Forex Technical/Fundamental Analysis & Forecast by RoboForex

EURUSD is in positive territory again: another rise is likely

The EURUSD pair continues to rise and has already reached 1.0509. The market is interested in risk again. Discover more in our analysis for 24 February 2025.

EURUSD forecast: key trading points

• The EURUSD pair rose amid improved expectations for the eurozone
• The market is interested in risk but is still cautious
• EURUSD forecast for 24 February 2025: 1.0529

Fundamental analysis

The EURUSD rate strengthened, reaching 1.0509.

The euro fully recouped Friday’s losses after the conservative Christian democrats won the German elections. The preliminary elections were largely in line with investor expectations.

The market is now focused on the timing of forming a coalition. Conservative opposition leader Friedrich Merz intends to create one within the next two months. Strong and cohesive management is considered essential to push through much-needed fiscal reforms, especially amid economic stagnation in Germany and trade tensions over US tariff policy.

Reform of the debt system, which has restrained investments for years, is expected to support both the eurozone’s stocks and the EUR rate.

The latest data showed that private sector activity in the eurozone remained stable in February. The PMI decreased to 50.2 points, below the expected 50.5.

RoboForex Market Analysis & Forex Forecasts

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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.

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The RoboForex Team

USDJPY is at a 12-week low: the sell-off is not over yet

The USDJPY pair is hovering around 149.70 on Tuesday. The market is expecting another rate hike by the Bank of Japan. Discover more in our analysis for 25 February 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair has grounds to move even lower to 148.83. At the same time, the pair is clearly going beyond the sideways trading channel between 148.83 and 150.95.



The USDJPY pair has fallen markedly recently, hovering now at a 12-week low.

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

USDJPY forecast: the pair is trading near the daily support level at 148.60

The USDJPY rate remains under pressure, falling to the 148.60-149.00 support area. Market participants are awaiting US GDP statistics today. Discover more in our analysis for 27 February 2025.

USDJPY technical analysis

The USDJPY H4 chart shows a steady downtrend, which is confirmed by the Alligator indicator. The pair is trading in a descending price channel, with the price currently hovering at its lower boundary. The key support level is at 148.60.



The USDJPY pair fell to a three-month low in the 148.60-149.00 support area.

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

Gold (XAUUSD) prices may rise as stock exchanges avoid risk

Gold quotes are awaiting news, hovering around 2,888 USD, with the market in great tension. Discover more in our XAUUSD analysis for 4 March 2025.

XAUUSD forecast: key trading points

• Gold (XAUUSD) prices are not rising yet but are poised for a rally
• The capital market will need safe-haven assets in large quantities
• XAUUSD forecast for 4 March 2025: 2,895 and 2,921

Fundamental analysis

Gold (XAUUSD) prices are consolidating around 2,888 USD on Tuesday.

The market is assessing the US steps to impose 25% tariffs on Canada and Mexico and 10% tariffs on China starting today. China has already responded that it would introduce retaliatory tariffs of 15% on some US goods, including beef and soya beans.

These measures help expand trade wars. They, in turn, will launch a new round of inflationary growth and a slowdown in global economic development, with both factors strengthening the status of Gold as a safe-haven asset.

Yesterday’s statistics showed a slowdown in the growth rate of the US factory activity. This raises concerns that the White House tariffs will undermine the already slowing economy of the country.

RoboForex Market Analysis & Forex Forecasts

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

USDJPY forecast: the pair returned to around 150.00, with US ADP employment in focus

The USDJPY rate hit this year’s new low of 148.10 yesterday before retracing to 150.00. Market participants are awaiting US ADP labour market statistics today. Discover more in our analysis for 5 March 2025.

USDJPY forecast: key trading points

• Market focus: market participants are awaiting US employment statistics for February today, with the ADP employment change data scheduled for release
• Current trend: correcting within the downtrend
• USDJPY forecast for 5 March 2025: 151.00 and 148.10

Fundamental analysis

The USDJPY rate hit a new annual low of 148.10 yesterday. The Japanese yen is in demand as market participants expect the Bank of Japan to continue to raise the benchmark interest rate this year amid an unexpected uptick in inflation in Q4 2024 and positive GDP data.

Automatic Data Processing Inc. (ADP) will release US employment statistics for February during the American session today. Stronger-than-expected data (+140 thousand jobs) will support the US dollar and the USDJPY pair may form a local upward reversal. Conversely, weaker-than-forecast figures could push the quotes lower.

RoboForex Market Analysis & Forex Forecasts

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

Gold (XAUUSD) forecast: quotes consolidated above 2,900 USD

XAUUSD prices are on the rise, surpassing the 2,900 USD level amid weaker-than-expected US ADP employment statistics. Find more details in our XAUUSD analysis for today, 6 March 2025.

XAUUSD technical analysis

On the daily chart, XAUUSD quotes are on a strong rise, reaching the 2,930 USD resistance level. The Alligator indicator is below the price chart and is moving upwards, confirming the bullish trend, with the pair likely to continue its ascent after some correction.



XAUUSD quotes are on the rise, having consolidated above 2,900 USD amid the introduction of US trade tariffs and weak ADP data.

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

USDJPY fell to a five-month low: the yen acts as a safe-haven asset

The USDJPY pair is hovering around 147.60 on Friday as the market needs safe-haven assets. Discover more in our analysis for 7 March 2025.

USDJPY forecast: key trading points

• The USDJPY pair fell to its lowest level since 8 October 2024
• The market is in dire need of safe-haven assets and favours the yen
• USDJPY forecast for 7 March 2025: 147.29

Fundamental analysis

The USDJPY rate fell to 147.60, driven by increased demand for safe-haven assets amid the escalating global trade war and the volatile tariff policy of US President Donald Trump.

The market is concerned about the possible impact on the US economy, which prompts investors to shift from the US dollar to the yen and Swiss franc.

Domestically, the JPY position and Japan’s government bond yields strengthened on expectations that the Bank of Japan will continue to raise interest rates this year.

This week, BoJ Deputy Governor Shinichi Uchida said that the regulator could raise rates further if its economic forecasts prove true. Such comments could be interpreted as the beginning of a withdrawal from a sweeping monetary easing program.

RoboForex Market Analysis & Forex Forecasts

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

USDJPY forecast: the yen continues to strengthen against the USD

Amid economic data from Japan and the US, the USDJPY rate may form a correction before declining to 146.80. Discover more in our analysis for 10 March 2025.

USDJPY technical analysis

Having tested the lower Bollinger band, the USDJPY price has formed a Hammer reversal pattern on the H4 chart. At this stage, it continues a corrective wave following the pattern signal. Since the quotes have rebounded from the support level and are now moving within a descending channel, they will likely pull back to the resistance level.



Amid the economic data from Japan, the USDJPY forecast appears optimistic for the yen, with the USDJPY technical analysis suggesting a correction towards 148.60 before a further decline.

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

Brent remains under pressure due to increased output and problems in China

Brent quotes are slightly rising, currently standing at 68.95 USD. Discover more in our analysis for 11 March 2025.

Brent forecast: key trading points

• An economic slowdown in China raises concerns about future oil demand
• The increase in US and Canadian rigs boosts oil supply
• Brent forecast for 11 March 2025: 66.65

Fundamental analysis

Brent quotes are correcting after rebounding from the 68.45 USD support level. Prices are under pressure from global trade tensions, the expected increase in OPEC+ supply, and the uptick in oil production in North America. In February, US rigs added 8 units, reaching 590 rigs, while rigs in Canada increased by 38 units to 247.

An additional negative factor is the weakening of the Chinese economy, the largest oil consumer. Rising deflation in the country raises concerns about future oil demand. All these factors combined create an unfavourable environment for oil quotes, which, as part of the Brent price forecast, increases the risks of its further decline.

RoboForex Market Analysis & Forex Forecasts

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

EURUSD is in a strong position thanks to Trump and Germany’s policies

The EURUSD pair is on the rise near 1.0900, but it may halt its growth due to the US statistics. Find out more in our analysis for 12 March 2025.

EURUSD technical analysis

The H4 chart shows that the EURUSD pair maintains its positive momentum, with the price likely to retest the 1.0947 level in the short term.



The EURUSD pair is poised for further growth if there are new triggers.

Read more - EURUSD 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