Forex Technical Analysis & Forecast by RoboForex

[Vlad RF]

Gold plummets again: a hawkish Fed and strong dollar weigh on XAUUSD

Gold started the week lower amid a stronger USD, with prices currently standing at 4,180 USD.

Technical outlook

On the H4 chart, XAUUSD prices formed a Harami reversal pattern near the upper Bollinger Band and could continue the downward wave as the pattern signal plays out.

Another wave of escalation between the US and Iran is affecting gold prices and driving quotes lower.

Read more - Gold Forecast

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.

Sincerely,
The RoboForex Team

 

[Vlad RF]

USDJPY rises again: the Fed supports the dollar, but Japan prepares a firm response

After attempts to strengthen, the yen continues to lose ground, while the probability of intervention is gradually increasing. The price currently stands at 157.35.

Technical outlook

On the H4 chart, the USDJPY rate has formed a Harami reversal pattern near the lower Bollinger Band and is trading around 157.35. As the price remains within an ascending channel, it could continue its upward trajectory as the pattern signal plays out, with the first upside target at 158.00.

The yen continues to lose ground ahead of US data releases.

Read more - USDJPY Forecast

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.

Sincerely,
The RoboForex Team