Blogs

Volatile Price ActionIt’s been a wild start to the week for the gold market today. Gold futures surged higher by more than 4.3% over the Asian session, hitting fresh all-time highs of around $2145 before reversing sharply lower, now back in the red on the session.  The move follows a solid rally on Friday which […]

TitleGBPJPY H4 | Breaking pivot point?TypeBearish breakoutPreference:The price is currently on our pivot point at 187.925, an overlap support, and it could break through and fall to 1st support level at 184.607, a multi-swing-low support.Alternative scenario:The price could bounce off the pivot point at 185.925 and rise to 1st resistance level at 1

TitleUSDCAD H4 | Bearish reversal off 50% fibo?TypeBearish ReversalPreference:Price could retest our pivot point at 1.3544, which is a pullback resistance level, aligning with the 50% fibo retracement and 78.6% fibo projection. Price could fall to the 1st support at 1.3487, which is a swing low support level.Alternative scenario:If price breaks abo

Title:S&P 500 H4 | Falling to support level?TypeBearish ReversalPreference:The price is falling from our pivot point of 4599.10, a pullback resistance. The fall off from this price could lead to the price falling to the 1st support level at 4527.17, an overlap support.Alternative scenario:The price could break through our pivot point of 459

RBA in FocusAUDUSD is holding just below the .6681 resistance level on Monday, as traders look ahead to the coming RBA rate decision tonight. While the bank is expected to keep rates on hold again this month, traders will be closely monitoring the statement for clues as to whether the bank is likely to tighten […]

European currencies experienced a continued decline on Monday, with EURUSD finding support around 1.0850, and GBPUSD sliding from its recent peak of 1.27 to 1.2650. Both currency pairs have been consolidating near their local highs since the beginning of last week as the wave of selling the dollar started to taper off. This shift was […]

Daily Market Outlook, December 4, 2023Munnelly’s Market Commentary… Asia – Stocks in the Asia-Pacific region had a mixed trading session with a slight inclination towards positivity following gains on Wall Street last Friday. The positive momentum on Wall Street was attributed to a decrease in yields and an increased likelihood of Federal Res

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<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_9-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="laz