USD versus oil: who will win the battle for USDCAD
Attempts by the CAD to regain its positions have failed, while the USD is recovering its losses. The USDCAD rate continues to rise and is trading around 1.3810. More details are in our analysis for 1 June 2026.
Technical outlook
On the H4 chart, near the lower Bollinger Band, the USDCAD price formed a Hammer reversal pattern. At this stage, it is continuing the upward wave as part of the signal from the pattern. Since the quotes remain within the boundaries of an upward channel, growth towards the nearest resistance at 1.3865 can be expected.
The CAD remains dependent on geopolitics and the cost of oil.
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 is waiting for news: what will happen to Hormuz?
Brent prices settled at 93.83 USD. Middle East talks are constantly stalled. Find more details in our analysis for 2 June 2026.
Technical outlook
On the H4 chart, Brent remains under pressure after a strong decline from May highs in the 108–109 per barrel area. After a series of sell-offs, quotes moved down into the 91–94 area, where the market is attempting to form a base for stabilisation.
Brent rose and then paused, with market indicators appearing mixed.
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 on hold: caught between oil rally and high interest rates
The GBPUSD pair is standing in a narrow sideways range near 1.3464. The market needs strong news.
Technical outlook
The GBPUSD pair remains in a consolidation phase on the H4 chart after the sharp decline from May highs in the 1.3630–1.3650 area. After forming a local low near 1.3300, buyers recouped some losses, but a sustainable upward momentum has yet to emerge.
The GBPUSD pair remains without a strong catalyst, but holds below crucial 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.
USDJPY trapped in a vice, the Japanese government is keeping a low profile
After testing the psychological 160.00 level, the USDJPY pair failed to consolidate above it and pulled back. The rate currently stands at 159.85.
Technical outlook
On the H4 chart, the USDJPY pair formed a Harami reversal pattern near the lower Bollinger Band and is trading around 159.85. Since the price remains within an ascending channel, it could form an upward wave following the pattern signal, with the upside target remaining at 160.50.
The USDJPY pair attempted to break above the psychological 160.00 level and consolidate above it, but buyers lacked the strength to do so.
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 market is underestimating the threat: AUDUSD may surprise today
After a week of decline, the AUDUSD pair may spring a surprise amid the Nonfarm Payrolls release. Quotes are testing the 0.7120 level.
Technical outlook
The AUDUSD pair formed a Hammer reversal pattern near the lower Bollinger Band on the H4 chart. At this stage, quotes remain within an ascending channel and may continue their upward wave as the pattern signal plays out.
The Australian dollar has not given up hope of strengthening; weak Australian statistics may be offset by weak US 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.
Gold (XAUUSD) prices stand at 4,327 USD on Monday, with the situation for the precious metal clearly worsening.
Technical outlook
On the H4 chart, gold (XAUUSD) sharply accelerated its decline after the release of strong US labour market data. Prices broke below the 4,395–4,400 support area and fell to 4,328, hitting the lows of recent weeks.
Gold prices remain under pressure, with the technical picture confirming the strength of the bears.
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 continues to strengthen amid a weaker US dollar, as investors await the release of key US inflation data. The rate currently stands at 1.1555.
Technical outlook
The EURUSD pair is correcting after the previous decline; however, despite the upward move, there remains a risk of a Head and Shoulders reversal pattern forming. Today’s EURUSD forecast suggests the current correction will end and the decline will resume, with the nearest target at 1.1465.
Expectations of slower US inflation and lower demand for safe-haven assets continue to support the EURUSD rate.
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 approaches the zone of possible Japanese interventions
The USDJPY rate continues its confident rise amid strong US inflation data and expectations that the Federal Reserve will keep its policy tight. The rate currently stands at 160.54.
Technical outlook
The USDJPY pair continues to move within a stable ascending channel. Buyers remain in control of the market, holding the price above the EMA-65, confirming a bullish bias. Today’s USDJPY forecast suggests continued upward momentum with a target at 161.05.
Despite expectations of a BoJ rate hike, fundamental factors remain in favour of 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.
Bitcoin is recovering and preparing to test 66,500 USD
Bitcoin gained support after positive news on the conflict between the US and Iran, but the rise remains fragile for now. A breakout above the 66,500 USD level will open the way to 70,400 USD.
Technical outlook
Last week, on the H4 chart, BTCUSD quotes attempted to break above the 64,000 USD resistance level several times, and it was only over the weekend that they were able to overcome this level, driven by positive news from the Middle East.
The first important signal for BTCUSD will be a breakout above the 66,500 USD 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.
XAUUSD consolidates near the key resistance at 4,365 USD
XAUUSD quotes remain under pressure after a series of strong gains as investors assess the outlook for Fed policy. Prices currently stand at 4,324 USD.
Technical outlook
XAUUSD quotes continue to move within a developing Triangle pattern. Despite the proximity of the key resistance level at 4,365 USD, selling pressure remains limited, while buyers are holding prices above the EMA-65.
The XAUUSD forecast for today suggests continued upward potential with a target at 4,505 USD.
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.
