Forex Technical/Fundamental Analysis & Forecast by RoboForex

EURUSD: the pair declines after the US labour market statistics

The EURUSD rate edged down to 1.0300 following Friday’s release of mixed US employment data. Discover more in our analysis for 10 February 2025.

EURUSD forecast: key trading points

• Market focus: ECB President Christine Lagarde will deliver a speech today
• Current trend: the downtrend
• EURUSD forecast for 10 February 2025: 1.0200 and 1.0350

Fundamental analysis

The US labour market statistics for January became available last Friday, including Nonfarm Payrolls and the unemployment rate. The Nonfarm Payrolls data came in slightly worse than expected at 143 thousand jobs, below the forecast of 170 thousand. Conversely, the unemployment rate data exceeded expectations, showing a decline to 4.0% (previously at 4.1%).

The EURUSD pair reacted to the US data release with a moderate decline, falling to the price area around 1.0300. Today, market participants will focus on ECB President Christine Lagarde’s speech, which could shed light on the outlook for the regulator’s monetary policy.

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

Brent attempts to rise: oil benefits from lower supply

Brent prices rose to 76.25 USD. The news flow is attracting attention. Find out more in our analysis for 11 February 2025.

Brent technical analysis

The Brent H4 chart shows a scenario, where prices could climb to 77.03. This will become possible if the market consolidates above 76.10.

If corrective trends are stronger, significant support levels are at 75.29 and 74.62 USD.



Brent prices maintain their upward momentum on Tuesday after rising by 1.6% on Monday.

Read more - Brent 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) corrected from highs ahead of US inflation data

XAUUSD quotes are undergoing a local correction after reaching a new all-time high of 2,942 USD. Today, the focus remains on US inflation statistics. Find out more in our XAUUSD analysis for today, 12 February 2025.

XAUUSD forecast: key trading points

• Market focus: US consumer inflation data will be released today – the Consumer Price Index (CPI)
• Current trend: the uptrend
• XAUUSD forecast for 12 February 2025: 2,850 and 2,942

Fundamental analysis

XAUUSD prices are moderately correcting after reaching a new all-time high of 2,942 USD. Market participants will focus on US inflation data for January during the American trading session today, with the CPI scheduled for release. The indicator is projected to rise by 0.3% month-on-month and 2.9% year-on-year.

The Federal Reserve considers inflation data when deciding whether to change interest rates. Weaker-than-forecast statistics will put pressure on the USD and help strengthen Gold. Conversely, stronger figures will support the US dollar and cause XAUUSD quotes to 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

USDJPY rose and stopped: time needed to process data

The USDJPY pair is hovering at 154.16 on Thursday as investors change their views on the Federal Reserve’s future interest rate. Find more details in our analysis for 13 February 2025.

USDJPY technical analysis

On the H4 chart, the USDJPY pair has the potential to extend an upward wave towards 154.98.

At the same time, the odds of a correction are increasing, with the first target at 153.75 and the next at 153.26.



The USDJPY pair reached a weekly peak and has stopped for now.

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

EURUSD: the pair rises amid talks on Ukraine

The EURUSD rate rose to the price area near 1.0500, driven by the beginning of negotiations to end the conflict in Ukraine. Find out more in our analysis for 14 February 2025.

EURUSD forecast: key trading points

• Market focus: the market is awaiting the eurozone’s GDP data for Q4 2024 today
• Current trend: upward momentum
• EURUSD forecast for 14 February 2025: 1.0400 and 1.0530

Fundamental analysis

The euro rate rose above a two-week high of 1.0400 after US President Donald Trump signed a memorandum to renegotiate reciprocal tariffs with the eurozone without immediately imposing new tariffs, easing concerns about a sharp deterioration of trade relations with the US.

Optimism about the euro currency also rose on hopes of an end to the military conflict in Ukraine, as Donald Trump promised to make every effort to start a peaceful settlement and held talks with the presidents of Russia and Ukraine.

Today, market participants will focus on the eurozone’s GDP statistics for Q4 2024. The indicator is expected to remain unchanged quarter-on-quarter and rise by 0.9% year-on-year. Stronger-than-expected data will support the euro, with the EURUSD pair likely to continue its ascent. Conversely, weaker figures could send the pair into a correction.

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

USDCAD continues to plummet: there are new targets for sales

The USDCAD pair is hovering around 1.4169 on Monday. Investors have increasingly less faith in Trump’s threats. Find more details in our analysis for 17 February 2025.

USDCAD technical analysis

On the USDCAD H4 chart, the nearest target for a decline remains at 1.4151. The intermediate support level below it is 1.4140, with the next at 1.4125.



The USDCAD pair has fallen to a two-month low and may plunge even lower as the threat of trade implications between the US and Canada has dimished.

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

Japan’s GDP growth adds to pressure on USDJPY

The USDJPY rate is strengthening after rebounding from the 151.20 support level. Discover more in our analysis for 18 February 2025.

USDJPY forecast: key trading points

• Japan’s economy grew by 0.7% in Q4 2024
• BoJ interest rate hike in March remains in question
• USDJPY forecast for 18 February 2025: 151.60 and 150.20

Fundamental analysis

The USDJPY rate is on the rise after falling for three consecutive trading sessions as traders focus on the upcoming release of the Federal Reserve’s January meeting minutes. The regulator is adopting a wait-and-see approach, while the market is more focused on the prospects of an interest rate cut.

Meanwhile, the USDJPY pair remains under pressure after unexpectedly strong GDP growth data from Japan. Monday’s quarterly statistics showed that the country’s economy grew by 0.7% in Q4 2024, up from 0.4% in the previous quarter and above the forecast of 0.3%. GDP rose 2.8% year-on-year, aligning with expectations and exceeding 1.7% in Q3.

The data reinforces hawkish sentiment towards the BoJ monetary policy. While there is still uncertainty over a potential rate hike in March, further tightening of monetary conditions during the year is considered quite likely, which may help the yen strengthen as part of today’s USDJPY forecast.

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

GBPUSD forecast: the pair awaits UK inflation data

The GBPUSD rate is consolidating around 1.2600, with market participants awaiting UK inflation statistics today. Discover more in our GBPUSD analysis for today, 19 February 2025.

GBPUSD technical analysis

On the H4 chart, the GBPUSD pair is experiencing a local upward momentum, rising to the price area above 1.2600. The Alligator indicator also confirms growth. However, the long-term trend is still downward, with the asset likely to continue to decline after the upward movement is completed.



The GBPUSD pair is consolidating around 1.2600.

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

Brent is trading below 72.00 USD following the OPEC+ meeting

Brent quotes are declining, with sellers testing the 75.50 USD support level. Discover more in our analysis for 20 February 2025.

Brent forecast: key trading points

• According to the American Petroleum Institute, US crude oil inventories rose by 3.34 million barrels
• There are downside risks for Brent as part of the implementation of the reversal pattern
• Brent forecast for 20 February 2025: 74.35 and 73.15

Fundamental analysis

Brent prices are plunging after rising for three days. The pressure primarily comes from the American Petroleum Institute data, which recorded an increase in US crude oil reserves. According to the API estimates, the country’s oil stocks grew by 3.34 million barrels in the week ended on 14 February.

Brent quotes rose earlier, driven by reports that the G-7 countries were discussing the possibility of strengthening the mechanism to limit Russia’s oil prices. Additionally, traders are closely following the negotiations between the US and Russia on the situation in Ukraine, analysing the incoming information in search of prerequisites for easing sanctions that affect the energy sector.

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

AUDUSD rose to a ten-week high but the rally is not complete

The AUDUSD pair appears overpriced. The market believes the RBA will not lower interest rates rapidly. Discover more in our analysis for 21 February 2025.

AUDUSD technical analysis

On the H4 chart, the AUDUSD pair still has grounds to climb to 0.6408. If the market secures above this level, the next upside target could be 0.6420.



The AUDUSD pair rose and hit a two-month high amid expectations of the RBA keeping relatively high interest rates.

Read more - AUDUSD 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