Forex Technical/Fundamental Analysis & Forecast by RoboForex

Brent rebounds slightly, but the sell-off is not over yet

Brent oil has recovered to 61.17 USD. The sharp two-day drop has paused. Discover more in our analysis for 6 May 2025.

Brent technical analysis

On the H4 chart, Brent prices have rebounded from a local low of 58.72 and moved up towards 61.00. For the bounce to transition into a sustained reversal, prices must consolidate above 62.11. This would pave the way for further gains towards 62.63.



Brent prices have recovered after a steep drop, but still trade near four-year lows.

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

Wedge pattern on USDJPY chart – sellers gear up for downward move

The USDJPY rate is currently undergoing a correction but remains under pressure, with the price now at 142.99. Find more details in our analysis for 7 May 2025.

USDJPY forecast: key trading points

• Japan’s services PMI for April was revised upwards from 52.2 to 52.4
• New orders in the service sector reached the highest level in nearly a year, indicating strong domestic demand in Tokyo
• USDJPY forecast for 7 May 2025: 141.45

Fundamental analysis

The USDJPY rate is recovering after declining for three consecutive trading sessions, as investors continue to monitor trade negotiations between the US and Japan. Tokyo authorities aim to finalise a bilateral agreement by June, supporting interest in risk assets and currency markets.

Last week, the Bank of Japan kept its interest rate unchanged at 0.5% as expected. However, the central bank downgraded its forecasts for economic growth and inflation, reinforcing market expectations that further monetary tightening is unlikely in the near term.

Meanwhile, Japan’s services PMI for April 2025 was revised upwards to 52.4 from a preliminary 52.2, marking the fastest pace of new order growth in nearly a year and indicating steady domestic demand. These figures could push the USDJPY pair lower as part of today’s 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

EURUSD poised for reversal: outcome depends on meeting in Brussels

Ahead of the Eurogroup meeting, the EURUSD pair may complete its correction and head towards the 1.1330 resistance level. Discover more in our analysis for 12 May 2025.

EURUSD technical analysis

On the H4 chart, the EURUSD price has formed a Shooting Star reversal pattern near the upper Bollinger Band. The pair is currently undergoing a downward wave in response to this signal. However, since quotes remain within the ascending channel, they could climb to the nearest resistance level at 1.1330 after the correction.



With the Eurogroup meeting as today's main market driver, the outlook for EURUSD appears optimistic.

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

EURUSD tumbles to the 1.1100 area; will the decline continue?

The EURUSD pair plunged to 1.1100 following the US-China agreement on reducing reciprocal tariffs. Today's spotlight is on the US inflation report. Find more details in our analysis for 13 May 2025.

EURUSD forecast: key trading points

• Market focus: today’s highlight is the US April inflation statistics, with the Consumer Price Index (CPI) scheduled for release
• Current trend: a downtrend prevails
• EURUSD forecast for 13 May 2025: 1.1200 and 1.1000

Fundamental analysis

The EURUSD pair continues to decline as the US dollar gains strength amid optimism over a de-escalation in the US-China trade dispute. The two countries agreed to a 90-day reduction in tariffs after talks in Geneva, signalling a meaningful thaw in trade tensions that had intensified last month.

Today, all eyes are on the US CPI data for April. The consensus forecasts suggest an increase of 0.3% month-on-month and 2.4% year-on-year. Any substantial deviation from these expectations could fuel heightened volatility in the EURUSD pair.

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 under pressure: XAUUSD losing ground – is a reversal near?

Gold (XAUUSD) continues to retreat. Prices are moving towards the support zone at 3,160 USD. See our full analysis for 14 May 2025.

XAUUSD technical analysis

On the H4 chart, XAUUSD formed a bearish Engulfing pattern near the upper Bollinger Band. The price is now developing a downward wave within the longer-term upward channel, signalling a short-term correction.



The reduction in US-China tariffs has lifted the US dollar, placing short-term pressure on gold.

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