Forex Technical/Fundamental Analysis & Forecast by RoboForex

GBPUSD under pressure: what will the Bank of England decide?

The GBPUSD pair is pulling back to 1.3512 midweek, with investors conserving energy ahead of the BoE meeting. Find more details in our analysis for 29 April 2026.

Technical outlook

The GBPUSD H4 chart shows that after a strong upward momentum from below 1.3400, the pair moved into the 1.3500–1.3600 zone, where the move slowed noticeably. Local resistance formed near 1.3590, and the market has rebounded downwards from this level several times.



The GBPUSD pair is retreating slightly, but it will conserve energy until the Bank of England’s decision on Thursday.

Read more - GBPUSD 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

EURUSD falls amid persistent inflation in the US

The EURUSD rate continues to decline amid a stronger dollar and hawkish signals from the Federal Reserve. The rate currently stands at 1.1668. Discover more in our analysis for 30 April 2026.

EURUSD forecast: key takeaways

• The EURUSD rate is declining for the third consecutive trading session
• The Federal Reserve kept the interest rate unchanged, but signalled a more hawkish policy course
• US inflation remains elevated amid rising energy prices

Fundamental analysis

The EURUSD rate is declining for the third consecutive trading session. Sellers are increasing pressure and attempting to consolidate below the key support level at 1.1665. A confident breakout of this level could accelerate the bearish momentum. The currency pair has reached a three-week low amid a stronger dollar. The US currency received support from the Federal Reserve’s more hawkish monetary policy stance than the market had expected.

The regulator held the rate steady, in line with market forecasts, but disagreements emerged within the committee. Some officials opposed signals of a possible resumption of rate cuts, reinforcing the perception of policy as restrictive. An additional factor came from inflation dynamics in the US. Price growth remains elevated, largely because of higher energy prices, limiting the scope for policy easing.

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 on hold: what comes next

The EURUSD pair is holding at 1.1734, with everyone conserving strength without fresh news. Discover more in our analysis for 4 May 2026.

Technical outlook

The EURUSD H4 chart shows that after growth towards the 1.1800–1.1850 zone, the market formed a local high and entered a correction phase. The decline developed gradually, without sharp impulses, with lower highs forming, indicating weakening upward momentum.



The EURUSD pair is in a consolidation phase after last week’s sharp moves.

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

Brent holds near its highs due to a new round of conflict

Brent is trading at 111.49 USD. Middle East risks remain too high. Find more details in our analysis for 5 May 2026.

Brent forecast: key takeaways

• Brent prices are holding in a steady uptrend
• While the Strait of Hormuz remains closed, the chances of higher energy prices will remain elevated
• Brent forecast for 5 May 2026: 112 or 113

Fundamental analysis

Brent crude oil is hovering around 111.49 USD per barrel on Tuesday after jumping nearly 6% the day before, driven by a sharp escalation in the Middle East.

The US and Iran exchanged strikes in the Strait of Hormuz, which increased doubts about the sustainability of the four-week ceasefire. US forces escorted their vessels and stated that they repelled drone and small-boat attacks to protect commercial shipping.

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

The pound is holding steady, but risks are increasing

The GBPUSD pair rose to 1.3567 and then paused. The main intrigue lies in the local UK elections. Find out more in our analysis for 6 May 2026.

Technical outlook

The GBPUSD H4 chart shows that after a confident rise from the area below 1.3400, the pair moved into the 1.3500–1.3650 range, where the movement gradually slowed. An attempt to consolidate above 1.3600 resulted in a local high near 1.3650, but the market failed to develop further upward momentum and retreated.



The GBPUSD pair looks fairly solid, but risks for the pound remain.

Read more - GBPUSD 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

US 30 forecast: the index attempts to extend gains after a correction

The US 30 index continues to rise after a correction, retaining the potential to reach a new all-time high. The US 30 forecast for today is positive.

US 30 forecast: key takeaways

• Recent data: the Federal Reserve policy rate remained at 3.75%
• Market impact: the data is positive for the stock market

Fundamental analysis

The Federal Reserve’s decision to hold the interest rate steady at 3.75% can generally be viewed by the market as a neutral-to-mildly positive factor for the US 30 index, as the outcome fully matched both the forecast and the previous reading. For investors, this means no unexpected monetary policy tightening, reducing the risk of a sharp revaluation in large US equities.

This decision is crucial for the US 30, as many of the index companies operate in mature industries and depend on the overall health of consumer demand, investment, and the cost of capital.

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 on the verge of another surge, Nonfarm Payrolls will decide everything

The USDJPY forecast for today appears optimistic for the yen, with the Nonfarm Payrolls release expected to indicate the direction of movement. The rate currently stands at 156.80. Find more details in our analysis for 8 May 2026.

Technical outlook

On the H4 chart, the USDJPY pair has formed a Hanging Man reversal pattern near the middle Bollinger Band and is trading around 156.80. Since the price remains within an ascending channel, it could form a downward wave following the pattern signal, with the target for the correction in this case being 156.00.



The yen is awaiting the release of US employment data, which could provide further insight into the Federal Reserve's future interest rate decisions.

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) weekly forecast: there is a basis for growth, but more details are needed

Gold (XAUUSD) enters the week of 11–15 May near 4,700 USD per ounce after rebounding amid falling oil prices. Support came from rising expectations of a deal between the US and Iran: the market is reacting to diplomatic signals and the potential reopening of the Strait of Hormuz.

Brent forecast: key takeaways

• Weekly performance: gold (XAUUSD) gained a foothold near 4,700 USD per ounce after rebounding mid-week
• Support and resistance: on the daily chart, the structure shifted from bullish to corrective after the reversal
• Fundamentals and outlook: the baseline scenario is sideways movement

Fundamental analysis

Gold (XAUUSD) ended last week near 4,700 USD per ounce after a strong mid-week rally. The market was bolstered by a sharp decline in oil prices amid hopes for a deal between the US and Iran. This reduced inflation risks and pressure from expectations of restrictive central bank policy.

Diplomacy remains the key driver. According to media reports, Washington sent Tehran via intermediaries a framework memorandum that could become a step towards ending the conflict and gradually reopening the Strait of Hormuz. Iran has already confirmed that it is reviewing the proposal, with a response expected in the coming days.

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 on hold, US CPI will determine the direction

After reaching new May highs, XAUUSD prices are forming a correction and awaiting the US CPI release. Quotes currently stand at 4,715 USD. Discover more in our analysis for 12 May 2026.

Technical outlook

On the H4 chart, XAUUSD prices formed a Shooting Star reversal pattern near the upper Bollinger Band. As the pattern signal plays out, quotes may form a corrective wave. Since XAUUSD prices remain within an ascending channel, the 4,650 USD support level could be the downside target.



Gold remains under the influence of geopolitical risks and US inflation.

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

GBPUSD needs a driver: the correction is over, but no new ideas have appeared

The GBPUSD pair is holding at 1.3535, with political scandals and the oil situation setting the terms. Find out more in our analysis for 13 May 2026.

GBPUSD forecast: key takeaways

• The GBPUSD pair remains in a broad range, while politics is preventing the market from choosing a direction
• The market does not rule out three rate hikes by the end of the year
• GBPUSD forecast for 13 May 2026: 1.3500 or 1.3580

Fundamental analysis

The GBPUSD rate stood at 1.3535 midweek. This week, the pound pulled back from almost two-month highs as political uncertainty in the UK and the lack of progress in negotiations between the US and Iran are putting pressure on GBP.

UK Prime Minister Keir Starmer stated that he does not intend to resign. This comes despite demands from more than 70 Labour Party MPs to step down following the party’s poor performance in the local elections.

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