Blogs

TitleNZDUSD H4 | Bullish bounceTypeBullish RisePreference:The price is rising to 1st resistance at 0.63055, which is the 161.8 Fibonacci extension level, from our pivot at 0.62497, an overlap support.Alternative scenario:Price could reverse and break through the pivot at 0.62497 and fall to 1st support at 0.61835, an overlap support.To discuss this

Pound Under PressureThe British Pound has seen renewed selling interest today on the back of the latest inflation data released this morning. November headline CPI came in at 3.9% annualised, down from 4.6% prior and below the 4.3% the market was looking for. Core CPI was also seen falling to 5.1%, down from 5.7% prior […]

Red Sea Disruption Supporting OilOil prices are rising for a third straight session today as concerns over Red Sea shipping routes fuel a spike in prices. Many major companies including those transporting oil have paused shipping routes through the Red Sea on the back of recent attacks from Yemen’s Houthi forces. With no indication yet […]

TitleGBPUSD H4 | Bullish bounce?TypeBullish BouncePreference:Price could bounce off the overlap support at 1.27198 and rise to the 1st resistance at 1.27918, the swing high resistance.Alternative scenario:Price could potentially break through the pivot at 1.27198 and fall to the 1st support at 1.26271, the pullback support.To discuss this trading i

TitleEURJPY H4 | Bullish bounceTypeBullish BouncePreference:The price could bounce off the pivot at 157.695, an overlap support and rise to 1st resistance at 159.1, which is an overlap resistance.Alternative scenario:Price could also break through the pivot at 157.695 and reverse to the 1st support at 156.459, an overlap support level.To discuss th

Gold Hovering Near HighsGold prices are hovering just below the 2069.41 level today as we move towards the US session. The recent correction lower found strong support into a test of the 1973.51 level with price bouncing sharply form that support. The weakness in USD currently has been a major supporting factor for gold prices. […]

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<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_18-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="la

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