The USDJPY pair is hovering near 142.76 on Thursday. The market is once again seeking safe-haven assets, which supports the yen. Find out more in our analysis for 24 April 2025.
USDJPY technical analysis
On the H4 chart, the USDJPY pair shows potential for a decline towards 142.00 from the current 142.75.
Strategically, the pair may form a sideways channel between 139.88 and 143.59.
After two strong sessions, the USDJPY pair began to decline.
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 retreats into correction; will the decline continue?
The EURUSD pair sharply entered a corrective phase after hitting 1.1573. A reversal pattern may form on the chart. Find more details in our analysis for 25 April 2025.
EURUSD technical analysis
On the H4 chart, the EURUSD rate is undergoing a bearish correction after reaching a yearly high of 1.1573. A Head and Shoulders reversal pattern could form if the price consolidates below 1.1300. In this scenario, the next downside target will be the 1.1150 support level.
The EURUSD pair has entered a downward correction after reaching its yearly high of 1.1573.
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: sideways movement for now, but further decline expected
The USDCAD pair is hovering around 1.3863. The market is assessing the prospects of easing US-China trade tensions and closely following the Canadian elections. Discover more in our analysis for 28 April 2025.
USDCAD technical analysis
On the USDCAD H4 chart, the sideways range is limited by the 1.3780 and 1.3907 levels. A breakout above the upper boundary could trigger a corrective move towards 1.3977.
The USDCAD pair has temporarily halted its decline but retains a bearish outlook.
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) retreats into correction; will the decline continue?
XAUUSD quotes have entered a correction after hitting an all-time high of 3,500 USD. The US dollar is finding support amid easing trade tensions. Discover more in our analysis for 29 April 2025.
XAUUSD technical analysis
Gold is undergoing a downward correction within a broader uptrend after rebounding from the record high of 3,500 USD. The quotes are currently trading around the key support level at 3,270 USD. A breakout below this level could lead to the formation of a Triangle pattern and a further decline towards 3,200 USD.
XAUUSD prices are undergoing a downward correction amid easing trade tensions.
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 decline in US GDP could offer the euro an opportunity to strengthen, pushing EURUSD quotes towards 1.1565. Discover more in our analysis for 30 April 2025.
EURUSD technical analysis
On the H4 chart, the EURUSD pair has formed an Engulfing reversal pattern near the lower Bollinger band. The pair currently maintains its upward trajectory in response to this signal. Since the price remains within an ascending channel, further growth towards the nearest resistance at 1.1565 is expected. A breakout above this level would open the path for continued bullish momentum.
Amid weakening US economic data, today's EURUSD forecast is rather optimistic.
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.
Shock to the market: why weak PMI could crash USDJPY
A decline in the US services PMI could trigger a further correction in the USDJPY rate towards the 143.31 support level. Find out more in our analysis for 5 May 2025.
USDJPY technical analysis
Having tested the upper Bollinger band, the USDJPY price has formed a Hanging Man reversal pattern on the H4 chart. At this stage, it continues to form a corrective wave following the pattern signal. Since the pair continues to decline within a descending channel, it could reach the 143.31 level.
Weakening US economic data could drive USDJPY lower.
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 rebounds slightly, but the sell-off is not over yet
Brent oil has recovered to 61.17 USD. The sharp two-day drop has paused. Discover more in our analysis for 6 May 2025.
Brent technical analysis
On the H4 chart, Brent prices have rebounded from a local low of 58.72 and moved up towards 61.00. For the bounce to transition into a sustained reversal, prices must consolidate above 62.11. This would pave the way for further gains towards 62.63.
Brent prices have recovered after a steep drop, but still trade near four-year lows.
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.
