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

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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.

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

USDCAD corrected towards support at 1.3920

The USDCAD rate fell to the area around 1.3900 amid a possible US government shutdown this week due to suspended funding. Discover more in our analysis for 29 September 2025.

USDCAD technical analysis

On the H4 chart, the USDCAD pair is declining within the current downward correction. The daily trend is still bullish, so the pair may resume growth after the correction is complete.



The USDCAD rate is falling, having reached the 1.3920 support level.

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

Brent falls into the hands of the bears: rising supply signals nothing good

Brent slipped to 66.42 USD per barrel. The market is filled with negativity ahead of additional supply entering the market. Discover more in our analysis for 30 September 2025.

Brent forecast: key trading points

• Brent crude declines under pressure from geopolitics and OPEC+ rhetoric
• Additional supply on the global market will push prices down even faster
• Brent forecast for 30 September 2025: 65.40

Fundamental analysis

Brent crude fell to 66.42 USD per barrel on Tuesday, extending the decline of the previous session. Prices are under pressure from expectations of increased global supply and discussions of a possible ceasefire in Gaza.

Media reports suggest that at Sunday’s meeting, OPEC+ may approve an additional output increase of at least 137,000 barrels per day starting in November.

Another factor was the resumption of oil exports from Iraqi Kurdistan. Flows through the Iraq–Turkey pipeline were restored on Saturday after a US-brokered agreement between regional authorities, Baghdad, Turkey, and foreign companies.

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: pair holds above 1.3400

The GBPUSD pair consolidated above the 1.3400 mark amid the expected U.S. government shutdown and ahead of the ADP U.S. employment data release. Full details in our analysis for 1 October 2025.

GBPUSD technical analysis

On the H4 chart, GBPUSD shows moderate growth, consolidating above the 1.3400 level. The Alligator indicator is pointing upward, suggesting the bullish movement could continue. The key support for the uptrend is at 1.3333.



The GBPUSD pair has climbed above 1.3400.

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

JP 225 forecast: index corrects after hitting new all-time high

The JP 225 index is undergoing a correction, although the broader uptrend remains intact. The JP 225 forecast for today is negative.

JP 225 forecast: key trading points

• Recent data: Tokyo core CPI came in at 2.5% year-on-year
• Market impact: the impact on the Japanese equity market is moderately positive

Fundamental analysis

Tokyo’s core Consumer Price Index stood at 2.5% year-on-year, below the consensus forecast of 2.8% and unchanged from the prior month. This shows that inflationary pressure in Japan’s largest metropolitan area remains stable and softer than expected. For equity markets, this reduces the likelihood of accelerated monetary policy normalisation by the Bank of Japan. The case for aggressive tightening has weakened, which supports valuations for assets sensitive to discount rates.

For the JP 225 index, the overall impact is moderately positive. Softer inflation lowers the risk of sharp rises in yields and capital costs. On the currency side, this increases the likelihood of a weaker yen, which improves overseas revenue conversion for exporters and supports their stock performance, creating a positive ripple across 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

Gold (XAUUSD) will quickly return to growth

Gold (XAUUSD) prices are hovering around 3,860 USD. The correction was needed, but it changes nothing: the rally will continue. Discover more in our analysis for 3 October 2025.

XAUUSD technical analysis

On the XAUUSD H4 chart, prices remain near all-time highs.

After a sharp rise from the 3,627 area, gold tested the 3,897 resistance level, where a local top formed. This was followed by a pullback to the 3,819 zone, which now acts as the nearest support.



Gold (XAUUSD) has corrected slightly but remains in a strong position.

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

EURUSD on pause: everyone is waiting for US news

The EURUSD pair has settled within the 1.1727 range. The market is conserving energy while awaiting news on the US government shutdown. Discover more in our analysis for 6 October 2025.

EURUSD forecast: key trading points

• The EURUSD pair is consolidating sideways amid uncertainty surrounding the US government shutdown
• With no fresh headlines, investors are watching secondary data releases
• EURUSD forecast for 6 October 2025: 1.1660 or 1.1780

Fundamental analysis

The EURUSD rate remains neutral around 1.1727 amid concerns over the consequences of the prolonged US government shutdown. Congress once again failed to agree on a temporary budget, leading to the suspension of several federal programs and the delay of key macroeconomic reports, including the September Nonfarm Payrolls.

On the monetary front, markets continue to price in two Federal Reserve rate cuts in October and December, each by 25 basis points. Recent data have strengthened expectations that the Fed will maintain its policy easing trajectory.

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