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Gold Near HighsGold prices are starting the final month of the year in the green today. The market enjoyed a solid rally across November and is now holding just below all-time highs ahead of today’s keenly awaited US manufacturing PMI. On the back of the recent drop off in US inflation and labour market readings […]

Crude LowerCrude prices have turned lower into the end of the week following yesterday’s OPEC+ meeting.  The market was widely expecting the group to announce an extension of current production restrictions through next year with some speculating that perhaps we might see a deepening of current cuts. However, reports of tensions within the group ah

Title:GER40 H4 | Bearish Reversal off Pivot?TypeBearish DropPreference:The current price has touched the pivot line at 16299.70, a swing high resistance. Price could react bearishly off pivot and fall to 1st support level at 16045.42, a pullback support. Alternative scenario:Price could break through the pivot at 16299.70, a swing high resistance,

TitleEURJPY H4 | Bearish reversal off 50% fibo?TypeBearish ReversalPreference:Price could rise towards our pivot point at 162.14, which is a swing high resistance level, aligning with the 50% fibo retracement and 61.8% fibo projection. Since there is fibo confluence here, price could react to the pivot point and fall to the 1st support at 160.99, [

TitleGBP/JPY H4 | Bullish bounce off 38.2% Fibo?TypeBullish BouncePreference:The current price is on the pivot level at 187.092, which is a pullback support and it also aligns with the 38.2% fibo retracement level at 187.121. Price could bounce off pivot level and towards the 1st resistance at 188.192, a pullback resistance. Alternative scenario:Pr

TitleAUDUSD H4 | Bullish bounce off 38.2% fibo?TypeBullish BouncePreference:Price is falling to our pivot point at 0.6588, which is an overlap support, aligning with the 38.2% fibo retracement. If price bounces off our pivot point, price could rise towards the 1st resistance at 0.6629, which is a swing high resistance level.Alternative scenario:If

EUR Slides on CPI DropA slew of weaker-than-forecast eurozone inflation data this week has put an end to the rally for now. With Spanish, German and overall eurozone CPI seen falling again last month, the market has now moved to fully price in an ECB rate cut by April next year with odds for a […]

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<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSD_18-Copy-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="GBP/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading=&qu

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_8-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="laz