GBPUSD on the brink: weak PMI and US rate expectations could shake the market
The upcoming Federal Reserve rate decision could propel the GBPUSD pair towards 1.3440. Discover more in our analysis for 7 May 2025.
GBPUSD technical analysis
Having tested the upper Bollinger Band, the GBPUSD price has formed a Harami reversal pattern on the H4 chart. It is now developing a corrective wave following the received signal. Since the pair remains within an ascending channel, and given today’s fundamental data from both the US and UK, the bullish wave will likely develop following a correction.
Alongside the GBPUSD technical analysis, a weaker UK construction PMI and the upcoming Federal Reserve rate decision suggest growth to 1.3440 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.
EURUSD poised for reversal: outcome depends on meeting in Brussels
Ahead of the Eurogroup meeting, the EURUSD pair may complete its correction and head towards the 1.1330 resistance level. Discover more in our analysis for 12 May 2025.
EURUSD technical analysis
On the H4 chart, the EURUSD price has formed a Shooting Star reversal pattern near the upper Bollinger Band. The pair is currently undergoing a downward wave in response to this signal. However, since quotes remain within the ascending channel, they could climb to the nearest resistance level at 1.1330 after the correction.
With the Eurogroup meeting as today's main market driver, the outlook for EURUSD appears 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.
Japan’s economy under pressure, USDJPY poised to surge
The downward revision of Japan’s GDP forecast may propel the USDJPY pair towards the 149.50 level. Discover more in our analysis for 13 May 2025.
USDJPY technical analysis
On the H4 chart, the USDJPY price tested the upper Bollinger Band and formed a Hanging Man reversal pattern, hovering around 147.60. It may now form a corrective wave following the signal from the pattern. Since the price remains within an ascending channel, it could reach 146.80.
Coupled with the USDJPY technical analysis, the decline in Japan’s economic data suggests a correction towards 146.80 before 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.
Gold under pressure: XAUUSD losing ground – is a reversal near?
Gold (XAUUSD) continues to retreat. Prices are moving towards the support zone at 3,160 USD. See our full analysis for 14 May 2025.
XAUUSD technical analysis
On the H4 chart, XAUUSD formed a bearish Engulfing pattern near the upper Bollinger Band. The price is now developing a downward wave within the longer-term upward channel, signalling a short-term correction.
The reduction in US-China tariffs has lifted the US dollar, placing short-term pressure on gold.
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 fall: US increases reserves, what happens next
The rise in US crude oil inventories triggered a correction in Brent quotes, with prices possibly reaching the support level around 63 USD. Discover more in our analysis for 15 May 2025.
Brent technical analysis
Having tested the upper Bollinger band, Brent prices formed a Shooting Star reversal pattern on the H4 chart. Quotes currently continue their corrective wave as this pattern plays out.
The Brent price forecast currently favours the US dollar, with quotes continuing to decline amid expectations of an Iran-US deal.
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 AUDUSD rate reversed to the upside, rising to 0.6450 amid weaker-than-expected US inflation. Discover more in our analysis for 16 May 2025.
AUDUSD technical analysis
The AUDUSD pair has reversed upwards on the H4 chart after rebounding from the 0.6400 support level. The Alligator indicator is also attempting to turn upwards, suggesting the downward correction may be ending. A Triangle pattern could form, with the potential for further growth towards the 0.6600 area.
The AUDUSD rate reversed to the upside, rising to the 0.6450 area as US inflation cooled.
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 USDCAD rate continues its correction, staying within a narrow range for six consecutive sessions. The current price is 1.3967. Find out more in our analysis for 19 May 2025.
USDCAD technical analysis
The USDCAD rate remains within the Triangle pattern. Today’s USDCAD forecast suggests a breakout above the pattern’s upper boundary and continued growth towards 1.4095.
The US credit rating downgrade and weak economic data add to pressure on 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.
The EURUSD rate strengthens amid US dollar weakness following the country’s credit rating downgrade. The current price is 1.1257. Discover more in our analysis for 20 May 2025.
EURUSD technical analysis
The EURUSD rate is rising within the boundaries of a Wedge reversal pattern. Today’s EURUSD forecast anticipates a test of the pattern’s upper boundary, with a risk of reversal and potential decline towards 1.1055.
The euro continues to rise as the US dollar weakens following Moody’s downgrade and Fed rate cut 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.
The British pound continues to strengthen, with the GBPUSD rate soon likely to reach the 1.3500 level. Discover more in our analysis for 21 May 2025.
GBPUSD technical analysis
Having tested the lower Bollinger Band, the GBPUSD pair formed a Hammer reversal pattern on the H4 chart. The pair is now developing an upward wave in response to this signal. Since the GBPUSD pair remains within an ascending channel and given fundamental data from the UK and the US, the bullish wave is expected to continue.
Positive forecasts for the British pound, together with GBPUSD technical analysis, suggest growth towards the 1.3500 resistance area.
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 dropped to around 64.00 USD following the release of US crude oil inventory data from the EIA. Discover more in our analysis for 22 May 2025.
Brent technical analysis
On the H4 chart, Brent shows a downward correction following its recent rise. Prices are currently trading within a broad sideways range between 63.00 and 66.00 USD. The breakout direction from this range will determine the asset’s next move.
Brent quotes are falling following the EIA’s report of a 1.328 million barrel rise in US oil inventories.
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.
