Forex Technical/Fundamental Analysis & Forecast by RoboForex

USDCAD: Bank of Canada’s dovish stance supports the US dollar

The USDCAD pair remains locked within a Triangle pattern, driven by diverging monetary policies of the Fed and the Bank of Canada. The exchange rate currently stands at 1.3797. Find out more in our analysis for 22 September 2025.

USDCAD technical analysis

The USDCAD rate is trading within a developing Triangle pattern. The pair recently bounced from the upper boundary of the descending channel and is attempting to hold above the Moving Averages, indicating sustained buying pressure.



The combination of the Bank of Canada’s dovish policy and expectations of guidance from the Fed creates conditions for further US dollar strength.

Read more - USDCAD 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: dollar strengthens, but gains capped by resistance

The USDJPY rate remains in consolidation within a sideways range, with the market focused on upcoming Fed remarks and key US inflation data. The rate currently stands at 147.81. Find out more in our analysis for 23 September 2025.

USDJPY forecast: key trading points

• Bank of Japan kept its key rate at 5% for the fifth consecutive meeting
• The regulator highlighted a moderate economic recovery in Japan
• The BoJ pointed to risks associated with global trade policy
• USDJPY forecast for 23 September 2025: 149.60

Fundamental analysis

The USDJPY rate is strengthening while remaining within a sideways range as sellers defend the key resistance level at 148.15. Market focus is on upcoming Fed commentary ahead of fresh US inflation data.

Fed Governor Stephen Miran noted that the current federal funds rate is too high and should be reduced to protect the US labour market. Scheduled for Tuesday are speeches by Federal Reserve Chairman Jerome Powell and Vice Chair Michelle Bowman. On Friday, market participants will focus on the August report on US personal income and outlays, which includes the core PCE price index, the Fed’s key inflation gauge.

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

XAUUSD back in the game: Fed keeps pressing the USD

Having set another price record, XAUUSD is forming a correction, after which quotes may rise further to 3,840 USD level. Find more details in our analysis for 24 September 2025.

XAUUSD technical analysis

On the H4 chart, XAUUSD prices formed a Hanging Man reversal pattern near the upper Bollinger Band. At this stage, they continue a corrective wave following the pattern’s signal. Given that XAUUSD quotes remain within the ascending channel and considering geopolitical factors, the uptrend will likely continue once the pullback is complete.



The USD continues to lose ground following Powell’s speech.

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

JP 225 forecast: the index approached the upper boundary of the ascending channel and hit new all-time high

The JP 225 stock index continues to rise within the ascending channel. The JP 225 forecast for today is positive.

JP 225 forecast: key trading points

• Recent data: the Bank of Japan policy rate remains at 0.50%
• Market impact: the effect on the Japanese stock market is moderately positive

Fundamental analysis

The Bank of Japan kept its benchmark interest rate at 0.50%, in line with forecasts and the previous level. This decision signals continued cautious normalisation of monetary conditions without additional tightening that could significantly increase capital costs for corporations. Short-term uncertainty declines, and the risk premium on Japanese equities generally remains stable.

For the JP 225, the impact can be described as neutral to positive. The decision was widely expected, which supports investor appetite for risk assets and allows markets to focus on corporate earnings and global demand. The yen remains a key factor: a stable or weaker currency boosts export revenue conversion, traditionally providing support for the index.

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